In a bid to accomplish the United Nations Agenda 2030 and agenda 2063 of the Africa Union, an international non-governmental organization, Lead Africa International, has pledged to support up to twenty, (20) startup businesses with 100,000 euro.
The Managing Director of Baden-Wurttemberg Development Cooperation Foundation, Philip Keil, disclosed this at the opening of a three-day hybrid event in Lagos, tagged: StartUp Afrika.
According to him, the program is designed to support innovative startups through intercontinental exchange and network plus funding.
He explained that 100,000 euros is set aside to support 20 companies that will be elected at the end of the workshop, which will be divided based on their needs after their pitches.
Also, to promote Baden-Wurttemberg, and Africa actors to build networks for the sustainable economy which will affect both African and German markets positively,
To enhance partnerships between African and German setups create room for networking and knowledge solutions that could further launch their businesses.
He stated that Nigeria is one of the biggest economies in sub-Africa, with so much growth and so many potentials, hence their interest in coming to support startup businesses to cooperate with the Western world through technology transfer and learn a lot of their solutions.
“Startups are small companies but play a key role in economic growth. They create more jobs which mean more employment and consequently leads to an improved economy.
This initiative showcases some of Africa’s top social entrepreneurs and pioneers in diverse fields, who are creating prototype solutions across both tech and non-tech divides to help Africa solve its critical challenges around digitization, fashion industry, clean-tech, and climate change, education, etc., and will leverage new technologies to create innovative solutions that have a significant on society or the environment.
Source : https://theeagleonline.com.ng/lead-africa-pledges-e100000-for-20-african-startups/