AYO Launches R200M Technology Innovation Fund to Empower the Digital Leaders of Tomorrow
At AYO Technology Solutions we believe that innovation drives growth. Committed to ensuring that South Africa remains at the cutting edge of technology, we are proud to bring you the AYO Technology Innovation Fund – a fund that will help young growing businesses in South Africa to build capacity, grow and prosper.
The AYO Technology Innovation Fund is aimed at companies operating and innovating across the entire digital and technology ecosystem. We aim to invest in organisations that are vested in technology – those that are creating new technologies or using technology in novel ways to solve pressing business and everyday needs here, in South Africa and in the greater African context. The fund will evaluate and consider businesses working in the fields of Internet of Things (IOT), fin-tech crypto-currencies, artificial intelligence (AI), eHealth and robotics.
The AYO Technology Innovation Fund will invest in established organisations that are looking for second-round funding, and which have a proof of concept already in operation, but require scaling. The ultimate aim is to build capacity throughout the AYO Group and expand not only within the confines of South Africa, but across borders and into Africa and beyond.
The main criteria for consideration are commercial viability, scalability and broad appeal. The technology or innovation in question must make a positive difference to people’s lives and to the planet. Consequently, other sectors that deploy impact innovation to improve processes and enrich the land and those who work it, such as agri-tech, may also be eligible to access the fund.
If your organisation is operational in any of the above-mentioned fields and in need of additional funding ranging from R5 million to R20 million in order to scale operations, please e-mail AYO with a short description of your business, your finding requirements and business plan. We will contact you for a formal in-depth assessment based on your submission.