Benin: $372 000 for 11 startups to develop digital solutions
The Digital Entrepreneurship Support Fund (FAEN), a government-controlled agency, has last week (Friday) handed over FCFA200 million (nearly $372 000) to 11 startups to help them develop digital solutions, as part of the “Oumandera Funding”.
Each beneficiary received between $ 9 300 and $93 000, which the government said would motivate them to start a new phase in the development of their activities, reports from the economic capital Cotonou said this week.
The selected startups include Tech IT ALL Engineering, TIC Agro-Business, Africa Puzzle, Go Medical, FEDAPAY, BFT, Gounou, Ylomi, OLA Medical Services, Jinukun, and Medom Benin.
“Throughout the selection process, we met young people, men and women full of energy, determined and with a lot of passion. They are the ones who will create the jobs of tomorrow," Aristide Adjinacou, Director of Operations of Information Services and Systems Agency (ASSI), said.
The project is part of the government of Patrice Talon’s drive to revitalise digital entrepreneurship through direct financial support, training, and support for startups.