The program is led by the association I&P Entrepreneurs et Dveloppement, which supports African entrepreneurs. Yet in what happens to be the first time since at least early 2019, it briefly gave up the first place to Logistics & Transportation in the final . We are also excited to work with Plastics Pirate in Australia, who are already using our technology to clean up plastic pollution threatening the Great Barrier Reef.. Pre-seed funding is an early funding round in which investors provide a startup business with capital (sometimes up to $2 million) to develop its product in return for equity in the company. So now, we are dedicating $10 million to this category of slightly more mature businesses going through a rough patch because the market is very tight.. witnessing more VC investments in H1 2022. Aside from closing 43 deals, it also increased its standard deal size to $500,000 from $125,000. Fully Funded Youth Opportunities 2025 ), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. Scholarship for Developing Countries in Engineering In October 2021, Payday raised a $1 million pre-seed fund to "build PayPal for Africa". Sponsored Short Courses for Developing Countries 2025 FloatGhana Founded by Jesse Ghansah and Barima Effah, Float, formerly known as Swipe, was launched in June 2021 as a cash management and credit provider fintech company for Africa's fast-growth companies. Commenting, Vronique Haller, The charge daffaires, Embassy of Switzerland to South Africa, said: Blockchain has the potential to be a catalyst for positive change and to shape the future of our continent. Opportunity Desk India Call for Proposals in Kenya for Nutritious Foods Grants, Cartier Women Grants and Support for Female Entrepreneurs Worldwide, CFYE Funding and Grants to Create Employment for Young Egyptian Women, Closing Digital Divide Grants for Education Training and World of Work, Commonwealth Youth Awards for Excellence in Development Work, COVID-19 Biomedical Waste Treatment Innovation Challenge in India, Covid 19 Financial Assistance for Entrepreneurs in India, Creating Hope in Conflict Funding for Water and Sanitation and Health, DFID Grants for Agri-tech and Food Chain Innovations in Africa, DFID IMPACT Grants for Sub-Saharan Africa and South Asia, Draper Richards Kaplan Foundation Grants for Entrepreneurs and NGOs, Egypt-South Africa Call for Grant Proposals in Disruptive Technologies, E-WASH Innovation Grant Fund in Nigeria for Improved WASH Services, Feminist Review Trust Fund Grants for Women Projects, FICA Public Art Grants to Support Art Projects in India, 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Youth Hub Africa Consult the list below to see the local partner incubators and find out more about the available services (financing, mentoring, training, etc.). Start-ups to access financial support of up to EUR 300,000. Seed funding is meant to help the startup with its initial growth via product development and marketing research, the funds of which come from incubators, family members . Scholarship for African Students in Europe If you are a hub, incubator or an entrepreneur seeking support and financing, you can directly contact our local partners. Akro Accelerate 3. Opportunities for Youth This money can also be used to register their business in the appropriate jurisdiction. Seed funding for African startups is important for a number of reasons. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. Startups in French-speaking sub-Saharan Africa continued to lag their counterparts in the larger Anglophone markets but did attract more interest. The Government of Canada (20 deals) The Government of Canada is a newcomer to the top ten investor list, having closed 20 deals in 2022. But were not just solving socio-economic issues: Were also offering micro-entrepreneurship and income generating opportunities to our growing network of agents across the country.. This event has impacted the surety and speed of African startups raising capital. Candidate SMEs will be analyzed to assess their development potential in order to validate the relevance of financial support. Explore the map to discover some ofthe start-ups, venture capital funds and entrepreneurial structures that the AFD Group supports in Africa. Youth Entrepreneurship Grants in Africa Commonwealth Scholarship 2023 They have real potential in terms of job creation and impacts on Africas development. To date, CV VC has invested in 12 startups where blockchain-use cases go far beyond cryptocurrencies to drive Africa's future. 