The Pan-African media agency connecting the world with content, production resources and information about Africa, A24Media, has launched a 1 million dollar investment fund for disruptive and innovative media technology developers on the continent.
A24Media which is a leader in Africa, for content creation and aggregation announced this 1 million dollar media technology investment fund to support primarily technology developers focused on revenue generating content distribution platforms.
Beneficiaries of this fund will be identified when A24Media runs its unique idea developer contest to find the most creative, powerful and useful ideas on media, advertising and education that integrate content into their business model, the company says in statement released.
The media company which describes itself as fifty professionals from Africa to the Americas, plans to first seek venture capital investment partners to help co-manage the investment fund and provide strategic advice on business models as well as market strategies.
“We are excited to support the disruptive developers in the media technology industry,” Asif Sheikh, the Founder of A24Media expressed, “because we realized that no single company can provide the breadth and scope of innovation that is required to develop revenue generating platforms and take this industry to the next level,” Asif Sheikh added.
They hope the one (1) million dollar investment fund for disruptive and innovative media technology developers can spark an explosion of creativity and innovation in the media technology industry across Africa.
The media outlet boasts of about 15,000 hours of exclusive content portfolio with the figure most likely to rise to over 16,000 hours of content by the end of December 2018. The African multi-media content provider has correspondents and cameras in all 55 African countries with an experienced, youthful and progressive team.
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