Open Startup has launched The Science Road, a new pan-African strategy to accelerate science, deep tech and research-led startups as the organisation celebrates its 10th anniversary. The initiative combines startup acceleration, early-stage financing through the new Openers First investment arm, and strategic partnerships with universities, investors and industry leaders to help African innovations move from research labs to global markets. The platform aims to strengthen Africa’s innovation ecosystem by supporting ventures in artificial intelligence, health, climate technology and other high-impact sectors.
Tag: startup investment Africa
Madica Expands Portfolio With $600K Investment in Three Startups
Madica has announced a $600,000 investment in three African tech startups—Kilimo Fresh, Hakimu, and Biovana—each receiving up to $200,000 in pre-seed funding. The startups will join Madica’s 18-month support program, which provides mentorship, training, and access to global investors. Alongside these investments, Madica has launched a comprehensive fundraising guidebook designed to help first-time African founders successfully raise pre-seed capital and navigate the venture ecosystem.
Madica Expands Portfolio With Two New AI Startups
Madica, the structured investment program for pre-seed African startups, has expanded its portfolio with two new AI-powered companies—Anavid (Tunisia) and Hypeo AI (Morocco). Each receives up to $200,000 and joins Madica’s 18-month program offering mentorship, global exposure, and investor connections. Madica also announced a strategic partnership with the African Business Angel Network (ABAN) to boost local investment flow and co-investment opportunities across Africa’s innovation ecosystem.