Fuzé by Digital Africa Tech Startup in francophone Africa 2022
Early-stage businesses operating in francophone African nations are eligible to apply for equity capital from Fuzé, a Digital Africa investment facility, up to EUR50,000 (US$48,000).
President Emmanuel Macron introduced the Digital Africa initiative in 2018, a French government-backed organization that supports African tech entrepreneurs.
About Digital Africa
Digital Africa has understood the need to support startups at a critical moment in their existence, in the ideation phase, when the pressure of lack of funding prevents any development, despite the quality of the projects. Fuzé is a €6.5 million facility that invests in ideation and MVP-stage startups founded by African entrepreneurs. It is fully owned by Digital Africa and aims to address the lack of seed funding in Francophone Africa.
Aim and Benefits of Tech Startup
- A first ideation ticket: 20K EUR
- A follow-up ticket of 30K EUR
- Possibility to directly invest a ticket of 50K EURO
Requirements for Tech Startup Qualification
The company is less than 18 months old
The company is founded or co-founded by at least one citizen of French-speaking African countries
The startup has a tech component in its product or business model
The startup has operations (cost or profit) in a French-speaking African country.
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Interview date, Process and Venue for Tech Startup
Built in a partnership logic, FUZE relies on a network of actors operating on the continent to identify target start-ups and support them in their deployment. The process is done in 4 main steps:
Deposit application:
Provide some details about your company by completing the online application form.
Partner’s opinion
We contact your support structure to get to know you better
Analysis and evaluation of the startup
Our team examines your application carefully. If you meet our investment criteria, you move on to the pitch stage.
Decision
The investment team makes its decision and we finalize the investment together.
Application Deadline
Not Specified
How to Apply
For more details, visit the website.
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