In this article we have listed our top 21 startup accelerators in Africa. Startup Grants 2025 It was also the year the accelerator set up shop in Lagos, Nigeria. Flat6labs invests in startups in the Middle East and North Africa Region and has active seed funds in Egypt and a sister fund in Tunisia. Scholarships for Africa 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. Required fields are marked *. Download our brochure on the Digital Africa fund Digital Africa fund: Supporting digital startups in Africa Local partners 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. One of the more significant reasons for the rampant growth of the blockchain sector - is pure necessity. The firm has a very-early stage fund, Ventures at Zedcrest, that targets pre-seed and seed companies. ), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. Commonwealth Scholarships for Masters Study 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. Capacity building and direct technical assistance to digital start-ups with high impact potential, Searching for and accessing funding in Africa and around the world to ensure the scaling up of African tech innovations, Supporting public policies favorable to innovative digital entrepreneurs in Africa. So far, our analysts have tracked over $200 million worth of disclosed fundraising deals. 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. Capital is being invested despite the waters of conventional deal-funnels being muddy - caused by a lack of available data for potential funders - especially international ones. Along these lines, we identified at least seven companies that collectively raised over $25 million in seed funding in the past four months. 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. 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. Since 2011, LoftyInc has invested made over 160 deals on the continent, including many stand-out names like Flutterwave and Andela. Hes also a corporate governance and cross-border data privacy and tax expert. Scholarship for Developing Countries 2024 Seed funding for African startups can support a wide range of companies. Business Grants in Kenya 2023 AUC Venture Lab 5. committed to supporting African start-ups by 2022, in partnership with local partners See and/or download documents Lynk transforms the informal sector in Kenya With Andela, the best developers are also trained in Africa Digital Africa seed fund pdf Fisea+english version Size: 2.68 MB Download Preview pdf Choose Africa Brochure Size: 1.60 MB 2023 Ventures Africa. Tripesa began life as an online travel marketplace called RoundBob, which was forced to close as the tourism industry ground to a halt due to COVID-19. Dean Hiine, the startups co-founder and managing director for Africa, told TechCrunch that existing digital payment methods in Africa are scattered and some involve lengthy and complex processes, affecting its conversion rate. Commonwealth Scholarships for International Students Sponsored Short Courses for Developing Countries 2024 Launch Africa was the most active investor in African startups for a consecutive year. Last year, the global economy struggled. With backing from the likes of Magic Fund, Acuity Ventures, Launch Africa Ventures Ventures, and Plug and Play, we're certain the startup has news to offer in 2022. From the ashes, however emerged Tripesa, which is building infrastructure and logistics to help companies . This is what CV VC intends to do with other drivers in Africa, said Mathias Ruch, co-founder of CV VC. Opportunities for Africans 2024 Opportunity Desk Scholarship 2025 To find our venture capital fund and incubator partners closest to you, please select your location. Loans and Grants for Small and Big Business 2023 Deadline: 30 April 2021. Their field of action covers 45 countries. Months after the initial close of its seed round, Talk360, a South African Voice over Internet Protocol (VoIP) startup, has raised an additional $3 million, bringing the total investment raised in the round to $7 million. Opportunities Desk Seedstars Africa Ventures is an early-stage venture capital fund investing in high-growth companies active across Sub-Saharan Africa. Were still investing in seed from our first fund but we are also going to slow down because the biggest opportunity right now will be in this pre-Series A, said Adedayo Amzat, founder and CEO of Zedcrest Capital. And since then, it has been one of Africas most active startup investors. Opportunities for African Youth In addition to assisting with general business needs, PROPARCO can also provide targeted support to address the main challenges encountered by start-ups when they scale up. Most startups will raise a seed funding round within their first three years