216 Capital and Plug and Play Team Up to Propel Tunisian Startups
In a significant boost for Tunisia’s burgeoning tech scene, venture capital firm 216 Capital has joined forces with Plug and Play, the renowned Silicon Valley innovation platform, to launch the 216 Capital Venture Accelerator. This strategic partnership signifies a concerted effort to empower local startups and position Tunisia as a prominent innovation hub within Africa and the Middle East and North Africa (MENA) region.
Driving Innovation: The 216 Capital Venture Accelerator
The six-month accelerator program will provide crucial support to up to 20 Tunisian startups, equipping them with the resources and guidance needed to secure investment and scale their operations both regionally and globally. Participating startups will receive a substantial initial funding injection of $58,000, with the potential for additional follow-on investment for those that demonstrate exceptional performance. Beyond financial backing, the program offers tailored mentorship from an impressive roster of international investors, venture capitalists, and experienced coaches. Participants will also gain invaluable access to Plug and Play’s extensive global network, which includes investors, mentors, and corporate partners, fostering opportunities for collaboration and growth. The initiative has the backing of Smart Capital and the ANAVA fund of funds, underscoring its alignment with Tunisia’s national strategy for fostering a thriving startup ecosystem. This combined approach hopes to create an impactful ecosystem for African tech and innovation.
This collaborative venture promises to be a game-changer for Tunisian entrepreneurs. By providing essential funding, mentorship, and access to a global network, the 216 Capital Venture Accelerator is poised to nurture the next generation of successful Tunisian startups, driving economic growth and solidifying Tunisia’s position as a leading force in the African tech landscape.
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