O National Institute of Support for Micro, Small and Medium Enterprises (INAPEM) and the International Finance Corporation (IFC) signed a cooperation agreement that aims to capitalize on the Angolan institution's incubation program to channel support to potential projects that are in the internship phase, but with difficulties in progressing from their creation.
The partnership was signed on the first day of the 2nd edition of the Angola Startup Summit, which runs from the 27th to the 29th of April and is taking place under the motto “Innovation and Technology as immersion vectors for startups in Angola”, where for Carlos Katsuya, representative of the IFC in Angola, the “The agreement signed will be able to bring the experience that IFC has in several markets around the world, promoting entrepreneurship, working with small and medium-sized companies and working with incubators with business plans. The IFC will support these companies through the subsidiary."
On the other hand, Carlos Katsuya says that “startups – and digital startups in particular – have been demonstrating the potential to break boundaries and introduce innovation in key sectors of the economy, but often struggle to gain access to support. Through this partnership, IFC will work with a key player in Angola's entrepreneurship ecosystem and directly support digital startups, helping them to grow, innovate and create jobs.”
BUT: Acelera Angola and IFC launch program to accelerate startup growth
To inform that this memorandum between the two institutions is included in the IFC's Angola incubators program, being launched last November, with the support of the European Union🇧🇷 The program aims to help existing incubators and accelerators expand their coverage and impact, as well as working with the national government to resolve legal and regulatory obstacles that slow down the development of startups and entrepreneurs.
About this edition of the Angola Startup Summit, it aims to maintain and encourage the emergence of new startups, through the exchange of experiences, business deals, as well as cooperation with university institutions, potential investors, accelerators and incubators.
