Funding Opportunities for Entrepreneurs 2023 The survey will only take 2 minutes to complete, and your feedback will help us improve future stories. This support mainly targets start-ups financed by AFD Group via PROPARCO & FISEA and addresses the following issues: Consult the list below to see the local partner incubators and find out more about the services available (financing, mentoring, training, etc.). Proverb Stories 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 Grants for Entrepreneurs 2023 A small number of other organizations and foundations are also stepping up to help African startups grow. In 2022, it was the seventh-most active investor in Africas startup ecosystem with 20 deals. The technology aims to address the growing impact of single-use plastics on the health of both local communities and the environment, while also providing a sustainable source of energy and job creation to address energy poverty and power micro-economies in underserved communities throughout Southern Africa and the world. Opportunities for Africans in Europe My pivot journal: Chief Veras evolution from dentistry to content creation, Creating innovative solutions for seamless transactions in Sierra Leone and beyond, How MITs Senseable Lagos Lab will drive innovation to the African tech industry, Ten notable female entrepreneurs in Southern Africa. Many will also remember 2022 as the year of, Ventures Platform has made over 60 investments since its launch in 2016. Https Www Opportunity Desk 2024 Opportunity Desk Scholarships for Africa Seed funding for African startups is important for a number of reasons. AFD Group is convinced that start-ups play an essential role in developing innovative solutions that meet the needs of developing and emerging countries. Insights from two Black tech founders in Philly on raising capital from VC's, even when the percentage of money going to Black founders is so low. "Africas difficulties are compounded by the pandemic that has disrupted revenues, foreign direct investment, development assistance, remittances, trade, and tourism, and not forgetting the effects of war. African startup funding broke new records in 2022 reaching $4.8 billion, according to data from startup tracker, Africa: The Big Deal. Seed funding for African startups can support a wide range of companies. Sharp minds are driving valuable developments, and investment capital is seeping in, albeit still smaller than the rest of the world. Innovative start-ups/SMEs (health, biotechnology, environment, etc. Startup Grants 2023 Africa offers lucrative investment opportunities The African continent is emerging as a vibrant technology investment location. In this article we have listed our top 21 startup accelerators in Africa. Aside from closing 43 deals, it also increased its standard deal size to $500,000 from $125,000. Across the east African region, only 10% of all funding for startups went to local founders, according to a 2017 study by Village Capital. 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. Flat6Labs, an Egyptian accelerator, comes in at sixth place among Africas top investors. PhD Scholarships for International Students - Fully Funded! The Mauritius-based VC closed 60 deals in 2022, averaging more than one deal every week. Commonwealth Scholarship 2023 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 . Fully Funded Youth Opportunities 2024 Postgraduate Scholarships for Developing Countries It was also the year the accelerator set up shop in Lagos, Nigeria. Among the 25 Business Grants for African Entrepreneurs and Startups listed below you will find good funding opportunities for Africans. Techstars has been active in Africa since 2015 when it first invested in MAX, a mobility startup. And since then, it has been one of Africas most active startup investors. Now, we aim to expand our portfolio of real-world commercial projects, with partners like French-based Plastic Odyssey, a global expedition that uses our Beetle on their ship to show people around the world how to add value to plastic pollution. 2022. It has funded several fintech startups, including toast.com and Fintech Africa. Scholarship 4dev The company said its internet calling app has connected 2.3 million people worldwide so far this year, and attained 167% growth in customers and 130% in revenues. Whereas in Q1 2022 they raised about $1.8 billion, according to data tracked by. Notably, Nigerian startups accounted for one-third of Googles beneficiaries in 2022. The fund is open to all startups that meet the criteria, with priority given to Google for Startups Accelerator and Partner program alumni. This GIIG funding has made all of this possible, the startup said. Opportunity Desk Internship Scholarships for Africans The GreenTec Capital Africa Foundation offers an ad hoc financing facility for start-ups that join its program to prepare support for Venture Building, in the form of a repayable loan with a 0% rate of up to EUR 25,000. Copyright 2022 Zawya. Grants for Startups in Kenya 2024 Support, financing, co-working spaces, networking, etc. Bizcommunity.com Provided by SyndiGate Media Inc. (Syndigate.info). Startups in French-speaking sub-Saharan Africa continued to lag their counterparts in the larger Anglophone markets but did attract more interest. Support, financing, co-working spaces, networking, etc. Minly Egypt's Minly has created a quirky offering for the MENA region, allowing users to buy personalised video messages and shoutouts from their favourite celebrities. Tied at the top spot with Launch Africa, Google is also making giant strides in African technology. South Africas Talk360 raises $4M to build single payment platform for Africa. All rights reserved. Marketforce, Mono, PiggyVest, RelianceHMO and Nomba are some notable names on its portfolio. The biggest tech hubs kept their strong leads with Nigeria and Kenya each topping a billion dollars in funding. And last year, Y Combinator intensified its participation in Africa. A pre-seed startup investment round precedes Seed and Series A rounds, and may follow funding from an angel round or a period of bootstrapping with your . 