The 8th Social Venture Prize, awarded by Orange, rewards innovative projects based on Information and Communication Technologies (ICT) which improve the living conditions of people in the Mediterranean. Recently the company has signed an agreement with Egypt Telecom pursuing a Middle East partnership strategy.
It aims to develop projects in fields such as education, healthcare, farming, mobile payments or sustainable development. The Orange Social Venture Prize is open to all students, employees and entrepreneurs over age 21 whose initiative is under three years old. Thank the Orange award, 20 projects got funded so far.
The competition will start with a national phase, during which each of the 17 participating Orange subsidiaries will assess the projects submitted in its country and select 3 winners. This will be followed by an international phase, during which all 51 national winners will compete for an international jury. The three final winners will gather at the AfricaCom Awards event, to be held in South Africa in November.
In addition to their national prizes, the three winners will receive €25,000, €15,000 and €10,000 respectively, as well as 6 months of personalised support from start-up creation and financing professionals.
Bruno Mettling, CEO Orange Middle East and Africa, says: “1,200 projects were submitted in 2017, a 60% increase over 2016. Support for talented start-ups is at the heart of Orange’s development strategy. With the Orange Social Venture Prize, we reaffirm our commitment to being a partner for the innovators working to improve daily life every year.
Orange is one of the world’s leading telecommunications operators with sales of 41 billion euros in 2017 and 152,000 employees worldwide, including 93,000 employees in France.
Present in 29 countries, the Group has a total customer base of 273 million customers worldwide, including 211 million mobile customers and 20 million fixed broadband customers. Turned into the Mediterranean countries, Orange is also a leading provider of global IT and telecommunication services to multinational companies in Egypt for example, under the brand Orange Business Services.
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