
New Investments
Sony Launches $10 Million Innovation Fund to Support Africa's Entertainment Industry

Sony Group Corporation has launched the Sony Innovation Fund: Africa, a $10 million fund to support the growth of the continent’s entertainment sector.
The fund will target seed to early-stage startups operating in the gaming, music, film, and content distribution sectors.
Sony has a long history of supporting startups and fostering innovation worldwide.
The Sony Innovation Fund: Africa is the latest addition to its portfolio of innovation funds, which also include the Sony Innovation Fund, the Innovation Growth Fund, the Sony Innovation Fund: Environment, and the Sony Innovation Fund 3.
In addition to providing financial support, the Sony Innovation Fund: Africa will also offer startups access to Sony’s technologies, expertise, and network of partners.
This will help startups to accelerate their growth and reach new markets.
Sony has also entered into a collaboration agreement with the International Finance Corporation (IFC), the largest global development institution focusing on the private sector, to support the growth of the entertainment industry in Africa by leveraging the strengths of both entities.
The launch of the Sony Innovation Fund: Africa is a significant development for the African entertainment industry.
It is a sign of the growing interest of global tech giants in the region, and it will provide much-needed support to startups that are developing innovative new ways to entertain African audiences.
Highlights:
- Sony launches $10 million innovation fund to support Africa’s entertainment industry.
- Fund will target seed to early-stage startups in gaming, music, film, and content distribution.
- Sony will also offer startups access to its technologies, expertise, and network of partners.
- Sony has also entered into a collaboration agreement with the IFC to support the growth of the entertainment industry in Africa.
Related Articles
Register Now
Empower Africa Times Newsletter
Share :
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
You may also like...

Accion Launches $152.5 Million Fund to Drive Digital Transformation for Financial Inclusion in Africa
Accion, a non-profit focused on financial inclusion, has announced the launch of the Accion Digital Transformation Fund, a $152.5 million initiative designed to empower traditional financial institutions in serving underserved small businesses.

Sanari Capital Invests $5 Million in Energenic Holdings to Boost Energy Solutions in Africa
South African private equity firm Sanari Capital has announced a significant R87.5 million (approximately $5 million) investment in Energenic Holdings, a leading provider of energy generation products and solutions operating in over 32 African countries.

Pan-African Startup Tappi Raises Funding From Renew Capital to Revolutionize Digital Marketing Solutions for African SMEs
Tappi, a rising Pan-African digital marketing startup, is poised to reshape how small and medium-sized enterprises (SMEs) establish themselves online, fueled by a recent investment from Renew Capital Angels.