Global Startup Awards Archives - AfricaBusiness.com

5Nov

By Africa BusinessNo Comments

Startups

African Startups to Play a Critical Role in Taking the Planet ‘from Tragedy to Triumph’ …But where will the funding come from?

This week, the 2021 United Nations Climate Change Conference (COP26) got underway in Glasgow, turning the world’s attention to the global climate crisis and the solutions needed to address this. But many solutions already exist… in Africa. “Whilst we are delighted that nearly 500 global financial firms have agreed to align $130 trillion - 40% of the worlds’ financial assets - to climate change and to limiting global warming to 1.5 degrees Celsius, now, more than ever, funding needs to be mobilised to scale innovations so they can have maximum impact. For this reason, the GIIG Africa Fund is seeking $100m in capital commitments to invest in tech and innovation in Africa over the next three years,” says GIIG Founding Partner, Mahyar Makhzani, a company set up to find, fund and grow Sustaina...

Sustainable Investment Opportunity for Future-fit African Startups Last chance to enter the Global Startup Awards Africa to qualify for the GIIG Africa Fund

While 2020 was a record year for investment into the African tech startup ecosystem, with more startups raising more money from more investors than ever before[i]- critics and commentators alike have often claimed that Silicon Valley-style investment frameworks are ill-suited to the continent’s diversity and nuanced need for funding. With investment into African startups considered key to the continent’s ability to leapfrog its socioeconomic development, Africa demands a new investment framework. This was the focus of a recent webinar hosted by Global Innovation Initiative Group (GIIG), the Global Startup Awards (GSA) Africa and Loudhailer, titled A New Funding Model for African Innovation. Unpacking the state of investments into African startups and why international investment framew...

First of Its Kind Fund Launches to Fuel Sustainable Development Goal-Driven Innovation in Africa

Focussed on catalysing dramatic change via disruptive tech investments in emerging markets, the Global Innovation Initiative Group (GIIG), has today announced the launch of a unique profit and purpose fund aimed at investing in early-stage tech innovation startups across Africa. The GIIG Africa Fund, a Curaçao-based private investment fund, will invest annually in the winners pool from the African region of the Global Startup Awards (GSA), the worlds’ largest independent start-up ecosystem competition. The aim: to stimulate entirely new industries, accelerate cross-border collaboration and unlock access to new markets across Africa. As the exclusive rights holder for the Awards, GIIG will have access to an active pipeline throughout the African continent comprised of vetted participants a...