Open Startup to finance African startups in health, climate and artificial intelligence

Open Startup, a Tunisia-based organization, originally started as an entrepreneurship competition for university students and has now grown into an accelerator for African deep tech startups.
The accelerator has launched “Openers First,” a dedicated initiative to raise $3 million to fund early-stage startups in health, climate, AI, blue tech, agtech, energy, and insurance through its special purpose vehicle, offering local currency SAFE notes from $20,000 to $50,000.
The initiative emphasizes the potential of African technologies to revolutionize access to health and other services, advocating for a shift from relying on Western technologies.
Open Startup believes that if African countries invested 1% of their GDP in research and development, the health sector alone could generate $668 billion and create nearly five million jobs over 20 years, highlighting the need for such investments in local innovation.
The firm aims to show that deep tech companies can offer scientists competitive salaries, thus keeping talent within Africa and fostering local scientific growth.

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