SMEs and Ventures

Seven startups in Africa to receive $385k in developing solutions for the blue economy

The company founders were chosen after participating in TECA’s fellowship program, where they received assistance in developing concepts for businesses in the blue economy, assembling teams, and establishing businesses.

The TECA initiative was established to expedite the development of climate-resilient solutions to safeguard and sustain the environment. It is managed by BFA Global and supported by FSD Africa.

vulnerable groups of people. To advance financial and technologically enabled solutions that increase the climate resilience of communities and ecosystems in and around oceans, lakes, and rivers throughout Eastern Africa, each firm will get $27,500 in seed financing and $27,500 in hands-on venture building support.

We are pleased to assist and hasten the creation of cutting-edge solutions that will safeguard the environment and vulnerable communities along the Eastern Coast of Africa through the TECA initiative. According to David del Ser, chairman and chief innovation officer at BFA Global, “These seven businesses represent the cutting edge of the blue economy in Africa, and we look forward to watching the impact of their financial and tech-enabled solutions on people and ecosystems.

The businesses that have grown out of the TECA program are motivating. They reflect the outstanding ideas and solutions to climate-related problems that young Africans, particularly women, are putting forward in the blue economy. I’m happy to see that FSD Africa is backing this project, which uses technology and money to foster opportunity and resilience in the face of climatic disaster. We intend to expand the use of TECA through our relationship with BFA Global to address problems in Africa’s other regions and challenges outside of the blue economy. Juliet Munro said

Kenya, Egypt, South Africa, Uganda, Zimbabwe, and Tanzania are the six African nations from which the founders of the seven startups chosen for the current cohort are originally from. Their ideas for filling existing gaps in aquaculture, ecotourism, measurement, reporting, and verification (MRV) in conservation, the value chain for seaweed, mangrove restoration and protection, and financial services for fishermen are among those presented. The emerging businesses and their remedies are:

  • AquaTrack:
  • Carboni Bank: .
  • ConserVate:
  • Mwani Blu:
  • RegisTree:
  • Vua Solutions .
  • Wezesha Aqua Farms:

TECA will offer thorough venture development support, which includes mentorship, capacity building, business model improvement, and assistance with launching these firms’ goods and services on the market, in order to further invest in their success.

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