Startups from member countries of the West African Economic and Monetary Union (UEMOA) will be able to benefit from financial support to boost their activities by participating in the 2nd edition of the “Tremplin Startup Uemoa” competition launched on September 24.
According to a press statement from the UEMOA commission, the five finest startups will receive $25,000, $23,000, $21,000, $19,500, and $17,700, in that order. Each country’s top three startups will receive an $8,800 incentive prize.
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The competition organized by the UEMOA commission in partnership with the UEMOA Regional Consular Chamber (CCR-UEMOA) and the National Consular Chambers (CCn) of UEMOA Member States, is open only to startups formally created after January 1, 2017 and active in the sub-regional space. It targets companies that use digital technology to help make the agro-industrial sector more efficient.
Overall, the UEMOA commission’s goal with this competition is to promote modern and innovative entrepreneurship while also supporting the activities of entrepreneurship support organizations in the sub-region, as indicated by -your.
The application period is available through October 25th, and applications can be submitted here. Applicants must first fill out an application form available in national consular chambers.
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The inaugural edition of the competition was won by Burkina Faso’s Start-Up TECO2.
Who Are UEMOA Member Countries?
The West African Economic and Monetary Union (Union Economique et Monétaire Ouest Africaine, UEMOA, in French) includes Benin, Burkina Faso, Guinea-Bissau, Ivory Coast, Mali, Niger, Senegal and Togo.
Tremplin Startup Uemoa Tremplin
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 write