of operation. Loans and Grants for Small and Big Business 2025 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 . They use 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. Foreign investors have been dominant contributors to Africas numbers since 2015. In October 2021, Payday raised a $1 million pre-seed fund to "build PayPal for Africa". ), Mali, Cte d'Ivoire / Ivory Coast, Ghana, Tunisia, Senegal, Egypt, Kenya, Morocco, Democratic Republic of Congo, Uganda, Nigeria, Guinea, Burkina Faso, North Africa, Financing in early stage and growth $1 $10M. Available free as part of an open-sourcing initiative with industry partners, alongside the full list of 481 Nigerian tech startups. Proverb Stories Some African startups have attracted interest from Silicon Valley venture capital firms. Odusote Mayokun. ABAN was set up in early 2015 to support the development of networks of investors across the continent. PAP Innovation Showcase 2023 For Climate Tech Startups (Up TO $10,000) https://lnkd.in/dUV6e87W Deadline: April 1, 2023 This is a global open call for climate and nature tech . As the global. A Google for Startups initiative giving access to funding to Black-founded startups in Africa. 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, FPAI-Villgro Innovation Challenge in India, Funding Call for Startups Tackling Covid-19, Funding for Small and Medium Scale Renewable Energy Projects in Africa, Funding Opportunities for Women in Agribusiness, Future Bora Youth Grants in Kenya for Youth Focused Organizations, Global Media Competition to Expose Tobacco Industry Manipulation, Go Global Africa Grants for New Entrepreneurs, Grants for Art and Activism Against Repression During Covid-19 Crisis, Grants for New Entrepreneurs and NGOs Working in Poverty Alleviation, Grants for Off-Grid Energy Development Entrepreneurship in Malawi, Grants in Nigeria for Digital Jobs and Skilled Craft Work for Youth, GroFin Grants and Funding for Small and Growing Businesses in Africa, GrowthAfrica Accelerator Grants for Entrepreneurs in Africa, High Growth Coaching and Grants for Women Businesses in Nigeria, High Impact Entrepreneurship Grants for Kenya and Rwanda Graduates, Initiative Africa Business Grants and Funding in Ethiopia, Injini EdTech Changemakers in 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South Africa, ORRAA Ocean Resilience Innovation Challenge, Qatar Foundation Call for Applications for Wise Accelerator Program, Renewable Energy and Agriculture Grants for Youth Innovators in Asia, Relief Funds to Help African Entrepreneurs and SMEs, REvolutionaries Steve Sawyer Memorial Award for Africa, RSWR Seed Grants for Small Grassroots Organizations in Kenya, RUFORUM Young African Entrepreneurs Competition, SANTAM Grants for Women Entrepreneurs in South Africa, School Enterprise Challenge International Business Project for Schools, Small Grants for Young Leaders in Southeast Asia, Small Grants in Ghana to Support Women-led Enterprises, Social Change Through Arts Grants in Pakistan and India, Southeast Asian Agribusiness Entrepreneurs New Zealand Sponsored Visit, South Africa Academy for Women Entrepreneurs Funding and Training, Sundara Seed Grants for Female Entrepreneurs and NGOs in WASH, Swedish Institute She Entrepreneurs Grants, Swiss Africa Business Innovation Funding for 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Ronaldo v Messi: the last dance in Saudi Arabia or a fresh start? Scholarship for Developing Countries in Engineering African Scholarships for Undergraduates Youth Entrepreneurship Grants in Africa Swedish Scholarships for African Students However, African startups maintained their upward trend despite this slowdown. Nigerian Tech-enabled Furniture Startup Taeillo Raises $2.5M New Funding. A report by Briter Bridges and Catalyst Fund puts the average seed round of African startups at $1.7 million compared to $4.6 million and $5.7 million for Indian and Latin American startups, respectively. Funding Opportunities for Entrepreneurs 2025 The new platform will allow users across the continent to buy products and services using any currency and more than 160 payment methods. African Union Scholarships 2023 Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Short Term Training Scholarship for Developing Countries 2024 Senegal is the regions leading tech hub, with the $112 million raised by its startups being twice more than the next best countries DR Congo and Cte dIvire. Powerful Motivational Quotes for Students Success Quotes English Short Stories for Kids, Cabin Crew Jobs & Career Advice Secretary Job Description Receptionist Job Description Top 100 Interview Questions and Answers How to Prepare for an Interview How to Write a CV How to Choose a Career Computer Shortcut Keys and their Functions, #1 Best Opportunities for Entrepreneurs Website ScarabTech, a cleantech start-up, is planning many commercial projects in Africa, Asia, and Australia as a result of a seed funding round from GIIG Africa Fund, a profit and purpose fund. 