The Angolan startup ecosystem has not yet seen a successful startup, revealed the most recent Startup Ecosystem Assessment study in Angola.
Carried out by the International Finance Corporation (IFC) in partnership with the European Union and Startup Genome, the study showed that Angola is at the beginning of the Activation Phase, characterized by a low number of startups and resource limitations.
The investigation highlights that the Angolan ecosystem has around 125 technology startups or activated. In short, the Angolan startup ecosystem is in the embryonic phase of development, where a successful startup has not yet been seen in Angola.
According to the researchers, the Angolan founders are well connected, but important gaps persist in the local system.
BUT: AASED. Only 200 startups are registered with the Government
The aforementioned report analyzed the current state of the startup ecosystem in Angola, where the following characteristics were included in the investigation:
Exclusive Metrics: Measurement and benchmarking of more than 80 metrics.
Success Factors: Assessment of the performance of startups’ success factors.
Policy Analysis: Legal analysis of policy domains essential for developing a solid startup ecosystem.
