Boost Africa Initiative: new integrated approach to boost young innovative entrepreneurs across Africa

Over 1,500 start-ups and high-growth SMEs to be supported across the continent

Boost Africa Initiative

Boost Africa will contribute to fostering the development of an efficient entrepreneurial ecosystem in Africa by supporting the earliest and riskier stages of the venture value chain, in an economically viable and sustainable way. Boost Africa aims to spur the entrepreneurial potential of the African youth to create innovative and compelling businesses with the capacity to compete regionally and globally, to attract domestic and foreign direct investment, to create new and quality jobs, and contribute to inclusive and sustainable economic growth.

As a result of an initial combined investment of up to €150 million, the Initiative is expected to leverage up to 1 billion in additional investments in a high growth sector, and support over 1,500 start-ups and SMEs across the continent.

Pan-African in scope, the Boost Africa Initiative has three integrated pillars:

  • Firstly, Investment Program: equity investments in seed funds, business angels co-investment funds, accelerators’ follow-on funds, venture capital funds, etc. that invest in innovative start-ups and high-growth small and medium enterprises (SMEs);
  • Secondly, Technical Assistance Facility: a pool of grant resources to provide capacity building and disseminate best practices for the investment readiness of intermediaries, the business and technical assistance, training of investee companies and entrepreneurs, and the creation of local investors’ networks;
  • Thirdly, Innovation and Information Lab: a platform for supporting the entrepreneurship ecosystem by fostering innovation, knowledge development and partnerships, and incubating and piloting promising new ideas, as well as assessing and disseminating best practices.


  • European Investment Bank (EIB)

    Funding Agencies
    Luxembourg | Staff size: Unknown

    The EIB is the European Union's bank. EIB is the only bank owned by and representing the interests of the European Union Member States. EIB works closely with other EU...

  • European Commission

    Belgium | Staff size: 10,000+

    The European Commission (EC) is the executive body of the European Union responsible for proposing legislation, implementing decisions, upholding the treaties and day-to-day management of the...

  • African Development Bank (AFDB)

    Funding Agencies
    Cote d Ivoire | Staff size: 1001-5000

    The African Development Bank (AfDB) Group’s mission is to help reduce poverty, improve living conditions for Africans and mobilize resources for the continent’s...

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Key Information

LocationCentral Africa, West Africa, Eastern Africa, North Africa and Middle East, Southern Africa
ValueEUR 150 Million