Startups Within The West African Economic And Monetary Union Have New $350k Up For Grabs

Investment in African Startups Hits Over $400mn by Q3 2019 - Techgist  Africa | Africa Leading Tech News, Reviews and Tips

Startups in the West African Economic and Monetary Union (UEMO) space have the opportunity to share a jackpot of FCFA 193 million ($350k) put into play by the union by taking part in a competition called “UEMOA Startup 2020 Springboard”.

Until November 30, young entrepreneurs from Togo, Benin, Burkina Faso, Ivory Coast, Guinea-Bissau, Mali, Niger and Senegal will compete to carve out their places as the best in the union. The Competition, which has both a community and national dimension, aims to support efforts to promote modern and innovative entrepreneurship and to accelerate the development of startups within the union. 

“More specifically, the Competition aims to identify, reward and support the best startups that will stand out through the relevance of their activity and their impact on the green economy, as well as to stimulate support structures for entrepreneurship,” a statement to that effect noted.

Read also: Nigerian Agritech Startup Secures $40k Prize

Here Is What You Need To Know

West African Economic and Monetary Union (UEMOA) | West Africa Gateway |  Portail de l'Afrique de l'Ouest
  • This competition aims to promote entrepreneurship through financial support ranging from 1 to 15 million FCFA, granted to innovative start-ups having an impact on the green economy.
  • To participate, you must meet the following conditions: be a start-up created after June 30, 2017, carry out economic activities in one or more UEMOA member states, contribute to the green economy, and become attached to a structure support for entrepreneurship in submitting their application. In addition, the main promoter must be born before June 30, 1975, and be a citizen or resident of a WAEMU member state.
  • The deadline for submitting applications is November 30, 2020.
  • This 1st edition of the Springboard start-up competition was launched in collaboration with the Regional Consular Chamber (CCR-UEMOA) and the National Consular Chambers (CCn) of the UEMOA Member States

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“Business is always a struggle. There are always obstacles and competitors. There is never an open road, except the wide road that leads to failure. Every great success has always been achieved by fight, every winner has scars. The men who succeed are the efficient few –they are the few who have the ambition and will-power to develop themselves. So choose to be among the few today.” – Chris Kirubi, Centum Investment, Kenya

Nichole Manhire

Is the media and brand manager at GFA News. She works very closely with editors and podcasters that contribute to telling the African business success story. For marketing and advertising send Nichole an email:

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