Google settles in the tech ecosystem – Jeune Afrique

Google has just set foot in Algeria through Algeria Venture (A-Venture), the local public accelerator created in 2020, which has just launched a program called “Boost Skills Entrepreneurship » (BCEP) and developed in partnership with the American giant.

In the countries where it is established, the Google for Startups initiative selects each year between ten and fifteen start-ups in the growth phase, i.e. having already benefited from a seed fundraising (seed) or a first fundraiser (Series A) in order to make them follow a coaching program combining technical training in product design, customer acquisition and leadership. Supervision provided by Google experts.

Many success stories

In Algeria, fourteen companies from seven wilayas have already been selected, and some names have been communicated. These are the Grow Algeria incubator, the Go Platform education and job search platform, the Zidney school exam simulator, the on-demand artisan platform Mehan Houra, and the communication company Idrane Plus.

6,500 start-ups have been identified by the ministry’s departments

Already available in Dubai (for North Africa and the Middle East) and Lagos (for sub-Saharan Africa), the training provided by Google lasts three months. In sub-Saharan Africa, success stories such as the Nigerian messaging payment platform Kudi, which finalized a €12.6 million Series A between March and April 2022 with Partech Africa, have gone through this program. The Senegalese logistician Paps (a second seed fundraising of $4.5 million concluded with Orange and 4DX Ventures in January 2022) and the Nigerian healthtech 54Gene (nearly $45 million raised since its creation in 2019) are also alumni of Google for Startups.

In Algeria, the BCEP program is overseen by the teams of Sid Ali Zerrouki, Managing Director of A-Venture and that of Salim Abid who leads Google for Startups and Google’s developer ecosystem in North Africa and the Middle East. .

1,000 start-ups labeled at national level

Since Yacine Oualid, Minister Delegate in charge of the Knowledge Economy and Start-ups, took office in January 2020, and the adoption of a Start-up Act in December of the same year, 6,500 start-ups up have been identified by the ministry’s services, 1,000 of which have been labeled as such. This label allows them to benefit from tax exemptions and access to certain public markets, easier access to land and potential financing from venture capital companies and the Algeria Start-up Fund, endowed with 20 million of dollars.

According to information reported by Africa Business+, on the occasion of an annual conference called Algeria Disrupt, the second edition of which took place in March, the President of the Republic, Abdelmadjid Tebboune announced the establishment of a credit innovation tax. Similar to the initiative already implemented in France, it should enable start-ups to benefit from a tax credit for a certain percentage of the expenses necessary for the design or production of a prototype or pilot project.

The creation of an Algerian network of Business Angels (“angel investors”) and the creation of a fund of funds to fund venture capital companies were also announced at this event.

Leave a Comment