Tunisia startup labels - Afrikan Heroes

Tunisia Awards 14 New Startup Labels in December 2023, Total Reaches 988

January 17, 2024

In a ceremony held yesterday, Tunisia’s Ministry of Communication Technologies celebrated the issuance of 14 new labels to startups, marking a significant stride in the country’s commitment to fostering innovation and entrepreneurship. The event, overseen by the Minister of Communication Technologies, Nizar Ben Neji, also highlighted the accomplishments of two notable entrepreneurs, Rym Ben Dhief Akremi and Rym Bedoui Ayari.

According to an official statement released during the ceremony, these 14 labels were part of the December 2023 session, bringing the total number of labels granted in 2023 to 34. The same source revealed that an additional 20 labels had been awarded in the preceding months of October and November. The overall tally for labels awarded to Tunisian startups now stands at an impressive 988.

Among the distinguished recipients is Rym Ben Dhief Akremi, the former CEO of Topnet, who, after accumulating 27 years of professional experience, has ventured into entrepreneurship with the RSE Time project, securing the coveted startup Act label. Another notable awardee is Rym Bedoui Ayari, the CEO of WeFranchiz.

This recent achievement builds upon the foundation laid by Tunisia’s startup support project, initiated in 2018 with the implementation of the startup law. The legal framework, established through government decree no. 840 of 2018 on October 11, outlined the conditions, procedures, and deadlines for the awarding and withdrawal of startup labels. It also delineated the benefits associated with the startup designation and established the organization, prerogatives, and operational methods of the startup label award commission.

The Ministry of Communication Technologies had previously reported in 2022 that the cumulative number of labels granted reached 773 since the inception of the support project for startups and innovative SMEs. The startup law, enacted in April 2018, has played a pivotal role in providing a conducive legal environment for the management of innovative projects, enabling numerous young entrepreneurs to bring their innovative ideas to fruition.

With this latest round of label allocations, Tunisia continues to showcase its dedication to nurturing a thriving startup ecosystem, providing crucial support to those driving innovation and economic growth in the country. The success stories of Rym Ben Dhief Akremi and Rym Bedoui Ayari stand as testimony to the tangible impact of these initiatives on the entrepreneurial landscape of Tunisia.

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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.

A Total Of 773 Startup Labels Awarded Since Tunisia Startup Act Took Effect

October 17, 2022

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).

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.

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.

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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

Tunisia Makes History As It Grants 16 Startup Labels In Its First Ever E-Certification Ceremony For Startups

April 13, 2020

Minister of Communication Technologies and Digital Transformation, Mohamed Fadhel Kraiem

Tunisia is not allowing the coronavirus pandemic to disrupt its governance processes. The country’s ministry of Communication Technologies and Digital Transformation has granted, pursuant to Tunisia ‘s Startup Act, 16 startup labels and 10 pre-labels during the first certification ceremony for startups to be held online.

Here Is All You Need To Know

During the ceremony, the department assured that the March 2020 session of the “Startup Act” went smoothly, thanks to a full-digital journey.
The first E-labeling ceremony for Startups took place in the presence of members of the college and the executive team of the “Startup Act”, as well as those responsible for the new Labeled Startups.
During this E-ceremony, the Minister of Communication Technologies and Digital Transformation, Mohamed Fadhel Kraiem, welcomed the contribution of Startups in the national effort to fight against the Corona virus through their digital solutions and applications , some of which are already used in vital sectors such as the health sector.
The Minister took the opportunity to present his best wishes to the Tunisian community of Startups on the occasion of the 1st anniversary of the “Startup Act” officially launched on April 05, 2019 and which already has 12 labeling sessions, 416 applications via the Startups portal, 248 Labeled Startups and 42 Pre-labels granted not yet transformed.
He praised the commitment of the College of Startups and the executive team of the “Startup Act”, comprising government officials and volunteers from the private sector and civil society.

Also Read: South African Real Estate Startups Shock Other African Startups With This New Move

The Tunisian Startup Act Has Given Startups In The Country A Voice

Unarguably, Tunisia leads other African countries in bold startup legislations. The Tunisian Startup Act, passed in May, 2018, puts in place the following measures in favour of startups:

Tunisian Startup Act defines startups as an entity having legal existence not exceeding eight (08) years from the date of its constitution.
More than two-thirds (2/3) of Tunisian startups’ capital must be natural persons, venture capital investment companies, collective investment funds, investment, seed money and any other investment body according to the legislation in force or by foreign Startups to qualify as startups under the Act.
The business model envisaged by the Tunisian Startup Act is one that is highly innovative, utilizing cutting-edge technology.
Under the Act, any individual promoter of a Startup, public agent or employee of a private company, may benefit from the right to Startup Leave for creation of a Startup for a period of one year renewable once
Any promoter of a Startup may benefit from a Startup scholarship for a duration of one (01) year. Only three (03) shareholders and full-time employees in the relevant Startup may however benefit from the scholarship awarded.
Young graduates who create startups are free from taxation for three years.
The profits from the sale of the securities relating to the shares in the Startups are exempt from the capital gains tax.
Startup labels are also part of the innovations Tunisia’ s Startup Act has introduced.

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.