Monday
May 2
2022

First of Its Kind Fund Launches to Fuel Sustainable Development Goal-Driven Innovation in Africa

Focussed on catalysing dramatic change via disruptive tech investments in emerging markets, the Global Innovation Initiative Group (GIIG), has today announced the launch of a unique profit and purpose fund aimed at investing in early-stage tech innovation startups across Africa.

The GIIG Africa Fund, a Curaçao-based private investment fund, will invest annually in the winners pool from the African region of the Global Startup Awards (GSA), the worlds’ largest independent start-up ecosystem competition. The aim: to stimulate entirely new industries, accelerate cross-border collaboration and unlock access to new markets across Africa. As the exclusive rights holder for the Awards, GIIG will have access to an active pipeline throughout the African continent comprised of vetted participants across venture capital stages engaged in categories linked to the United Nations Sustainability Goals and megatrends of the 2020s.

Source: Zawya (link opens in a new window)

Categories
Investing, Technology
Tags
impact investing, innovation, startups, sustainable business, tech