The
Estonian Centre for International Development (ESTDEV) and the Finnish Public
Administration Institute HAUS have officially unveiled the Think Like An Investor initiative, a transformative program designed to
empower African innovators to scale sustainable solutions. The initiative,
launched under the Team Europe Data Governance in Africa framework, marks a
significant step towards fostering innovation and socio-economic impact across
the continent.
The
launch event, held in Kenya, saw high-level participation from European and
African dignitaries, including H.E. Ondrej Simek, the EU Deputy Head of Mission
to Kenya; H.E. Daniel Schaer, Estonian Ambassador to Kenya and South Africa;
and H.E. Pirkka Tapiola, Finnish Ambassador to Kenya.
Following
a rigorous application process held between June and August, 10 start-ups from
a pool of 88 applicants were selected to participate in the program. These
companies were chosen based on five critical criteria: innovation, social
impact, technological solutions, focus on data, and scalability.
"The
selected companies have the potential to expand beyond their countries and
create a greater effect throughout Africa. Their solutions are scalable and
help alleviate socio-economic problems, which is exactly what we are looking
for," said
Laura Roop, project manager at ESTDEV.
The
initiative aims to equip these start-ups with tools and knowledge through
specially adapted training, mentoring, and guidance. Participants will also
gain access to relevant networks to unlock opportunities for growth and
investment. The program focuses on creating solutions in critical sectors such
as healthcare, climate resilience, financial inclusion, and digital
connectivity.
By
enabling start-ups to "think like an investor," the initiative seeks
to bridge the gap between innovation and market viability, ensuring that these
companies not only address pressing socio-economic challenges but also achieve
sustainable growth.
By: Nana Appiah Acquaye