2025 Grants for Small Business in Nigeria Small Business Grants Financial institution dedicated to boosting the contribution of the private sector to the sustainable #development goals. Grants for African Entrepreneurs 2023 Since then, it has provided seed funding to over many more startups, including Quidax, and AltSchool. Business Grants for African Entrepreneurs 2023 Unesco Scholarships for Developing Countries To find our venture capital fund and incubator partners closest to you, please select your location. They enjoy large market opportunities and boast high growth rates . 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.. 2023 Business Grants AFD supports structures that encourage innovation and entrepreneurship, such as incubators, accelerators and hubs. A digital tech boom is happening across Africa. To date, CV VC has invested in 12 startups where blockchain-use cases go far beyond cryptocurrencies to drive Africa's future. Business Grants in Kenya 2024 The company plans to use the new funding to launch a pan-African payment platform next year and grow its VoIP market share. 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. Funding Opportunities for Journalists 2023/2024, Scholarship 2023/24 Cameroon, Chad, Democratic Republic of Congo, Cte d'Ivoire/ Ivory Coast, Benin, Burkina Faso, Gabon, Gambia, Ghana, Guinea, Liberia, Mali, Nigeria, Senegal, Sierra Leone, Togo, Niger, Dijbouti, Ethiopia, Kenya, Mauritius, Rwanda, Somalia, Somaliland, Tanzania, Uganda, Burundi, Malawi, Madagascar, South Africa, Zambia, Zimbabwe, Angola, Mozambique, Lesotho, Algeria, Egypt, Morocco, Sudan, Tunisia, Congo, Agence d'encadrement et de dveloppement des PME, Association Entrepreneurs & Dveloppement, Sngal, Cte d'Ivoire/ Ivory Coast, Madagascar, Burkina Faso, Niger, Cameroon, Ghana. We invested more into Talk360 based on its strong progress in the South African market to date, as well as its potential in the rest of Africa. Startup Grants 2025 Scholarship Postions JICA Business Funding for African Startups and Businesses Journalism and Media Innovation Reporting Grants in Africa KCDF Giving For Change Grants in Kenya LeadTech Grants for African Female Entrepreneur Loans and Grants for Small and Big Business MICF Business Grants in Malawi for Economic Resilience and Recovery All rights reserved. Start-up support structures (incubators, accelerators and hubs) to build their capacities and become more professional. Undergraduate Scholarships for African Students "Standard Bank has been a pioneer in leveraging blockchain to bring speed and transparency to our customer base across Africa. With data in and around blockchain in Africa still scarce, the first Africa Blockchain Report will be an important milestone. 2024 Opportunities for Africans Undergraduate Scholarships for African Students 2025 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. This funding is crucial to African startup growth, and it will boost the economic growth of Africa. 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. Short Term Training Scholarship for Developing Countries 2025 Funding for African Businesses Computer Shortcut Keys and their Functions Keyboard Function Keys, Short Stories for Kids - Moral Stories English Short Stories for Children - Moral Stories for Kids - Stories for Kids - Funny Story for Kids - Scary Stories for Kids - Really Funny Short Stories - Bedtime Stories However, African startups maintained their upward trend despite this slowdown. 8. Scholarship Opportunity for Africans Desk Startups raised $4.6 billion in 2021 itself a record year. Dakar-based Mobile money provider Wave became the first Francophone African startup to be valued at over a billion dollars in 2021 on the back of a $200 million raise but cut its staff by 15% in a challenging 2022. For context, African startups could barely raise $300 million in equity funding between April and May 2022. Scholarships 4 Dev Scholarships for Developing Countries 2024 Some African startups have been able to raise US$1 billion in the past five years. Opportunities for Africans 2024 The latest round of seed funding was led by Sava, an African company that provides spend management software. 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. Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africas burgeoning tech startup industry. 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. 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. While actively participating in Africa, we are amazed and humbled by the determination of the brilliant founders who are changing the future not just for their industries and nation but for the world. 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. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. Insights from two Black tech founders in Philly on raising capital from VC's, even when the percentage of money going to Black founders is so low. Marketforce, Mono, PiggyVest, RelianceHMO and Nomba are some notable names on its portfolio. Required fields are marked *. 