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 silver lining has been the self-fast-tracking of Africas digital and tech economy. Https Www Opportunity Desk 2022. The continent's tech economy is its stronghold Concluding the launch of the African Blockchain Report, Ian Putter, head of the Blockchain CoE&CA Training Office at Standard Bank Group, the largest African bank by assets, said: Africa matters. The funded start-ups benefit from capacity building via external technical assistance. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. Commonwealth Shared Scholarship 2025 Prospectus Commonwealth Shared Scholarships 2023 As a result, global startup funding was slow. Podeum was founded in 2022 by Ayush Prashant, Dhananjay Mishra, Mayank Sharma, and Parthsarthi. Opportunity Desk India Sign Up Now for funding emails Africa Mobility Initiative 2. But Ventures Platform will likely beat this number this year because it recently closed a $46 million fund. "We focused the report on a data set of 40 African blockchain companies. Financial institution dedicated to boosting the contribution of the private sector to the sustainable #development goals. Innovative start-ups/SMEs (health, biotechnology, environment, etc. Free Grant Money For Anything in Africa. Opportunity Desk Scholarship 2023 Barbee said the GIIG Africa investment will be used to help the business finalise the Beetle reference design and ready to commence commercial production by December 2023, based on the insights acquired from these projects. The program is led by the association I&P Entrepreneurs et Dveloppement, which supports African entrepreneurs. Founders Factory Africa closed 18 deals in 2022, ranking it ninth among Africas top investors. Kenya: Call for Applications for Startup Grants The biggest tech hubs kept their strong leads with Nigeria and Kenya each topping a billion dollars in funding. Undergraduate Scholarships for Africans 8. AFD Group is an active long-term partner, combining financing and technical and strategic assistance. The program supports 10 to 15 African digital start-ups and gives them access to appropriate financing and expertise. Support, co-working spaces, networking, etc. Weekly Economic Index: A bullish summit, a loan bailout, and the worlds longest subsea cable, Ethiopia has lost $410 million to a war-induced internet shutdown, Weekly Economic Index: Starlink in Nigeria, Seychelles tourism rebound and bigger layoffs at Amazon, My Pivot Journal: Stephanie Durugbors journey to becoming a product designer, My Pivot Journal: How Florence got her groove back learning to code. Africa's Top 21 Startup Accelerators 1. Click Any for complete overview information and application process. Talk360s latest investors include Allan Gray E2 Ventures (AGEV), Kalon Venture Partners, E4E Africa, Endeavor, existing lead investor HAVAC and a number of angel investors, including Tjaart van der Walt and Coenraad Jonker. Scholarship Positions for Developing Countries The AFD Digital Challenge is an annual competition which rewards five to ten start-ups that have developed innovative solutions for Africa. Talk360 told TechCrunch, in a past interview, that its decision to be a payment aggregator was informed by the challenges it encountered in implementing digital payment options, which affected the bottom line of its internet calling business. Deadline: 20-Sep-2022 Primate Conservation, Inc. will grant seed monies or provide matching grants for graduate students, qualified conservationists and primatologists to study rare and endangered primates and their conservation in their natural habitat [ more] DRK Foundation's Seed Funding of $300,000 for 3 years Deadline: Ongoing Developing Countries Scholarships Scholarships for Developing Countries 2025 Short Term Training Scholarship for Developing Countries 2023 Masters Scholarships for Developing Countries Scholarship for Developing Countries 2023 Rather than wait for traditional solutions, African entrepreneurs are using technology to digitise traditional industries such as banking, health, education, agriculture, etc. Objectif : renforcer la rsilience climatique des petits exploitants agricoles en #Afrique de lEst et de lOuest https://www.proparco.fr/fr/actualites/en-afrique-subsaharienne-le-fonds-araf-renforce-la-resilience-climatique-des-petits, Proparco et @EcobankSenegal collaborent pour soutenir l'accs au financement des #PME sngalaises , grce 2 garanties de portefeuille ARIZ et #EURIZ Ce projet s'inscrit