Facilitating Sustainable Investment in Digital Economy
About the Ennovate Venture Fund
After years of supporting tech startups in Africa through ennovate hub’s incubation program, we have since noticed venture development gaps that has consistently hindered the growth of most innovative and disruptive startups from moving from proof of concept to growth stage. Startups go through quality programs to improve their business ideas and proof business concept, but then they lack operational capacity to build a successful and scalable venture with high growth potentials. This has led us to designing a venture building fund that is targeting early stage tech startups that is combining both social and economic impact in East Africa. The 5 million dollars fund will be used to support startups in business process optimization, technology improvement, expert sourcing and talent development to improve team capacity, facilitate market linkages and corporate partnerships and offer bridging funds to help them transform into successful and sustainable ventures.