Saturday, January 28, 2023
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Funding

The Algerian Startup Financing Fund has launched a $7.2 million fund to invest in the country’s most innovative startups

Tech Gist Africa by Tech Gist Africa
11/03/2021
in Funding, Launch, Middle East and Africa, The Big 5
0 0
0
Algerian Startup Financing Fund

Algerian Startup Financing Fund

0
SHARES
Share on FacebookShare on Twitter

At the National Conference of Startups “Algeria Disrupt 2020,” the Algerian Startup Financing Fund was officially launched.

The fund, which has raised $7.2 million in its first year, will focus on the country’s most innovative startups.

Yacine El Mahdi Walid, Minister Delegate to the Prime Minister, remarked on the sidelines of the occasion that the cash would be raised in accordance with needs and requests. Walid further mentioned that funding for prototype initiatives will be available soon.

The financing is aimed at aspiring entrepreneurs who have yet to launch a business. It will also be used as equity investments rather than the typical employment support program. Startups will be able to take advantage of new financing possibilities thanks to increased financial access.

624 startups accounted for nearly 63 percent of all inquiries, according to the Minister. Furthermore, 6,657 persons have registered on the official national startup website, with 2000 of them requesting the label.

The Minister Delegate emphasized that “building a knowledge economy necessitates the transfer of a material economy to an intangible economy,” but added that the fund “does not” follow the traditional approach of employment assistance schemes, instead of investing in startups through equity investments.

 

Read more on Tech Gist Africa:

Organon and Flat6Labs have launched a femtech Accelerator for female digital healthcare startups in the MENA region

Uganda Green Enterprise Finance Accelerator is now accepting applications from SMEs providing sustainable energy services

The third Google Startup Accelerator for the Middle East and North Africa is now accepting applications

ShareTweetShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Zuri Health Kenya
Funding

Zuri Health Receives Funding from Morocco’s UM6P Ventures

by Tech Gist Africa
01/26/2023
0

Kenyan healthcare startup Zuri Health has announced that it has received funding from Moroccan VC UM6P Ventures.  Founded in 2021,...

Read more
Galactech Tunisia, GBarena Egypt

Galactech, a Tunisian gaming startup, has been acquired by Egyptian esports platform GBarena

01/26/2023
Wafeq Dubai UAE

Wafeq, based in Dubai, has raised a $3 million seed round to expand into North Africa and GCC

01/26/2023
Africa Tech Ecosystem

Africa’s Tech Ecosystem raised $6.5 billion in 2022 – Partech Africa Report

01/25/2023
Africa Startup Initiative Program

11 Startups have been Selected for Cohort 3 of the Africa Startup Initiative Program (ASIP) Accelerator

01/23/2023
Next Post
Tesla Elon Musk

Elon Musk has become the first person in history to have a net worth of more than $300 billion

Catalyst Fund

Catalyst Fund invests in four Ghanaian digital commerce startups

Airtel Africa

Airtel Africa and UNICEF are collaborating to expand digital learning opportunities for African children

No Result
View All Result

The Big 5

Africa Tech Ecosystem

Africa’s Tech Ecosystem raised $6.5 billion in 2022 – Partech Africa Report

by Tech Gist Africa
01/25/2023
0

...

Africa Startup Initiative Program

11 Startups have been Selected for Cohort 3 of the Africa Startup Initiative Program (ASIP) Accelerator

by Tech Gist Africa
01/23/2023
0

...

macbook

Apple launches MacBooks with the latest M2 chips

by Tech Gist Africa
01/23/2023
0

...

amazon

Amazon has surpassed Apple to become the most valuable brand in the world

by Tech Gist Africa
01/23/2023
0

...

Earthshot Prize 2023

African startups are invited to apply for the $1.2 million Earthshot Prize

by Tech Gist Africa
01/19/2023
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.