African startups have been invited to apply for the MTN Cloud Accelerator Programme, a 12-week initiative designed to provide growth-stage ventures with funding, technical integration, and access to MTN’s expansive digital infrastructure.
The programme, which closes for applications on August 15, offers selected startups $65,000 in grants, mentorship from industry experts, investor pitch training, and access to MTN’s Cloud, MoMo, and Chenosis APIs to help scale their solutions across key sectors including fintech, health-tech, ed-tech, and agri-tech.
“We are committed to empowering Africa’s brightest entrepreneurs by providing not just funding, but also the digital tools and networks needed to thrive,” an MTN spokesperson said.
Funding and Technical Support
Startups chosen for the programme will receive US$65,000 per cohort in grants, a significant boost in a region where early-stage funding remains a critical challenge.
According to the African Private Equity and Venture Capital Association (AVCA), African startups attracted $4.8 billion in funding in 2023, but most of this capital flowed to later-stage companies.
By providing non-dilutive grants, MTN hopes to bridge the gap for growth-stage ventures, particularly those operating in underserved or rural communities.
Leveraging MTN’s Digital Infrastructure
Participants will gain full integration with MTN Cloud, MoMo, and Chenosis APIs, enabling them to embed financial services, data connectivity, and third-party digital tools directly into their platforms.
This technical support, combined with cloud credits and advisory services, is aimed at reducing operational costs and accelerating scalability.
“Integration with MoMo and Chenosis opens a new frontier for startups seeking to reach millions of African users in real time,” said Lagos-based tech analyst Ifeoma Nwosu.
Mentorship and Investor Access
Beyond technical aid, the programme emphasizes strategic mentorship and investor readiness.
Startups will receive one-on-one guidance from leading industry experts, sales and go-to-market (GTM) support from MTN teams, and coaching on how to effectively pitch to investors.
The programme will culminate in a Demo Day, bringing together MTN executives, venture capitalists, and the media.
In 2022, a similar MTN-backed accelerator in South Africa reported that 70% of participating startups secured follow-on funding within a year.
Driving Impact in Underserved Communities
MTN has stressed that the initiative prioritizes startups solving African challenges, especially those impacting rural and underserved populations.
With Africa’s population projected to surpass 1.7 billion by 2030, and mobile penetration reaching 84% in 2024 (GSMA), the need for scalable, tech-driven solutions in health, finance, and education is greater than ever.
“The future of Africa’s development lies in empowering innovators who can solve grassroots problems at scale,” MTN’s spokesperson added.
Likely Challenges and Risks Ahead
While the MTN Cloud Accelerator offers substantial benefits, experts caution that startups must weigh potential challenges.
One concern is dependency on MTN’s infrastructure, which could limit flexibility if ventures later seek to diversify their technology stack.
Time commitment is another factor, as the 12-week programme demands significant focus, potentially stretching thin the resources of early teams.
Additionally, competition is expected to be fierce, with hundreds of startups likely to apply for a limited number of slots.
“The support is real and valuable, but startups must go in with clear strategies for sustainability beyond the programme,” an expert warned.
Application Process
The MTN Cloud Accelerator is open to growth-stage startups that already have a minimum viable product (MVP) or live solution, and can demonstrate strong customer traction.
Applicants must show a clear focus on solving African challenges, particularly in underserved or rural markets. Startups across fintech, health-tech, ed-tech, agri-tech, and related sectors are encouraged to apply.
Applications are being received through MTN’s official accelerator portal and will close on August 15. Shortlisted ventures will undergo a review and selection process before the 12-week programme begins.
Detailed guidelines and requirements can be accessed here.
