Angola Startup Summer estimated at Akz 85 million

The 2nd Edition of the Angola Startup Summer, set for April 27-29, is estimated at Akz 85 million, revealed Tuesday in Luanda the chairman of the Board of Directors of Eventos Arena, Bruno Albernaz.

Speaking at the usual briefing of the Ministry of Economy and Planning (MEP), he underlined that it was a budget forecast, believing that the event will generate many results for operators and for the market.

He said that 101 of the 200 startups planned for the 1st Edition are already in the final registration phase.

Regarding the area dedicated to holding the exhibition, he made it known that there are several areas handed out, where two tents (A and B), with 2,000 square meters, will be installed, which can receive up to 250 participations.

He explained the criteria include those of filling out a registration form with several requirements such as being a company in the business for more than a year, with a regularised condition, with the competent authorities, as well as paying a minimum amount of Akz 85.000, whose variation depends on of the space area to be used.

He noted that there are also shares of companies such as banking, insurance, IT, which work or have a share in the market.

Bruno Albernaz added that for visits to the site, access will be by purchasing a ticket worth 1,000 kwanzas.

Citou que existem também participações de empresas como a banca, seguros, informática, os quais trabalham ou têm uma participação no mercado.

Adiantou que para as visitas ao local o acesso será por aquisição de um ingresso no valor de mil kwanzas.

In turn, the Secretary of State for the Economy, Ivan dos Santos, said that the startups have already been identified, such as T’Leva and Tupuca, but the intention is to present the new startups.

“We will continue the process of identifying these startups in order to be able to see the most accessible type of financing, depending on the identification and what they will bring in this 2 Edition”, he added.

According to the official, the support process for startups goes through several axes and one of them is through challenges.

“We are planning to support the winning startup, to be financed by FACRA. Notwithstanding that this event also has the idea of placing investors in the area”, he stressed.

The chairman of the Executive Board of the Bank of Commerce and Industry (BCI), Renato Borges, said that the institution will allocate financing of 10 million kwanzas for the best project linked to agribusiness, whose terms and conditions will be defined later.

The Angola Startup Summer 2nd Edition is held under the motto “Innovation and technology as vectors for the size of startups in Angola”.

Source: Angola Press News Agency