AfricArena announces partnership with FMO and presents its winners

(AFRICARENA) – On June 14, 2022, AfricArena transformed the world’s largest startup incubator, Station F, into a stage for African tech entrepreneurship. More than 45 African startups, from the seed phase to the growth phase, spent the day presenting their projects to foreign markets, thanks to the various delegations and the support of ITC, Wesgro, La French Tech, Founder Family, Bond’innov and FSATLabs. More than 60 African startups participated in the investment speed dating with more than 100 investors. Additionally, AfricArena announced its partnership with FMO to support 10 startups through the AfricArise program.

The FMO Sustainable Tech Open Innovation Challenge will support several agri-tech, fintech and energy access ventures focused on Ghana, Morocco and Tanzania. These companies will participate in pitch competitions at AfricArena regional summits in North Africa and East Africa. Winners will be presented at the AfricArena Grand Summit in early November 2022.

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Marieke Roestenberg, FMO Ventures Program Manager, said: Our partnership with AfricArena is part of our journey to promote and support the thriving sustainable technology ecosystem, including agritech, fintech and energy access business models. , especially in new technology hubs in Africa. We look forward to supporting AfricArena and collaborating with the wider consortium to accelerate startups in these sectors.

Viva AfricArena

Over 350 in-person attendees and over 1500 virtual spectators joined us to showcase Africa’s top disruptors. More than 16 speakers and 28 investor jury members took part in the day-long summit and hosted a series of panel discussions, informal discussions and keynote addresses in an effort to expedite attendees’ journey from ecosystem to the latest African tech news.

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A word from the General Delegation for Rapid Entrepreneurship for Women and Youth – DER, represented by the General Delegate for Entrepreneurship Madame Mame Aby

Keynote addresses and fireside chats included Keet Van Zyl (Knife Capital), Henri Zietsman (AWS), Catherine Young (Thinkroom), Mareme Dieng (500 Global), Ben Marrel (Breega), Hangwi Muambadzi (CommerzVentures) , Zach George (Launch Africa), Robert Haynie (FMO), Matsi Modise (Simodisa), Haifa Ben Salem (ITC) and many more.

The circle of winners

  • Most Promising Entrepreneur: Sermomed (South Africa) – CEO: Anne Gabathuse
  • Better balance from Africa to Europe: Yobante Express (Senegal) – CEO: Oumar Basse

  • Best balance of Europe in Africa: Kamahu (Paris) – Founder: Kilian Delorme

  • Most innovative business model: Liquidgold (South Africa) – CEO: Orion Herman

  • Most attractive investor: Launch Africa (South Africa) – Fund manager: Janade Du Plessis

The 10 best start-ups selected to participate in VivaTech

All winners pitched on the VivaTech stage on Friday, June 17 at the AfricArena Track, further showcasing PayGenius, Tripoli, Brayfoil Technology, Survey 54, Laina Finance and FBC.AI.

After 10 consecutive presentations, the overall winner of the VivaTech AfricArena showcase was Matthew Bray, from Brayfoil Technologies, a South African sustainable energy technology.

Brayfoil Technologies is building the future of wind turbine blades – patented biomimicry-inspired flexible structures that change shape like a bird’s wings. This technology can be incorporated into large wind turbine blades to reduce unnecessary loads, resulting in larger, more efficient, more reliable and cheaper devices per MW. We are able to reduce operating loads by up to 20%, storm loads by up to 90%, and decrease sensitivity to wind speed disturbances by up to 60%. Conservative estimates equate to an increase in blade length of 13% with no increase in blade root structural strength. The result is an increase in nominal power by 23%, annual energy production by 25% and a reduction in the cost of energy (LCOE) by 20%. If widely adopted, this system could reduce greenhouse gas emissions by 43 gigatonnes of CO2 by 2050.

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About AfricaArena:

AfricArena, headquartered in Cape Town, is the most impactful technology ecosystem accelerator and deal flow platform in Africa. In its sixth year of existence, AfricArena has operated in three key spheres that underpin Africa’s economic landscape: tech startups, corporates and investors (i.e. angel investors, VCs, corporate VCs and other institutional investors). Through open innovation challenges, in partnership with businesses, AfricArena has brought these three spheres together, to encourage co-investment and collaboration that can move the continent’s economies and people forward. The AfricArena Grand Summit 2022, preceded by 4 regional summits in Johannesburg, Dakar, Tunis and Nairobi, will take place in Cape Town in November 2022. AfricArena aims to create connections and opportunities between startups, investors and established companies, but also between the African continent and the rest of the world. AfricArena aims to be a bridge between international and African technological innovation ecosystems. To know more

About FSATLabs : The French South African Tech Labs is an early-stage business incubator that helps founders of digital startups move from concept to customer.

About AWS : Amazon Web Services, Inc. is an Amazon subsidiary that provides on-demand cloud computing platforms and APIs to individuals, businesses and governments on a pay-by-meter basis. These cloud computing web services provide distributed computing capacity and software tools through AWS server farms.

About Bond’innov: Bond’innov is a structure that supports responsible impact entrepreneurship in connection with emerging territories.

About the Founding Family: In 2009, a group of entrepreneurs decided to come together to promote inclusive growth as a priority in Africa and also in emerging countries around three main axes: Innovation, entrepreneurship and employability. Their motto “Serious, without taking themselves seriously” The “Founder Family” was born.

About ITC: Funded by Trust Fund IV from Canada, Denmark, Finland, Ireland, Norway, Sweden and the Netherlands, the #FastTrackTech project is implemented by the International Trade Centre. Thanks to a coaching and targeted training offer, the #FastTrackTech project has been committed, since October 2019, to digital entrepreneurs who aspire to international growth in Benin, Côte d’Ivoire, Ethiopia, Mali, Rwanda, Tanzania and Zambia.

About Wesgro: The official tourism, trade and investment promotion agency for Cape Town and the Western Cape.

About Viva Tech: VivaTech is the global meeting place for startups and leaders to celebrate innovation. It’s a gathering of the world’s brightest minds, talents and products.

About FMO: FMO is the Dutch business development bank. As a leading impact investor, FMO supports sustainable private sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. FMO believes that a strong private sector drives economic and social development and has a proven track record for nearly 50 years of empowering people to use their skills and improve their quality of life. FMO focuses on three sectors that have a strong impact on development: financial institutions, energy, and agribusiness, food and water. With a commitment portfolio of €9.3 billion spanning more than 85 countries, FMO is one of the largest bilateral private sector development banks in the world. For more information, please visit www.fmo.nl.

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