AfriLabs and Algeria Venture Forge Partnership to Drive Sustainable Growth and Development in Africa
AfriLabs, the largest pan-African innovation-focused organization empowering and building a community around innovation hubs and other stakeholders, is excited to announce a new partnership with Algeria Venture, a state-owned startup accelerator in Algeria aimed at fostering startup innovation and entrepreneurship in the country. Through its range of programs, the backing of governmental and financial institutions, Algeria Venture plays a significant role in nurturing the startup ecosystem and driving economic growth in Algeria.
This partnership was unveiled at the AfriLabs Annual Gathering event 2023, which took place in Kigali, Rwanda, from the 11th to 13th of October where both organizations signed a Memorandum of Understanding. The event was a platform to discuss how to accelerate the digital economy in Africa and identify the available opportunities, it was attended by innovators, entrepreneurs, investors, and other stakeholders from across the continent.
The AfriLabs – Algeria Venture partnership aims to identify areas of potential joint initiatives where both organizations may seek and analyze cooperation opportunities, encourage innovation and support in the management, funding and promotion of the startup ecosystem across Africa.
Anna Ekeledo, Executive Director at AfriLabs, said “We are thrilled to partner with Algeria Venture, this partnership is a significant step towards promoting innovation and entrepreneurship in Africa. It will provide a platform for Algerian startups and innovative projects to connect with the wider African innovation ecosystem, and for AfriLabs to expand its reach and impact in North Africa. The partnership will also enable both organizations to share knowledge, resources, and expertise, and to collaborate on joint initiatives that will drive sustainable growth and development on the continent.”
Sidali Zerrouki, General Manager at Algeria Venture, said, “This partnership with AfriLabs will enable Algeria Venture to expand its network of stakeholders engaged in innovation and maximize its impact on the African continent; furthermore, it will ensure the startups it promotes to acquire new market shares and forge relationships with local actors.”
This partnership is a testament to AfriLabs’ commitment to driving innovation and technology in Africa and to Algeria Venture’s dedication to promoting entrepreneurship and innovation in Algeria. Together, these organizations will work towards creating a more prosperous and equitable future for all Africans.
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About Algeria Venture
Algeria Venture, also known as A-Venture, is a state-owned startup accelerator in Algeria aimed at fostering startup innovation and entrepreneurship in the country.
Through its range of programs, the backing of governmental and financial institutions, Algeria Venture plays a significant role in nurturing the startup ecosystem and driving economic growth in Algeria.
AfriLabs is an organization committed to fostering innovation and building a strong community around innovation hubs and other key stakeholders across all African countries. Through data analytics, tailored training programs, knowledge-sharing initiatives, and specialized support, AfriLabs equips Africa with the essential skills and resources needed to drive sustainable development and growth within the continent’s tech and innovation landscape. As an organization aiming to raise $1bn in the next three years, AfriLabs engages with policymakers and stakeholders to shape policies that empower the pan-African innovation economy, driving sustainable growth and technological advancement backed by data.
Visit the AfriLabs website www.afrilabs.com to learn more about how the largest pan-African innovation-focused network is making a difference.