The Agence Française de Développement and Bpifrance have together launched a digital innovation competition open to African and French start-ups working for development in Africa.
Dubbed “Digital Africa Start-up Challenge“, the innovation competition aims to promote the development of digital start-ups in Africa. Applications by both African and French start-ups is open till November 15 2016.
According to Rémy Rioux, Director General of the AFD: “Digital technology may be an incredible accelerator of sustainable development in Africa, on condition that each entrepreneur is able to benefit from the innovation springboard. The Agence Française de Développement wants to accompany this wave of transition, which offers new trajectories for growth, by supporting southern entrepreneurs whose projects are promising for the continent and by promoting interactions between northern and southern entrepreneurs.”
The Agence Française de Développement (AFD), a French public financial institution active on four continents finances and supports projects that improve the living conditions of populations. The two firms are inviting startups in fintech, health, environment-energy and agricultural sectors to facilitate the emergence of new solutions for development.
Out of the eight startups-two from each category, a jury will choose two start-up winners, one African and one French, in each of the four sectors (i.e. eight start-ups). Another two start-ups, one African and one French will be selected by online voters. The ten startups will be invited to come and present their project and meet partners during the 27th Africa-France Summit, to be held at Bamako on 13 and 14 January 2017.
Nicolas Dufourcq, Director General of Bpifrance, declares: “The technological leaps occurring in Africa and the emergence of a young middle-class have created exceptional development opportunities for African and French companies. We are proud to participate in this competition, which is in line with our actions for promoting the internationalisation of companies and cooperation with the African continent.”
The two firms say Africa is more and more connected, has a rapid adoption of mobile telephony, and has become a continent of digital innovation. These innovations are expected to enable digital entrepreneurs to propose new products and services in all economic sectors.