2023 Opportunity Desk Opportunities for Entrepreneurs 2023 Along these lines, we identified at least seven companies that collectively raised over $25 million in seed funding in the past four months. If not, they can cease to exist for instance, Kenya-based food startup Kune. entrepreneurial solutions partners (esp), in partnership with the u.s. african development foundation (usadf) and close collaboration with ecobank, has launched the african resilience initiative for entrepreneurs (arie) - a pan-african initiative to provide financial and technical assistance to 300 entrepreneurs (approximately 70% of whom will be Support, co-working spaces, networking, etc. For local funds such as Zedcrest Capital, it also makes sense to create such a fund because theres a much higher probability of getting into good deals that were otherwise overpriced last year. The new funding brings the total seed amount raised by the startup to USD 7 M. . Microtraction, an early-stage venture capital firm that invests in African startups at the pre-seed stage, is announcing that it has reached the first close of its second fund,. Subsidiary of @AFD_France/@AFD_en, @annesophieave @ChiefBenson2 @AFD_France With #ChooseAfrica, @AFD_France Group makes all its tools available to African start-ups, microenterprises and MSMEs to finance and assist them at the various stages of their development, particularly through local partners supported by the Group, more on: https://choose-africa.com/en/, La Directrice du dpartement Pilotage du Rseau de @Proparco, Myriam Brigui, prsente l'initiative #ChooseAfrica de soutien aux #startup et PME en #Afrique : "Depuis 2018, ce sont 120 M de financements qui ont t engags au bnfice des start-up/TPE/PME tunisiennes ", #COP27 : sur le fonds ARAF d'@Acumen que nous soutenons, via la facilit FISEA+ du Groupe @AFD_France qui fait partie de #ChooseAfrica. A digital tech boom is happening across Africa. It's exciting to see that the record is on its way to being broken in 2022. Tied at the top spot with Launch Africa, Google is also making giant strides in African technology. Notably, Nigerian startups accounted for one-third of Googles beneficiaries in 2022. For the second consecutive year, the American tech giant provided equity-free funding of $4 million to 60 African early-stage startups through its Black Founders Fund. The body of the text is provided on an as is and as available basis and has not been edited in any way. Start-ups to access financial support of up to EUR 300,000. It allows entrepreneurs to acquire the office space, hire staff, and purchase equipment that is essential for their businesses. But Ventures Platform will likely beat this number this year because it recently, maintained their upward trend despite this slowdown, How SecondSTAX is promoting cross-border capital investments in Africa, The World Bank expects all West African countries to grow in 2023, except one, Canadian Deputy High Commissioner, Captains of Industries, Grace CSR-in-Actions 11th SITEI Conference. Developing Countries Scholarships This fund will be given along with mentorship support and Google platform credits to help the startups grow. In 2022, it was the seventh-most active investor in Africa's startup ecosystem with 20 deals. These grants are applicable to not just already existing business owners alone but individuals with innovative business ideas. In addition to being sports fans, the founding team has a decade-long association with startups and now unicorns Flipkart and Udaan. 2023 Grants for Small Business in Nigeria The tech ecosystem in Africa is growing rapidly, and many startup founders will expect to make a decent exit. These projects, and other in the field, are validating our business model and technology in its intended operating environment, a crucial step before we scale the business to start making an impact in the fight against plastic waste. Early-stage venture capital firm Microtraction, which invests in African tech startups at the pre-seed stage, has announced a US$15 million first close of its second fund, counting a number of established African tech startup founders among its LPs. Save my name, email, and website in this browser for the next time I comment. . 2022. For early-stage startups running out of money, having raised and spent several million dollars in the past couple of years, access to follow-on capital required to transition to the next growth phase is crucial. Seed funding for African startups can also be obtained through angel investors and VC funds. AFD supports incubators, hubs and accelerators that promote innovation and entrepreneurship. Grants for Startups in Kenya 2025 PhD Scholarships for International Students - Fully Funded! Seedstars Africa Ventures is an early-stage venture capital fund investing in high-growth companies active across Sub-Saharan Africa. As a blockchain investor and builder of international startup ecosystems, CV VC commits to investing in the broader applicability of blockchain to solving problems and creating new markets beyond crypto. The fund says it expects the negative impact on venture funding to accelerate in the second half of this year as global investors revert to pre-COVID investment deployment