Cape Town Launches Award for Crowdfundingand Micro-Lending Technologies to Help Millionsof African Entrepreneurs
The City of Cape Town today announces that it is looking for technologies and solutions to establish a new type of Venture Capital Fund on the African continent that is geared towards indigenous entrepreneurs who create innovative solutions for Africa's challenges. Submissions are accepted until February 28th, with a special interest in crowdfunding, micro-lending and other new technology-based financing models that can be appropriated for African start-ups. The Award forms part of the Living Labs Global Award 2011 in which 8 global cities present technology challenges to help 40 million citizens in America,Africa, Asia and Europe.
(PRWEB) January 17, 2011 Cape Town and Living Labs Global announce the award whichseeks to revolutionize the way financing is provided to Africanentrepreneurs. The Award seeks solutions that exploit newtechnologies and funding systems such as crowdfunding, micro-