Scaling
up Startups for Development
Supported by UNECA and Google in collaboration with Origin Research and Innovation Labs and the Alliance of Entrepreneurial Universities in Africa
Background
The second Forum of the Alliance of Entrepreneurial Universities in
Africa (October 2023) resolved to encourage African universities to inspire
their communities of researchers, students, staff and partners to directly
generate one million startups and $100 billion in revenues. This target is
aligned with Agenda 2063 target of at least 25 per cent of firms will originate
from technological breakthroughs and innovations commercialized by African
citizens. With its youthful populations, the student population of African
universities are growing by double digits between 10% to 22% annually. By 2033,
about 40-50 million youths and researchers will have passed through Africa
universities. With the right environment and support mechanisms, this youthful
educated population can seed, build and grow sustainable businesses that may
employ millions and create wealth.
It is against this background that ECA and Google have signed an
agreement to join forces to support startups in the ECA-led Alliance of
Entrepreneurial Universities in Africa and those in the Google’s Startups for
Sustainable Development. The initiative will make available to startups in
Africa access to highly experienced mentors and funding; and will connect them
with peers and industry leaders that can help firms to grow and meet their
desired targets. In addition, universities with hubs and enterprise development
programs can serve as support platforms to which Google and other partners can
refer their startups.
Who
is the target?
This
call targets only spin-offs, nascent and startup firms in incubators; those
that have left incubation and innovation hubs; and those that are already in
the market with actual products (i.e. goods and services) and clients/customers.
This call is NOT for business ideas and research products yet to
be commercialized.
What
is in it for you?
You
will have access to some of the best mentors and coaches you may not afford to
hire; get business, technical and funding opportunities and suggestions; and be
connected to other doers with whom you may exchange experiences, collaborate,
partner and/or trade. It may also bring additional exposure to your business
for free.
Eligibility
criteria
All
startup firms or spinoffs – commercial and social enterprises founded or
conducting business in Africa are eligible to participate. Businesses from all
sectors are welcome and those from universities are encouraged. However, your business
should be at least three (3) years old – be it formal or informal. All are encouraged to apply, especially women and youths.
Support
documents
A support letter from at
least one partner is required.
Send
your applications to
Complete the application
here and/or send it to:
Asfaw Yitna – yitna@un.org