Incubators, innovation hubs and other structures dedicated to support entrepreneurship are flourishing today across Africa. They are precious and necessary growth drivers, and greatly reinforce innovators’ chances to acheive success in creating sustainable and job-creating businesses.
These structures are generally young, have different levels of professionalism, are often isolated, and lack the approriate ressources to grow. Access to financing is still a major difficulty for both incubators and startups, and an obstacle to innovation. Banks and private investors are hardly ever willing to fund the first steps of an entrepreneurial journey, whereas public policies are frequently ill-adapted to these innovators' day-to-day reality.
Faced with this observation, the French Development Agency (AFD) and a consortium of African incubators and French structures involved in innovation created Afric'innov, which aims at strengthening and professionalizing entrepreneurship support structures in francophone Africa.
During three years, this program will test direct services to incubators and new seed funding mechanisms. Afric'innov addresses all the support structures for innovative entrepreneurship in Africa or working with Africa.