In recent years African startups have taken home a string of prizes from Swiss-based Seedstars, one of the world’s leading startup competitions.
This is testament that Africa can indeed produce ventures able to compete on the global stage, says Seedstars CEO Alisée de Tonnac (pictured above).
But De Tonnac says although Africa is a “land of untapped opportunities” (see last year’s Africa winners here), it still has significant risks, related to socio-economic instability.
In addition, potential investors don’t always understand the complex dynamics and cultural specialities of each country in the region, she says.
It’s why the organisation in April launched a $100-million Seedstars Africa Ventures investment fund (see this story and this one).
In an emailed interview with Ventureburn, De Tonnac details the impact that Seedstars has made, why the organisation is looking to recruit more women-founded startups and the idea behind its new investment readiness programme.
(picture source: Techcrunch)