levels, taking months to close deals and focusing on backing startups with strong unit economics. Required fields are marked *. Seed Funding for African Startups 2023 The Hague Institute for Innovation of Law (HiiL) is currently accepting applications for the 2021 Innovating Justice Challenge, it is calling to all game-changing justice startups that want to grow their impact and business. Hiine, who co-founded the startup with Hans Osnabrugge and Jorne Schamp in 2016, hopes to tap the payment platform to enable more people across the continent to make international calls through its app. ScarabTech was voted the African regional winner of the Environmental, Social, and Governance (ESG) Tech category at this years Global Startup Awards (GSA) Africa, which took place in Cape Town, South Africa. Kenya: Call for Applications for Startup Funding Briter Bridges: African startups raised $4.9 billion in total estimated funding $4.65 billion disclosed and about $300 million undisclosed. Commonwealth Shared Scholarships 2024 Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Currently focusing on cricket, Podeum is building an online community . Opportunity Desk Scholarship 2024 Read it now. The program offers to provide technical assistance and catalytic partnerships to 10 to 15 digital start-ups with a high investment capital impact (in the form of an equity investment, convertible debt or a SAFE investment of up to EUR 300,000), so that they can develop solutions for underserved populations on fragile and border markets. In Africa, there is a mindset that complements Switzerland's determination and a will to create well-being for its citizens and the future of humanity. It's more than a 250% increase from last year's . 1 min read January 18, 2023 Members. Scholarship 4dev This non-dilutive $3 million fund is allocated across a pipeline of 50 investable startups in Africa. There were notable milestones outside the top 10, like in Sudan where payments platform Bloom became the countrys first startup to participate in the Y Combinator accelerator program, subsequently raising $6.5 million seed money in a round co-led by payments giant Visa. Business Grants in Kenya 2025 Launch Africa was the most active investor in African startups for a consecutive year. Previously we were angel funded between 2018 and 2022, notes Jeffrey Barbee, co-founder and chief executive of ScarabTech. (EUR 15,000 in cash funding) By OFA - septembre 7, 2022 Application Deadline: November 12, 2022 ASIP is a program launched by Telecel Group as part of CSR activities. Opportunity Desk Internship ScarabTech, which was founded in 2018, specialises in the development of small-scale and extremely efficient plastic-to-energy devices known as Beetles. These machines, which were created utilising specific software algorithms and design, heat plastic waste, creating a vapour that is then caught and reconstituted into carbon-neutral fuel that can power generators and engines. Opportunity Desk | the One Stop Place for Global Opportunities! Opportunity Desk Uganda Besides, the UN Challenge, which will support a changemaker, is also an important source of capital for African startups. The company plans to use the new funding to launch a pan-African payment platform next year and grow its VoIP market share. It has invested in over 20 African startups including TalentQL, Indicina, Simpu, Julaya and Thndr from this fund. The latest round of seed funding was led by Sava, an African company that provides spend management software. Most investors are not writing checks right now. "African economies are in danger of even further marginalisation due to macro trends towards economic deglobalisation. The Pan-African VC closed 34 deals in 2022, making it the fifth-most active investor for the year. Eden Care, a licensed Rwanda-based digital insurer which offers affordable, accessible and personalized health coverage to businesses and their employees, has completed a pre-seed funding round from DOB Equity , Seedstars International , Norrsken Foundation, and Bathurst Capital. Opportunities Desk Scholarships for Developing Countries 2024 From 55 startups successfully funded in 2015 to 359 in 2020, Africa appears to be at the dawn of a startup revolution, with the ecosystem growing at a 46% annual rate, which is six times faster than the global average, according to BCG. They receive a EUR 20,000 award and a year of support to continue and implement their project. Scholarship Positions for Developing Countries to help it expand across East Africa. Nkiru Amadi-Emina and Ijeoma Akwiwu founded the startup in 2021 to provide financial services for African supply chain businesses. Application Deadline: May 31st, 2022. In 2022, it was the seventh-most active investor in Africas startup ecosystem with 20 deals. Download our brochure on the Digital Africa fund, Digital Africa fund: Supporting digital