Funding
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RISA Fund and Impact Investing Ghana team up to scale sustainable systems for research and innovation financing
To strengthen Ghana’s sustainable research and innovation ecosystem, the RISA Fund has announced its second partnership phase with Impact Investing Ghana. The project began in January 2023 and aims to scale up the infrastructure established in Phase I and increase funding, skills, and knowledge of key players in Ghana’s research and innovation sector. The project’s…
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Google awards $30k grant to Dr. Stephen Moore to advance AI natural language processing research in Africa
Dr. Stephen Moore, a lecturer at the Department of Mathematics of the University of Cape Coast, has been awarded a $30,000 research grant by Google. The grant will further research in Artificial Intelligence, particularly in natural language processing (NLP) for low-resource languages in Ghana and Africa. NLP is a branch of AI that deals with…
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Legendary Foods grabs $15,000 as runner up of the AgriPitch Competition – Women-led Businesses Category
Legendary Foods emerged as the first runner-up of the 2022 African Development Bank-backed AgriPitch Competition in the fiercely contested Women-led businesses category. The company was awarded a cash prize of $15,000. Legendary Foods delivers the nutrition of meat at the price and sustainability of plants using insect agriculture made into delicious products. Led by Shobhita…
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Samaritan Angels launches a GH¢ 10 million initiative to accelerate the growth of SMEs
Samaritan Angels, an entrepreneurship-focused social enterprise, has launched a GH¢ 10 million initiative dubbed “I AM INVESTIBLE” to support Small and Growing Businesses (SGBs) in Ghana. The company aims to accelerate the growth of businesses and create jobs by providing access to funding, business advisory services and technical support. Beneficiaries will have access to up…
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Spatial Labs, a web3 infrastructure and hardware company, closes $10M seed round
Spatial Labs, a web3 infrastructure and hardware company, has secured a $10 million seed funding round led by Blockchain Capital and with participation from Marcy Venture Partners, co-founded by Jay-Z. The company, founded in 2021 by the Ghanaian-American venture builder, Iddris Sandu, aims to create products and shopping experiences through augmented reality. Last year, Spatial…
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Legendary Foods lands new investment from Nairobi Business Angel Network
The foodtech company has secured an undisclosed amount of funding from the Nairobi Business Angel Network to address food insecurity. Legendary Foods delivers the nutrition of meat at the price and sustainability of plants using insect agriculture made into delicious products. Led by Shobhita Soor, the company produces palm weevil larva, a local delicacy that…
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Ashesi Entrepreneurship Center backs 10 alumni ventures with $65,000
The Ashesi Entrepreneurship Center has provided financial support to alum business ventures through the AVI X Grant Program. The program has been in operation since 2020 and aims to assist alum entrepreneurs in expanding and promoting their businesses. According to Dr. Gordon Adomdza, Associate Professor at Ashesi University, the grant helps cushion the entrepreneurial journeys…
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Jetstream Africa scores $13 million to facilitate cross border trade across African countries
Jetstream Africa, the technology-enabled logistics company, has secured a $ 13 million pre-Series A financing to scale into various markets in the continent. The funds will be used to support Jetstream’s expansion into new countries and the continued development of its technology platform, which vertically aggregates the fragmented financing and logistics vendors that support trade…