Africa by IncubMe
Société Générale Algérie partners the new incubation program for African start-ups.
The Algerian start-up IncubeMe, a private incubator in Algiers since 2018, launched last Thursday Africa by IncubMe, its new incubation program for African start-ups in technological fields. According to Adel Amalou, co-founder of IncubMe, the ambition through this program is to make Algeria an entrepreneurial hub for Africa.
In order to demonstrate the capacities of young entrepreneurs, this program is part of an approach in line with the policy pursued by the Algerian and African authorities to promote youth entrepreneurship on the continent. This program benefits in particular from the support of the Algerian government, in particular the recently created Ministry in charge of startups.
A pre-selection, by a jury of experts, will allow to select only , after which the final selection, in April, will result in
20 candidates will be chosen in April, among 400 pre-selected applications in the sectors of FinTech, Agritech and renewable energies. The leaders of these projects will be hosted, trained, coached, supported for six months, until their idea or project become a start-up.
The projects or ideas of the candidates must correspond to the needs of the partner companies of the program. Thus the participation of Société Générale Algérie (SGA) as a partner will be an opportunity for the Algerian subsidiary to open up to the FinTech ecosystem and forge close and lasting relationships with these new players.
Societe Generale is constantly developing its Open Innovation policy with startups and FinTechs, and multiplies their cross-fertilisation. This continuous immersion alongside thousands of innovative players around the world enables to identify those actors bringing the highest level of value to the Group for the benefit of its clients.