TUNISIA – IFC, a member of the World Bank Group, is signing memoranda of understanding (MoUs) with two Tunisian start-up accelerators to help unlock the potential of innovative entrepreneurship in the country.
Sérgio Pimenta, IFC Vice President for the Middle East and Africa said: “The early stage is often the most crucial for building and sustaining healthy entrepreneurship, which is vital for creating quality jobs and developing innovative solutions in emerging markets.”
“Today’s agreements will not only help Flat6Labs and Impact Partner Tunisia build capacity, but will ultimately help the start-ups, who will benefit from improved services, mentorship and, potentially, grants.”
IFC noted that the agreements will help further build the capacity of both accelerators by expanding the scale and increasing the number of entrepreneurs being supported, and by fostering expansion to include more women and more entrepreneurs outside the capital/economic cities.
It is perfectly in line with our strategy aimed at multiplying the entrepreneurial dynamic in Tunisia.
The program forms part of IFC’s strategy to help boost economic growth in Tunisia through private sector-led job creation and by strengthening the country’s entrepreneurship ecosystem, while promoting social inclusion through increased opportunities for young men and women.
The agreements follow a US$1 million investment by IFC in September in the Anava Seed Fund, an accelerator and early stage fund managed by Flat6Labs Tunisia, to help support tech entrepreneurs particularly women.