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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