Digital Africa seed fund

The Agence Francaise De Development (AFD) is working with six implementing partners to improve funding opportunities for innovative African digital start-ups by 2022.

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.

Under this initiative, the AFD is making a 15 million Euro Digital Africa seed fund available to local partners in this space.

These partners are all experts in supporting and financing digital technologies. Acting as a “window”, each partner offers a specific program and activates their financial instruments to implement the fund locally.

Capacity building for hubs, incubators and accelerators

AFD supports incubators, hubs and accelerators that promote innovation and entrepreneurship.

Afric’Innov & AfriLabs

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These two professionalization and capacity building programs help you support innovative start-ups.

If you are a hub, incubator or an entrepreneur seeking support and financing, you can directly contact our local partners.

Financing for digital start-ups in the seed phase

AFD Group is an active partner that combines long-term financing and technical and strategic assistance.

With its Digital Africa seed fund, AFD is supporting four programs to assist and finance digital start-ups right from the start of their activity.

Catalyst program
- Financing of up to EUR 60,000 alongside the investment of a business angel

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Catalyst is a multi-stakeholder initiative that aims to increase the capital reserve available for promising African entrepreneurs in the growth phase, and to support the start-up ecosystem, including hubs and the business angel networks. For growing start-ups, Catalyst provides additional financing (up to EUR 60,000) alongside the investment of a business angel.

FIND OUT MORE HERE OR HERE

Venture Building program
- 0% loan of up to EUR 25,000

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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. Candidate SMEs will be analyzed to assess their development potential in order to validate the relevance of financial support.

FIND OUT MORE HERE

Catalyzing Digital Start-ups Operating in Africa program
- For financing of up to EUR 300,000

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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.

FIND OUT MORE HERE

I&P Afrique Technologies program
- Average financing of EUR 20,000 to EUR 300,000

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The program supports 10 to 15 African digital start-ups and gives them access to appropriate financing and expertise. IPAT will provide the selected companies with a repayable advance ranging between EUR 20,000 and EUR 300,000.

FIND OUT MORE HERE

OR FOR ANY FURTHER INFORMATION VISIT: https://choose-africa.com/en/offres/1-start-up-en/#375-wpfd-digital-africa-seed-fund

publie le 29/01/2020

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