dans l'initiative #ChooseAfrica mise en uvre par le Groupe @AFD_Francehttps://urlz.fr/jOhN, 2023 Copyright Choose Africa | Legal information | Website by l'Autre Tribu, committed to supporting African start-ups by 2022, in partnership with local partners, Choose Africa Resilience: our response to the economic crisis triggered by Covid-19, Digital Africa initiative, AFD assists the most vulnerable digital start-ups, AFIDBA (AFD for Inclusive & Digital Business in Africa), https://www.accion.org/how-we-work/invest/accion-venture-lab, Nigeria, Cameroon, Cte d'Ivoire, Egypt, Kenya, Algeria, Madagascar, Morocco, Senegal, Uganda, South Africa, Mauritius, Tunisia, Ghana, Chad, Ethiopia, Mozambique, Democratic Republic of Congo, Liberia, Botswana, Namibia, Gabon, Malawi, Gambia, Benin, Mali, Burkina Faso, Republic of Congo, South Africa, Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Comoros, Congo, Democratic Republic of Congo, Cte d'Ivoire, Djibouti, Egypt, Eritrea, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Equatorial Guinea, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Morocco, Mauritius, Mauritania, Mozambique, Namibia, Niger, Nigeria, Uganda, Rwanda, So Tom and -Prince, Senegal, Seychelles, Sierra Leone, Somalia, Sudan, South Sudan, Swaziland, Tanzania, Chad, Togo, Tunisia, Zambia, Zimbabwe. ScarabTech, a cleantech start-up, is planning many commercial projects in Africa, Asia, and Australia as a result of a seed funding round from GIIG Africa Fund, a "profit and purpose" fund. Application Deadline: May 31st, 2022. Candidate SMEs will be analyzed to assess their development potential in order to validate the relevance of financial support. And even though the industry is still in its early days, it has made indelible progress. 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. Venture funding slowed down for startups, the stock market plummeted, and IPO-ed companies got a skin-deep valuation haircut. 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. But 2022, when Techstars closed 39 deals, was its most active year on the continent. 2024 Grants for Small Business in Nigeria African startup funding broke new records in 2022 reaching $4.8 billion, according to data from startup tracker, Africa: The Big Deal. Opportunities for Entrepreneurs 2025 Although it is difficult to find, there are several different sources of startup funding, including private investors, foundations, and angel investors. The Catalyst program is led by the ABAN and Afrilabs consortium. 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. Opportunity Desk 2025 So, if you haven't yet started to apply, here is a good place to start learning about them. ), Mali, Cte d'Ivoire / Ivory Coast, Ghana, Tunisia, Senegal, Egypt, Kenya, Morocco, Democratic Republic of Congo, Uganda, Nigeria, Guinea, Burkina Faso, North Africa, Financing in early stage and growth $1 $10M. This support can focus on technological issues or concern typical issues for start-ups (strengthening accounting, marketing support, training teams, etc.). Full Undergraduate Scholarships for International Students Commonwealth Shared Scholarships 2024 They use developing Countries Scholarships Currently focusing on cricket, Podeum is building an online community . $20,780,000+ *Data updated daily at 18:00 EAT. Masters Scholarships for African Students 2024 Current Scholarships 2023/2024 - Fully Funded, Full Undergraduate Scholarships 2023/2024, Fully Funded Masters Scholarships 2023/24. Nigerian startup GetEquity launched in 2021 with pre-seed backing from GreenHouse Capital. This event has impacted the surety and speed of African startups raising capital. Acting as a window, each partner offers a specific program and activates their own financial instruments to implement the fund locally. 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. Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. Commonwealth Scholarship 2025 Phd Scholarships for African Students 2023 Start-ups to access financial support of up to EUR 300,000. Grants for Startups in Kenya 2024 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,. Download our brochure on the Digital Africa fund, Digital Africa fund: Supporting digital startups in Africa. Will likely beat this number this year because it recently closed a $ 46 million fund Platform! Deals, was its most active startup investors an open-sourcing initiative with industry partners alongside. ; s top 21 startup accelerators 1 Mathias Ruch, co-founder of CV VC intends to with! Up Now for funding emails Africa Mobility initiative 2 very-early stage fund, digital Africa:..., applications or media publishers as part of an open-sourcing initiative with partners! 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