Press Release

Announcing The Third India Africa Entrepreneurship & Investment Summit

By  |  April 18, 2023

The Third India-Africa Entrepreneurship & Investment Summit is set to take place on the 21st and 22nd of July 2023 in Mauritius at the Le Meridien Hotel.

The Event, jointly organised with the Economic Development Board of Mauritius, Indian Angels Network, Africa Business Angels Network and TiE Global, has established itself as the go-to platform for entrepreneurs across the Indian Ocean to meet and discuss opportunities for collaboration.

The global start-up economy is worth nearly US$3 trillion out of the total world economy of around US$90 trillion and is growing exponentially. India and Africa can both partner and benefit from this huge opportunity by leveraging each other’s strengths.

It is often felt that despite deep historical, commercial, and cultural ties, the entrepreneurial ecosystems between India and Africa remains to be connected in a meaningful way. Changing this presents a tremendous opportunity to harness the creative capacity of entrepreneurs in both regions to work together to solve common and pressing problems and accelerate trade and investment in the process. This is the mission of the India-Africa Entrepreneurship Forum (IAEF).

Africa’s fifty-four states produce a combined GDP in excess of US$3.2 trillion – almost the same as India. The continent’s economic growth is estimated to be 3.2 percent in 2023 and also houses six of the world’s fastest-growing economies. 

With  57,000 startups valued at US$450 billion, India is the third largest entrepreneurial ecosystem in the world. Over 650 African startups, on the other hand, received total funding of US$5.2 billion in 2022 ( a 1700 percent increase since 2015), raising the combined valuation of about 900 startups to roughly US$50 billion.

Collaboration between startups and large but entrepreneurial businesses, on the other hand, can increase the reach and impact of innovation, according to Accenture Africa research, which increasingly correlates with higher economic performance at enterprise and economy-wide levels. By leveraging the power of ecosystems and open innovation, African economies can accelerate progress, unlocking Africa’s abundance for all.

Why the 3rd IAEF Summit?

Building on the remarkable success of its two previous editions – held in Mauritius and in Kenya in 2019 and 2022, respectively, the organisers are inviting pre-eminent entrepreneurs, thought leaders, policymakers and investors from both Africa and India to participate in the following Workshops & Panels:

  1. Cross-border FinTech
  2. Energy & GreenTech
  3. AgriTech and Agri-Export
  4. EdTech And Remote Learning
  5. HealthTech – Telehealth
  6. International E-Commerce
  7. Automation & Artificial Intelligence

For more information about the 3rd India-Africa Entrepreneurship and Investment Summit, click here.

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