For the 40th birthday of Proparco, the subsidiary of the Agence Française de Développement (AFD, French Development Agency) (www.AFD.fr) focused on private sector, AFD, Bpifrance (www.Bpifrance.fr) and the La French Tech (www.LaFrenchTech.com) have launched on 19 September the second edition of Digital Africa, a startup competition and digital innovation to support sustainable development in Africa. The first edition of the Digital Africa challenge, launched in October 2016, received more than 500 applications and rewarded 10 start-ups which convinced the judging panel on the potential impact of their innovation. Building on this success, AFD, Bpifrance and La French Tech have decided to renew the experience with the objective of offering a long-term support to the emergence of mature and solid digital ecosystems, catalysers of new economic opportunities.
Digital technology, a great accelerator of Africa’s development
Digital revolution is transforming the African continent. It’s an innovative catalyst that revolutionizes economies and societies. Ecology, energy, culture, education, artistic creation, governance, and media: digital technology has a transversal and multiplying impact in all those key sectors.
“Digital innovation is abundant in Africa. Africans are making a technological leap that accelerates the emergence of the continent. Through Digital Africa, AFD supports emblematic start-ups of the digital African ecosystems, and fulfils its mission of development in the service of education and innovation, in the digital age. Development is now moving in both directions, between the two shores of the Mediterranean” – Rémy Rioux, AFD Executive Director.
Nicolas Dufourcq, Bpifrance Executive Director claims “We are proud to participate in the Digital Africa challenge and to support 5 French start-ups in their development on the African continent which nowadays offers great opportunities. This challenge represents a straight continuation of our action for the internalization of enterprises and their cooperation with the African continent”.
“Innovation in Africa is showing extraordinary development, ecosystems are being structured, and start-ups are spreading across the continent. By promoting the links between French and African entrepreneurs today, our ecosystems are building a common future. Digital Africa is for French Tech an additional step to bring this ambition with Africa”, David Monteau, La French Tech Director, Ministry of Economy and Finance.
A fully customized program
All the startup winners of this second edition of the Digital Africa challenge will benefit from a high visibility and access an international network of partners, clients and investors. They will be part of a community that gathers the best talents of digital innovation in Africa and for Africa, in order to share experiences and good practices.
The 5 African winning startups will be accompanied by the AFD through an “acceleration pack”, a customizable, technical and financial support up to a 30.000 euros value.
The 5 French winning startups will be accompanied by Bpifrance up to a 10.000 euros value support pack to strengthen their expertise and develop new opportunities on the African continent: Bpifrance Université training, networking and discovery trip to Abidjan and Cape Town with the French entrepreneurs community in the French Tech Hubs.
“For a young startup, Digital Africa offers a great opportunity to gain a continental and international visibility.” – Dieu-Donné Okalas Ossami, E-Tumba, winning startup of the first edition of Digital Africa.
What are the selection criteria?
For the second edition of Digital Africa, startups are invited to propose innovative projects linked to the following themes:
- Territory (urban challenge, rural transformation, and Smart City etc.)
- Citizenship (e-government, civic engagement, activism, and alternative media etc.)
- Knowledge and creativity (education, formation, creative and cultural industries etc.)
- Environment and climate (green tech, clean tech, sustainable transportations, blue economy, and renewable energies etc.)
The relevance of the solutions proposed, their feasibility, sustainability and potential impact will be key criteria in the selection process divided in several steps:
- An extensive analysis of the projects, of their innovative nature and of their business model;
- A review of the pre-selected projects by AFD and Bpifrance experts;
- A final selection by a jury composed by experts of the technological and entrepreneurial ecosystem in Africa.
- Pauline Mujawamariya, Director of the Innovation Prize for Africa – African Innovation Foundation;
- Tidjane Deme, General Partner of Partech Venture;
- Emeka Okofore, TED Global, for Africa;
- Aissatou Sow, Director of Development in Africa, Intel Corporation;
- Erick Young, CEO Greentec Capital Partners.
Agence Française de Développement (www.AFD.fr), a public financial institution that implements the policy defined by the French Government, has been working for more than seventy-five years to combat poverty and promote sustainable development.
AFD operates on four continents via a network of 75 offices and finances and supports projects that improve living conditions for populations, boost a sustainable and inclusive economic growth, protect the planet and participate in the stabilization of fragile states and post-conflict situations.
In order to include the new digital concerns for development in its opportunities as well as in its challenges, AFD has set as a main objective to accompany the transformation of African economies and the promotion of human development through the stimulation of digital innovation.
Follow us on Twitter: @AFD_France; @AFD_en.
Bpifrance (www.Bpifrance.com) finances businesses from the seed phase to transfer to stock exchange listing, through loans, guarantees and equity. Bpifrance accompanies firms in their innovation projects on an international scale and in their export activities through a wide range of products. The support offered to entrepreneurs also includes consultancy, university, networking opportunities and accelerating programme for startups, SME and middle-market companies.
Thanks to Bpifrance and its 48 regional branches, entrepreneurs benefit from a close, unique and efficient support to accompany them to overcome challenges. More information on www.bpifrance.fr.
Follow us on Twitter: @Bpifrance; @BpifrancePresse.
About La French Tech:
La French Tech (www.LaFrenchTech.com) is the collective name for all those working in the French startup market. It is also an innovative public initiative in the service of this collective. For some years now, French Tech have as a group shown incredible dynamism, driven by a new generation of entrepreneurs, investors, engineers, designers, and other talented people. The French Tech mission is the team that coordinates within the Ministry of Economy and Finance the deployment of the actions of the French Tech initiative launched in November 2013 by the government and structured around 3 axes: federating the ecosystem of startups French, accelerate the growth of startups and spread French Tech internationally. The founding partners of the Initiative are: General Direction of Enterprises, General Direction of the Treasury, Ministry of Foreign Affairs, Caisse des Dépôts, Bpifrance, Business France, Commissariat Général pour l’Investissement.
More information on:www.LaFrenchTech.com.
Follow us on Twitter: @LaFrenchTech; Facebook: @HappyFrenchTech
Agence française de développement (AFD)