startups in Africa. Pre-seed funding is designed to help a startup get off the ground and typically comes from the founder of the startup and any close friends, family members, and supporters. Zedcrest Capital has invested in three startups in pre-Series A stages since it spun out this fund some months back, forking out between $200,000-$500,000 checks in the process. Crypto Valley Venture Capital (CV VC) has announced the launch of its African Blockchain Early-Stage Fund and published the inaugural African Blockchain Report which provides a compelling structural overview of the emerging blockchain sector and rousing insights regarding its funding. Nigerian trade-tech startup Norebase secures $1m pre-seed funding 0 By Tom Jackson on May 6, 2022 Nigerian trade technology startup Norebase, which is building a single platform for businesses to start, scale and operate in any African country, has secured a US$1 million pre-seed funding round to accelerate its growth. With its tiered model, targeting pre-seed, through two successive tickets in the startup according to the stage of development, Fuz is today a unique model on the continent. Africa is a reminder that life matters and that there is a great need for everyone to work together to enable humanity to be well in all ways. AFD supports structures that encourage innovation and entrepreneurship, such as incubators, accelerators and hubs. The Silicon Valley-based VC firm entered the African market in 2020 by opening an office in Johannesburg. Copyright 2022 Zawya. Context In May 2018, during the Vivatech Digital Rendez-vous, the French President, Emmanuel Macron, announced a French commitment of EUR 65m for African start-ups and the launch of the Digital Africa initiative. The African Business Angel Network (ABAN) is a pan-African non-profit association. AFD works with 4 partners that are experts in supporting and financing digital innovation in Africa: the consortium made up of the African Business Angels Network (ABAN) and AfriLabs, the Greentec Capital Africa Foundation, the association Entrepreneurs & Dveloppement, which draws on the capacities of the Investisseurs & Partenaires group, and the Mercy Corps Europe Suguba consortium. CV VC has a proficient team on the ground, including Gideon Greaves, who today said: As a Swiss headquartered company, CV VC holds great value in precision and knowledge sharing as drivers of innovation. The strong need to structure and build the expertise of these companies in a hyper-growth phase (governance, HR structuring, retaining and attracting talent, implementation of management systems). The CV VC African Blockchain Report successfully depicts a unique holistic overview of blockchain in Africa, which will facilitate funders to make a better judgment of Africa's investment potential. The startup also has a network of agents, including PesaPoint in Kenya and Flash in South Africa, which enable users to purchase airtime vouchers from more than 750,000 physical points of sale. Support, financing, co-working spaces, networking, etc. By providing seed funding for these startups, these institutions are able to help entrepreneurs develop their products and expand their markets. Opportunities for African Youth Scholarship Positions Image Credits: Zedcrest. - The regulatory quagmire is clearing as six nations have regulated, and others are making headway; and - Blockchain in Africa is unique as it is driving from the bottom up, where essential industries are propelling forward with blockchain tech, agriculture, mining, remittances, inclusion, identity, and property, to name a few. Scholarship-positions.com Usa Whereas in Q1 2022 they raised about $1.8 billion, according to data tracked by. And last year, Y Combinator intensified its participation in Africa. Short Term Training Scholarship for Developing Countries 2025 How Libyas petroleum sector is taking a tough route to democracy. A New $75M African Guarantee Deal Signed For African SMEs, Helm Hits a Billion Messages With DStv Assist, Significant Growth Ahead for Africas Mining Sector in 2023, The state of ICT in Nigeria the rise of the tech-savvy customer calls for humanised digital customer engagement, Tunisian Gaming Startup Galactech Acquired, Tunisian Authorities Prohibit Newly-Funded Algerian Mobility Startup Yassir From Operations, South African Gaming Startup Carry1st Raises $27M From Top VC Firms. Scholarship 4dev this non-dilutive $ 3 million fund is allocated across a pipeline of 50 investable startups in.. Company plans to use the new funding brings the total seed amount raised by the startup in 2021 to financial... That is essential for their businesses was led by the startup in 2021 to provide financial for! Google platform credits to help the startups grow non-dilutive $ 3 million fund is allocated across a pipeline of investable! 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