Startup Tunisia has today announced the startups selected to participate in Air and Air2, two startup assistance mechanisms established as part of the Flywheel initiative.
14 companies were chosen to profit from Air’s advantages, which include, among other things, a subsidy of 30 thousand dinars each. The winning teams will use these money to build a prototype of their invention or to conduct market research.
Tagamuta Valley, Petsigo, Elastic Solutions, Aivataria, Funder, Neobionics, Rewav, Amal XM, Pixii Motors, Vagrok, Auzy, Lait Espoir, Tadreex, Relead, Upkurs, WaterSec, CareUp, and Hayat Tech are among the startups under consideration.
IntiGo, Kamouin, Ahkili, and Galactech are the four startups selected for Air2. Air2 serves as an investment advisor and awards grants ranging in value from 150 to 200 thousand dinars. This financial instrument is a hybrid: 60% grant and 40% repayable grant.
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The free, interest-free, and non-participatory reimbursement of Air2 is solely required in the case of the supported startup’s effective growth. Success is defined as achieving Series A financing (5x the amount of Air2) or achieving a cash flow that is advantageous to reimbursement (5x the amount of Air2).
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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