Orange Côte d’Ivoire has launched a 350 million euro ($415m) technological investment fund to promote the growth of innovative startups in the fields of networking and information technology, digital industries, and cybersecurity.
This fund, known as Orange Venture, was announced during an information session and aims to target startups that provide solutions to the Ivorian market’s fundamental challenges as well as promote the emergence of future technological champions at the service of the transition to a more digital and responsible world. The fund’s administrators emphasize that the startups that will be backed will also benefit from the group’s resources and skills, as well as an international network, to help them expand faster.
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Obtaining a business angel can be difficult for startups with a concept that is likely to fail in the future. The goal of this fund, which has been successful in driving growth in Moja Ride, the first Ivorian startup sponsored by Orange Ventures, is to assist them in maintaining this idea by pushing its operationalization.
Orange Côte d’Ivoire startups fund
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer