Tunisia’s Ministry of Communication Technologies has recently awarded 19 new start-up labels for the September 2022 edition, bringing the total number of labels granted to 773, since the effective launch of the support project for startups and innovative SMEs.
The awarding ceremony of these labels was chaired by the Minister of Technologies and Communication, Nizar Ben Néji, according to a press release published by the ministerial department on its “Facebook” page.
Tunisia launched in March 2021, the project of start-ups and innovative SMEs, with funding from the World Bank (WB).
This initiative is part of the national “Emerging Tunisia” program aimed at making the country a distinguished interregional platform for the mobilization of African and global start-ups.
This project will finance the Fund of Funds, launched on the same date for 40 million euros (about 126.8 million dinars) during the first stage and should reach 200 million euros (634 million dinars).
Read also A Look At The 26-Year-old Algerian Yacine Oualid, Africa’s First Ever Minister of Startups
This fund, co-financed by the World Bank and the German Development Bank, will strengthen the dynamics of start-ups through the creation of secondary investment funds specializing in the financing of start-ups and their support in the different phases of their development. growth.
For the record, Tunisia decreed in April 2018 the start-up law designed as a new legal framework for the management of innovative projects, which has enabled many young promoters to crystallize their project ideas.
Read also How Nigerian Tech Startups Raised Over $2bn From 2015 to 2022
Government decree no. 840 of 2018, dated October 11, 2018, also established the conditions, procedures, deadlines for awarding and withdrawing the start-up label and the benefits under start-up, as well as to establish the organization, prerogatives and business management methods of the start-up label award commission.
startup labels Tunisia startup labels Tunisia
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh