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Eleven Benin Startups Awarded Funding By The Digital Entrepreneurship Support Fund
Eleven Benin Startups Awarded Funding By The Digital Entrepreneurship Support Fund

The Digital Entrepreneurship Support Fund, a project of Benin’s ministry of Digital and Digitalization effort to revitalize the country’s digital ecosystem through direct financial assistance, training, and technical assistance, granted 11 Benin startups a total of FCFA 200 million (USD 372 K) in funding.

FAEN received over 114 applications after launching the call for applications in October 2020. The top 11 best startups were chosen through a three-phase process that included pre-selection, written review, and lastly presentations of files and pitches to an evaluation committee.

The winning startups included; Fedapay (fintech), Go Medical (fintech), Ylomi (Concierge), BFT (fintech), Gounod (Agribusiness), Ola Medical services (health), Africa Puzzle (entertainment), Jinukun (Agribusiness), Tech in All Engineering (Agribusiness), Tico (Agribusiness), and Medom Benin (health).