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Total wants to fund startups in Africa

By Saïd Radji / November 27, 2015

The French oil group Total has launched, earlier in November, the initiative “Startupper of the year by Total” whose purpose is to support promising young companies in 34 countries of the continent. The company plans to allocate $ 3.7 billion FCFA to the cause.

The initiative is a competition in which candidates must meet certain conditions. Thus, they must have 35 years or less and an innovative start-up of less than 2 years. The company must also have great potential in terms of job creation and must be competitive. “Through this initiative, Total intends to provide funding to young entrepreneurs whose ideas and business plans are dying for lack of funding,” said Philippe Boisseau, Marketing Director, services and renewable energy enterprise.

The deadline for applications is January 31 2016 and the winners will be announced in early May 2016. This news comes at a time when an African start-up of three bankrupt for reasons insufficient or non-existent funding, reports the website pourlentrepreneur.com .

About the author

Saïd Radji

Saïd Radji est un amoureux du continent Africain. Spécialisé dans le domaine de la démarche qualité et de la sécurité alimentaire, il a eu l'occasion, à travers diverses expériences, de se rendre compte de la multitude de talents dont regorge le continent. Pour mieux partager cette vision qu'il a de l'Afrique d'aujourd'hui, il a rejoint l'équipe de Ecce Africa en tant que Directeur Administratif et chargé de publication.

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