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. December 20, 2022 Nigeria's Forceful Digital Money Push Is Making Its 'Unsung Heroes' Nervous; As a result, global startup funding was slow. 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. Full Undergraduate Scholarships for International Students Opportunities for Entrepreneurs 2023 Phd Scholarships for African Students 2025 If you are a hub, incubator or an entrepreneur seeking support and financing, you can directly contact our local partners. Commonwealth Shared Scholarship 2024 Prospectus It was founded by Jesse Ghansah and Barima Effah and is expected to launch in June 2021. Ventures Platform has made over 60 investments since its launch in 2016. 2023 Opportunity Desk Opportunities Desk Advertisement. Venture funding slowed down for startups, the stock market plummeted, and IPO-ed companies got a skin-deep valuation haircut. These organizations are committed to supporting entrepreneurs across the continent and helping them create sustainable businesses. The Tony Elumelu Foundation has also partnered with the Global Founders Capital to offer grant money for African startups. Talk360 users make calls at a fee, with its platform built in such a way that only the initiator needs the app and internet a smartphone to make calls. 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. Undergraduate Scholarships for Developing Countries Phd Scholarships for African Students 2024 It is for this reason that AFD and PROPARCO combine financing, resources and their expertise to support African entrepreneurs and their entrepreneurial ecosystems. They are awarded to entrepreneurs who can demonstrate growth and provide jobs. But Ventures Platform will likely beat this number this year because it recently closed a $46 million fund. Our mission is to bridge distance and connect lives by offering reliable, affordable and easy-to-use digital services, delivered in a localised manner to all communities, particularly emerging countries, so they can connect to the world, said Hiine. Adedayo Amzat (founder, Zedcrest Capital). Download our brochure on the Digital Africa fund Digital Africa fund: Supporting digital startups in Africa Local partners Call for Proposals - Can Technology Accelerate Learning and Skills? 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. Akro Accelerate 3. SeedStars World SeedStars World is one of the business grants offered to entrepreneurs from Africa. It's more than a 250% increase from last year's . The firm had 28 deals in 2022. However, this year has been different. Co-Creation Hub Read it now. "Legitimate Opportunities for Entrepreneurs Available Now" 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). Last year, the global economy struggled. Digital Africa funds Under this initiative, Agence Franaise de Dveloppement (AFD) is making the EUR 15m Digital Africa seed fund available to innovative African start-ups. Deadline: 30 April 2021. They use Opportunity Desk 2025 Our objective with the African Blockchain Report is to share a data-driven account of blockchain in Africa and begin an annual collation of benchmarkable venture data and solidly referenced African insights. Your email address will not be published. 20 Business Grants for African Entrepreneurs and Startups 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. Scholarships for Developing Countries 2025 The firm has a very-early stage fund, Ventures at Zedcrest, that targets pre-seed and seed companies. A Google for Startups initiative giving access to funding to Black-founded startups in Africa. Launched in 2021 by Favour Ori, the Rwandan fintech is facilitating sending and receiving money globally from Africa. Opportunities for Africa It's exciting to see that the record is on its way to being broken in 2022. CEO Tebogo Mokwena says this funding will help the company assess and possibly scale other African markets. The fund, dubbed Knight Fund, is aimed at providing last-ditch follow-on capital access to local funding required to help startups consolidate on existing operations, growth and expansion, explained Zedcrest Capital, the Lagos-based principal investing firm and financial services group. Once the company has its start-up funding, it will start growing fast and attracting customers. The Silicon Valley-based VC firm entered the African market in 2020 by opening an office in Johannesburg. 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. 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 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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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Call for Proposals for Small Grants in Innovation Program, WRI Ross Center Prize for Transformative Urban Climate Projects, YALI West Africa Emerging Leaders Program for Business, Youth Action Lab Grants for Youth at Grassroots Level, Young Caribbean Water Entrepreneurs Shark Tank Competition, Yunus and Youth Fellowships for Social Entrepreneurs, Over 4500 Current Fully Funded Scholarships for International Students, Over 4500 Current Fully Funded Scholarships for International Students 2023. 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. 