Stakeholders To Address Impediments To Small Enterprises

More than 1,000 participants from all over Africa will be at African Economic Congress scheduled to commence from November 2 to discuss impediments to small businesses and start-ups.

The African Startup Challenge is an entrepreneurship sustenance body of the Economic Congress tasked with discussing business development issues relating to startups and small enterprises.

The main theme of this year’s challenge will be “Improving Africa’s Business Community through Tech.”

Every year, at the African Economic Congress, the best start-ups are introduced to the world.

According to a statement issued on Thursday, the AEC in order to build livelihoods in Africa, the AEC start-up challenge seeks to infuse a culture of creativity and foster innovations.

According to the statement, the expected outcome of the competition is to select winning ideas that can lead to new products,
programs, projects, processes.

It is also aimed at engaging young entrepreneurs eager to tackle
the challenges they face as well as global challenges through “smart solutions” that transform the economy of Africa and the world.

This year, new business ideas would compete for the attention of the audience and investors.

Participants get the opportunity to seek the advice of mentors and consult experts on the validity of business concepts, and also to learn the latest from the technological sector and meet the disruptors of the tech industry

In a bid to build transparency, the African Economic Congress has also partnered with Ventures Park to provide expert coordination and selection.

Ventures Park remains a leading source of capacity building, support, capital, and advocacy for entrepreneurs, enabling them to enhance the creation of wealth and development in Africa.

The company provides smart capital through early-stage fund, Ventures Platform Fund, which provides infrastructure and nurture communities of entrepreneurs and innovators through Ventures Park while building a pipeline by providing capacity and ecosystem support through our not-for-profit – Ventures Platform Foundation.