Ennovate Hub Launches its Venture Fund Platform
After years of providing incubation support to very early stage startups in Tanzania and across East Africa, Ennovate Hub is now launching its venture fund platform that seeks to strategically offer transformative venture building support and funding to proof of concept startups, and help them transition from PoC to becoming a successful company with high potential to scale beyond borders.
The platform is targeting tech startups across East Africa with little or no visibility to the current investment market. Our hope is to support them to improve their business operational capacity. Match them to expert talents to strengthen their team competency, facilitate partnerships for market acquisition, improve their technology and close initial funding gaps. We believe that through this venture building approach, we will see more tech enterprises with unique market value proposition realising their market potentials and be on their way to building a successful tech company in Africa.
The Ennovate Venture Platform combines two investment approaches to ensure that we attract investors to our ecosystem. It has Ennovate Venture Fund, which is curated to support 100 tech startups with no investment visibility across East Africa by 2022 and the Venture Marketplace, where VCs and Angel investors will have access to tech startups that have undergone our pre-investment due diligence. The investment marketplace is an open platform where investors can access and invest in tech ventures that are listed on our platform.
Through Ennovate Venture Fund Platform, we hope to connect our ecosystem to key startup stakeholders across borders and bring higher visibility to startups that are doing amazing work with their company. Link: www.ventures.ennovatehub.com to know about Ennovate hub visit: www.ennovatehub.com