Seven
Korean startups are participating at GITEX Africa under the Korea-Africa
Foundation (KAF)’s support. The KAF, as an affiliation of the Ministry of
Foreign Affairs of Korea, runs startup support program called the Korea-Africa
Unicorn Acceleration program which promotes startups’ expansion in African
continent.
This
year, the KAF decided to join GITEX Africa 2023, the continent’s largest
all-inclusive tech event, with 7 Korean startups. 7 startups, at the growth stage,
are all tech-based, varying from Logitech, health tech, new material, fintech,
energy, and biotech. They all seek for an opportunity to expand their business
in Africa, opening all possibilities such as attracting investment, business
matching, technology transfer, M&A, etc.
Under
the support of the KAF, the startups run Korea-Africa Unicorn Booth and
participate in Supernova Challenge to promote their technologies and products.
The KAF also arranges business matching and networking between startups and
global businesses.
Lee,
director of the KAF said, "Despite
the global slowdown in investment, funding for African startups hits a record.
This means that global startup ecosystem players have an eye on the African continent
and South Korea cannot leave this opportunity out. I believe GITEX Africa is
the best tech exhibition to explore Africa."
By: Nana Appiah Acquaye
