Partech launches funding program for European scale-ups01 November 2022 | Lisa Marie Münster
Those who want to enter African markets as a scale-up can apply to the investor's program. The deadline for applications is February.
French investor Partech is launching an accelerator program for European scale-ups looking to enter African markets. Companies can apply from February 7, and the eight-month program will start in April. In the process, they will gain access to experts from the investor's network, there will be keynotes on operating models and specifics of African markets, and access to key players and founders on the continent. The program is also open to German startups.
"You may have great technology and fantastic credentials in Europe, but Africa requires some very practical adjustments in the way you recruit, operate, sell and partner," says Vincent Previ, who manages the program, called Chapter54. All scale-ups from Europe are eligible to apply, regardless of industry or operating model, but it should be possible to adapt the concept locally.
The program is funded by Partech Shaker, the company's innovation arm. In addition, the German development bank KfW is providing support on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).
To date, Partech has already invested in nine African countries, so the investor also has its own experience with the markets. "Due to its unique positioning in the technology ecosystems of Europe and Africa, Partech Shaker is an excellent partner for European scale-ups looking to invest in Africa," comments Jan Martin Witte of KfW.