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Swedish Firm to Launch Think Incubator in Rwanda

Swedish Firm to Launch Think Incubator in Rwanda

Written by Karsten Strauss | From Forbes

Top tech entrepreneurs and financiers are not necessarily queuing up to kick off an enterprise in Rwanda. That said, sub-Saharan Africa is on the radar of private equity firms and the country is one of five taking the bulk of that foreign capital influx.

Plus, Africa in general has the tech world’s attention as an emerging market. Rwanda’s recent past may evoke images of machetes and strife but it would be foolish not to recognize that emerging markets are nothing if not rich in potential.

Sweden-based telecom firm, Millicom, is making a quick bet on Rwandan entrepreneurship. The company recently announced that it is building a tech incubator called Think in the east African nation’s capital, Kigali.

The company intends to seek out ambitious entrepreneurs and provide seed financing, structured training and coaching programs to help them on their way. The company also promises to help test products and will open up paths to foreign investment. In return, Millicom is expecting equity in scalable businesses that emerge from Think.

Read more at Forbes