The AfricArena Grand Summit, a week-long series of activities aimed at accelerating entrepreneurs’ initiatives in the quest to become the continent’s next leading unicorn, attracts more than 75 startups from across the globe to Cape Town. Participants will conduct in-depth research into pipeline value chains, hear presentations from leaders of successful enterprises, and investigate some of the most exciting ecosystem trends and growing markets on the African continent. It has joined the IT investment ecosystem to gather speakers from Africa.
This year’s biggest tech event will focus on local digital economy solutions. AfricArena has attracted some of the most notable seed-to-series B start-ups from all around Africa, Europe, and Korea. With help from the venture capital and EOS tech communities, it has held four regional events this year that have shown off several promising tech startups.
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A pipeline for African startups
AfricArena CEO Christophe Viarnaud said, “This further places AfricArena as the major ecosystem bridge between Africa and the rest of the world as we look ahead to growing deal flow on the continent to greater ticket sizes and more collaborative value chains”. Some of the most sought-after investors and ecosystem builders from Europe, Egypt, Kenya, and other African nations will attend the event. It shows their role as an ecosystem creator, investor, and technical service provider for the African start-up and tech arena.
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Ten European start-ups with the desire to grow into Africa via a soft-landing program will be featured alongside AfricArena by FSATLabs and Enrich in Africa. In November, it will show 10 series A startups from Korea. The Dutch Entrepreneurial Development Bank, FMO, and AfricArena are hosting a corporate open innovation challenge.
The FMO Sustainable Technology Challenge will aid agritech, fintech, and energy access firms in Ghana, Morocco, and Tanzania. AfricArena’s Grand Summit will highlight these projects. The International Trade Centre, WTO, and UN will urge African start-ups to attend. This boosts technological growth on the continent and business in other developing nations.
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AfricArena promotes African startups
The AfricArena Africa Summit brings together potential start-ups from the subcontinent with venture investors and other start-up ecosystem participants. Smart Capital is the conference’s second-year sponsor. If a global company bought a local start-up, it would give the founders and the whole ecosystem a boost. It should legitimize the country’s tech effort. The Startup Act, which offers a legislative fast-track for firms that meet the requirements for an official label, is one example of this assistance. Smart Capital, a private company, also runs the ecosystem backed by the government and helps entrepreneurs and businesses, from startups to series investments.