Startups Tunisia - Afrikan Heroes

23 Tunisian Startups Named As Beneficiaries Of Startup Tunisia Funding

March 14, 2022

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.

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).

Startup Tunisia Startup Tunisia

Egyptian Logistics Startup Bosta Secures Pre-Series B Funding, Expands To Saudi Arabia

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

Tunisia And Italy Team Up To Build A Common Startup Ecosystem

March 19, 2021

African-tech-startup-funding-rises-51-to-195M-in-2017

The “Lab Innova for Tunisia 2021” initiative launches actions to develop innovative collaborative projects between Italy and Tunisia in order to build a common startup ecosystem. Funded by the Made in Italy Extraordinary Plan, the project is managed by ICE — the Agency for the Promotion Abroad and Internationalization of Italian Companies — in cooperation with the Italian Embassy in Tunis and in partnership with the local counterparts Smart Tunisia, Smart Capital, Smart Tunisian Technoparks, Sousse Competitiveness Pole and Sidi Thabet Pole.

Here Is What You Need To Know

The project is part of an integrated development path for 20 Tunisian startups operating in technological innovation of products and services that can lead to partnerships in areas of common interest such as robotics, agritech & smart agriculture, MedTech and ICT (Blockchain, cybersecurity and artificial intelligence).

In Africa, the Lab Innova format has already been implemented in Ethiopia, Angola, Mozambique and Uganda, generally for small and medium enterprises and with a focus on Agritech.

For the first time, given the unique situation of Tunisia, a country with a better structured production scenario, the project will focus more on startups and more strategic sectors.

Tunisia recently approved measures to encourage startups to generate innovation and launch new talent. These measures led to the Startup Act 2018, which developed the legal framework for Tunisian startups, and subsequently for financial tools to help startups through different phases of development, such as the Fund of Funds program. Although the Tunisian startup ecosystem is still in its infancy, several examples of excellence make Tunisia one of the most innovative countries in Africa.

A total of 20 startups among those selected and certified will have access to specialized training.

“The spirit of the project”— declared Donatella Iaricci, director of the ICE — Agency in Tunis — will be to create the conditions for development according to uniform models to consolidate commercial and industrial collaboration relations between Italy and Tunisia, “especially in highly technological sectors ”.

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

Italy Tunisia startup ecosystem

4 Tunisian Startups Form The First Cohort Of The Central Bank Of Tunisia’s Regulatory “Sandbox”

January 27, 2021

4 Tunisian startups have been chosen to be part of the first cohort of the sandbox of the Central Bank of Tunisia, that is to say a test environment for their products. The chosen fintech companies are Kraoun, Instaclear, TLedger and Sqoin & Coinsence. The companies will test and validate their fintech solutions in order to have them approved. The duration of the trial period is 9 months.

During the testing period, candidates will provide solutions related to customer identification, cryptocurrency, cross-border clearing and digital core money creation through cutting-edge AI and blockchain-based technologies.

A Regulatory Sandbox refers to a process that determines the development of the fintech industry in a structured way. Financial products and services are based on new technologies that can be tested in the sandbox without meeting all regulatory requirements. At the end of the testing period, all participants who meet the standards of the regulators’ test criteria can apply for authorization or approval.

This allows existing financial institutions and new entrants to experiment and innovate their financial services over a period of time.

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

Tunisia sandbox

Tunisia’s Chamber of Commerce To Fund Startups Under New Scheme

July 14, 2020

The Sfax Chamber of Commerce and Industry, Tunisia has just launched a national call to support the development of entrepreneurship among young Tunisians. The general objective of this call is to identify and select 25 young entrepreneur candidates with an innovative project idea, to finalize and develop, in different sectors like tourism, digitalization, services and l food industry.

Applicants wishing to participate in this call must submit their applications before August 15, specifies the Sfax Chamber of Commerce and Industry on its website.

Tunisia Startup Act to boost African tech ecosystem and innovation ...

This call is part of the Med microfinance support system for start-ups “MEDSt @ rts” project, funded by the European Union. MEDSt@rts aims essentially to promote access to credit for holders of usually “non-bankable” projects and support the creation of new economic and professional opportunities capable of contributing to social inclusion and the fight against unemployment of economically fragile people (young people, women, disabled and unemployed).

The young entrepreneurs selected will follow an entrepreneurial training course, with the final aim of obtaining financial support for the realization of their project idea. This project will have significant economic and social benefits, contributing to the creation of a favorable environment for entrepreneurship, innovation and employment, says the same source.

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.