AfricaGrow believes in Open Startup and supports the next 3 years to expand to Africa – Starting with the Global Immersion Week and the MIT Brain bootcamp as the first activity
TUNIS, Tunisia, March 7, 2023,-/African Media Agency (AMA)/- Open Startup (OST)-International, a non-profit organization dedicated to promoting entrepreneurship and innovation in the Middle East and Africa, has received a grant from its newest partner, AfricaGrow Technical Assistance Facility funded by the German Ministry of Economic Development and Cooperation. This three-year partnership will allow OST to expand its activities in Africa, supporting entrepreneurs and startups with resources, networks, and expertise to help them succeed.
AfricaGrow’s support for OST is an important milestone for the non-profit organization, as it demonstrates its commitment to developing a thriving startup ecosystem in Africa and beyond. OST’s mission is to connect different ecosystems and create opportunities for entrepreneurs, and this new partnership will allow them to achieve that goal.
As part of the new chapter, OST plans to strengthen the cross-border start-up community and focus on investment readiness with the help of partners such as BPI France, Go Ventures, and AfricInvest. The organization will also continue to build and develop deep technology in Africa through the Brain program, supported by partners such as IFC, AfrInvest, and the US Embassy in Tunis, in partnership with The Legatum Center for Development and Entrepreneurship at MIT, MIT Africa, and Instadeep.
To start this new chapter, OST is pleased to announce its first two activities, (1) the second edition of “OST Global Immersion Week” (OST GIW) – a regional event that will bring together experts, investors, ecosystem builders, startups, and other stakeholders from Morocco, Jordan, Senegal, Tunisia, added this year Algeria. The week is designed to foster cross-regional collaboration and offer a snapshot of the region’s startup ecosystem. The event, which will take place from March 13 to March 17, 2023.
(2) Brain MIT Bootcamp- a five-day training program aimed at supporting 30 researchers-scientists and delivered by representatives and experts from
Massachusetts Institute of Technology (MIT). The purpose of this activity is to contribute to the foundations of DeepTech in Africa. The event, which will take place from March 18 to March 22, 2023.
GIW agenda
- March 13: Welcome and Meetups
- March 14: Partnership Building Day & Technology Night
- March 15: Regional Ecosystems Day & Talk: Ecosystems in Africa
- March 16: Investor Day with Africinvest & Panel: Investing in Africa
- March 17: GIW Ceremony- A celebration and deepdive into the MEA region
Distributed by African Media Agency (AMA) on behalf of OST
About AfricaGrow
AfricaGrow is a Fund of Funds, managed by Allianz Global Investors and advised by DEG Impact, investing in pan-African and country-specific private equity and venture capital funds. Attached to this fund is a Technical Assistance Facility funded by the German Federal Ministry for Economic Cooperation and Development (BMZ) through KfW. By providing financing and technical assistance to portfolio funds, investee companies and actors of the African venture capital ecosystem, AfricaGrow aims to help businesses grow, expand operations, create jobs, and contribute to sustainable economic growth.
As such, AfricaGrow collaborates with local partners, associations, and accelerators to offer training programs, workshops, and networking events across the African continent. As part of efforts to support startup ecosystems in Tunisia, Morocco, and Senegal, AfricaGrow partners with OST.
About the OST
Open Startup (OST) is a non-profit organization that serves as a regional hub for startups in North Africa and the Middle East. OST’s mission is to foster entrepreneurship and innovation by providing access to resources, networks, and mentorship across the continent. Through various programs, OST supports startups and entrepreneurs in building and expanding their businesses, driving economic growth and creating jobs in the region.
OST cooperates with Columbia Engineering, Columbia Business School, US Embassy Tunis, Africa Grow, AfricInvest Group, Columbia Global Centers I Tunis, Columbia Global Centers l Amman, Drosos Foundation, Innov’i – EU4Innovation, Union européenne en Tunisie, France Expertise , and The Dot.
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