{"id":5706,"date":"2018-02-05T14:56:00","date_gmt":"2018-02-05T13:56:00","guid":{"rendered":"https:\/\/insights.invyo.io\/africa\/?p=5706"},"modified":"2018-02-05T14:56:58","modified_gmt":"2018-02-05T13:56:58","slug":"finland-is-adding-e9-3m-to-its-sais-tech-program-in-africa","status":"publish","type":"post","link":"https:\/\/insights.invyo.io\/africa\/fintech-africa\/austral-africa\/finland-is-adding-e9-3m-to-its-sais-tech-program-in-africa\/","title":{"rendered":"Finland is adding \u20ac9.3m to its SAIS tech program in Africa"},"content":{"rendered":"

The Finnish government has announced its decision to unlock more than 9 million euros to support Tech start-ups across Africa.<\/strong><\/p>\n

Following Partech Venture’s announcement<\/strong><\/a> of the launch of a multi-million fund to invest in high-growth tech start-ups across Africa<\/strong>, it is now the turn of Finland to accelerate on the continent.<\/p>\n

The Ministry for Foreign Affairs of Finland is releasing the second phase<\/strong> of its Southern Africa Innovation Support (SAIS) Programme, a regional innovation program<\/strong> that was first launched in 2011<\/strong>\u00a0and that supported 150 companies<\/strong> across\u00a0Sub-Saharan Africa.<\/p>\n

According to\u00a0Juhana Tuunanen, the Finnish ministry of foreign affairs:<\/p>\n

“The Nordic government wanted to invest in start-ups in Africa, in sectors like mobile phone applications, cybersecurity services and health technology that are\u00a0increasingly recognized as a key factor for sustainable development in Southern Africa.”<\/p><\/blockquote>\n

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The funds will be allocated to companies located in Namibia, South Africa, Tanzania, Botswana or Zambia until June 2021<\/strong>, aiming to support entrepreneurship in the region<\/strong> and the development of social and environmental<\/strong> businesses.<\/p>\n<\/div>\n<\/div>\n<\/div>\n

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Africa is still facing some challenges due to modest funding<\/strong> being allocated on the continent compared to its potential, while struggling to find skilled talents<\/a>\u00a0<\/strong>in emerging technologies.<\/p>\n

Such a program will undoubtedly contribute to tackle these challenges to unveil the African continent<\/strong> as a tech champion.<\/p>\n

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The Finnish government has announced its decision to unlock more than 9 million euros to support Tech start-ups across Africa. Following Partech Venture’s announcement of the launch of a multi-million fund to invest in high-growth tech start-ups across Africa, it is now the turn of Finland to accelerate on the continent. The Ministry for Foreign […]<\/p>\n","protected":false},"author":3,"featured_media":5707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[320,97],"tags":[235,620,624,307,271,618,241,487,619,625,299,621,528,623,626,622,278,243,414,381,248,385,270,257],"yoast_head":"\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\n\n\t\n\t\n\t\n