Early-stage businesses with operations in francophone African nations are eligible to apply for equity capital from Fuzé, a Digital Africa investment facility, up to EUR50,000 (US$48,000).
President Emmanuel Macron introduced the Digital Africa initiative in 2018, a French government-backed organization that supports African tech entrepreneurs.
Businesses can receive EUR20,000 (US$19,000) in capital through Fuzé, which is now available to startups from Rwanda, Morocco, Senegal, the Ivory Coast, and Tunisia but will soon be accessible throughout all of Francophone Africa. This funding is followed by a EUR30,000 (US$29,000) SAFE investment.
The space is reserved for business owners that are developing or have just launched a tech startup; these businesses must be under 18 months old.
They must also have a tech aspect in their product or business plan, have operations in a French-speaking African country, and have been created or co-founded by at least one citizen of those nations.
Eligibility Criteria
- The business is under 18 months old.
- At least one inhabitant of a French-speaking African nation created or participated in the founding of the business.
- The startup’s product or business model incorporates technology.
- The startup operates in an African nation that speaks French for business purposes.
You can click here to apply.
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