The Ivorian Innovation Fund (FII): this is the government’s latest initiative to give new impetus to the innovation sector in Côte d’Ivoire. It is a question for the authorities, which benefit from the support of the African Development Bank (AfDB), “to invest sustainably in the growth of technologically innovative companies in Côte d’Ivoire”, announced the government on July 7 .
The fund, whose “indicative size” is estimated at 131 billion CFA francs, will be responsible for strengthening the infrastructure dedicated to innovation and supporting businesses, especially startups, in their development.
Note also that the AfDB, which intends to give a sub-regional dimension to this fund, has asked Côte d’Ivoire to intervene in other WAEMU countries and to this end, the IFI will participate in the implementation place of investor networks and training of entrepreneurs in the sub-region through physical and virtual platforms.
financialafrik.com
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