Digital Transformation Challenge invites African health, mobility startups

Toyota Tsusho and CFAO Group’s Corporate Venture Capital (CVC) funds, in collaboration with Bond’innov, have established the Digital Transformation Challenge, which is available to growth-stage businesses in Africa that offer innovative services in the transportation and health sectors.

Mobility54 and Health54, two Toyota Tsusho and CFAO Group CVC funds, are giving investments ranging from EUR 100,000 (US $107,000) to EUR2 million (US $2.14 million), while other VC sponsors will be present at the final event in Paris at the end of August.

Finalists will be revealed at the end of July, with applications available until June 15.