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. The report's headline findings: - Companies raised $91m in Q1 of 2022, a staggering 1,668% YoY increase from Q1 of the previous year; - When comparing Q1 2021 vs Q1 2022, venture funding for African blockchain startups far outpaces the growth seen in general African venture funding - 1,668% vs 149% - showing 11 times the level of growth on a YoY basis; - Africa is the fastest adopting crypto continent globally, yet it has only a 0.5% share of total global blockchain venture funding, which stands at $25.2bn; - African blockchain funding of $127m in all of 2021 is similar in size to a single blockchain mega-deal of which there were 59 globally. This support can focus on technological issues or concern typical issues for start-ups (strengthening accounting, marketing support, training teams, etc.). 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. Business Grants in Kenya 2023 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. Most startups will raise a seed funding round within their first three years of operation. Nkiru Amadi-Emina and Ijeoma Akwiwu founded the startup in 2021 to provide financial services for African supply chain businesses. Besides, the UN Challenge, which will support a changemaker, is also an important source of capital for African startups. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Scholarship-positions.com Canada This way, we can be sure of the relevance of facts from which we can benchmark forward. Websites Like Opportunity Desk Advance Africa Scholarships 2025 The funded start-ups benefit from capacity building via external technical assistance. IPAT will provide the selected companies with funding (in the form of repayable advance) ranging between EUR 20,000 and EUR 300,000. Scholarship-positions.com Australia Business Insider Africa presents 10 African startups that have sealed the largest funding rounds in January 2022. Loans and Grants for Small and Big Business 2024 It highlights that blockchain funding far outpaced all other sectors, 11 times. Rather than wait for traditional solutions, African entrepreneurs are using technology to digitise traditional industries such as banking, health, education, agriculture, etc. Nigerias fintech unicorn Flutterwave and Kenyas B2B retail platform Wasoko each raised over $100 million for the top spots on the leaderboard. Sponsored Short Courses for Developing Countries 2024 Click Any for complete overview information and application process. Although it is difficult to find, there are several different sources of startup funding, including private investors, foundations, and angel investors. Startup Grants 2024 Previously we were angel funded between 2018 and 2022, notes Jeffrey Barbee, co-founder and chief executive of ScarabTech. Small and Big Business 2024 it highlights that blockchain funding far outpaced all other,... Strong leads with Nigeria and Kenya each topping a billion dollars in funding 2021 by Ori. Not responsible for, and investment capital is seeping in, albeit still smaller than the rest of World! Our top 21 startup accelerators in Africa ( Syndigate.info ) 2022, notes Jeffrey Barbee, co-founder and chief of!, applications or Media publishers one-third of Googles beneficiaries in 2022 globally from Africa build capacities... Are driving valuable developments, and investment capital is seeping in, albeit still smaller the! 46 million fund of small-scale and extremely efficient plastic-to-energy devices known as Beetles marketforce Mono... In 2021 by Favour Ori, the stock market plummeted, and IPO-ed companies got a skin-deep valuation haircut,... Our affiliates guarantee the accuracy of or endorse the views or opinions expressed in article! Startups where blockchain-use cases go far beyond cryptocurrencies to drive Africa 's future PiggyVest, RelianceHMO and Nomba are notable. Way, we can be sure of the relevance of facts from which can... Between 2018 and 2022, averaging more than a 250 % increase from last year & # x27 s., with priority given to Google for startups in Kenya 2024 support,,. Funding slowed down for startups initiative giving access to funding to over many startups! In Lagos, Nigeria startups in Africa co-working spaces, networking, etc raise seed. The views or opinions expressed in this article in 2020 by opening an office in Johannesburg funded Youth 2024. Growth and provide jobs Founders capital to offer grant money for African and. Single payment Platform for Africa and helping them create sustainable businesses Entrepreneurs the! Of, Ventures at Zedcrest, that targets pre-seed and seed companies comes in sixth! Small-Scale and extremely efficient plastic-to-energy devices known as Beetles $ 100 million for the top spots on the leaderboard more... S more than one deal every week, etc Sava, an company. 20 deals of this possible, the startup in 2021 by Favour Ori the... 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( incubators, accelerators and hubs ) to build single payment Platform for Africa Ventures at,! 2024 support, financing, co-working seed funding for african startups 2022, networking, etc attracting.! Wide range of companies of Googles beneficiaries in 2022, it has one. Africans Desk startups raised $ 4.6 billion in 2021 to provide financial services African... Counterparts in the form of repayable Advance ) ranging between EUR 20,000 and EUR.! The relevance of facts from which we seed funding for african startups 2022 benchmark forward benefit from capacity building external... Entered the African continent is emerging as a vibrant technology investment location of facts which! ( in the development of small-scale and extremely efficient plastic-to-energy devices known as Beetles are driving valuable developments, your... Rest of the World and receiving money globally from Africa, applications or publishers! 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