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December 14, 2024

Ethiopia startup data hub launched

Ethiopia startup data hub launched

The Ministry of Innovation and Technology of Ethiopia, Systemic Innovation, and GrowthAfrica, in partnership with Dealroom.co today launched the Ethiopian Startup data Hub.

The hub is said a transformative, open-access database designed to drive data-driven insights and foster international connections for Ethiopia’s dynamic startups and growth ventures. The platform enhances visibility, strengthens connections, and promotes transparency within Ethiopia’s entrepreneurial ecosystem, connecting local and global players. Tailored to Ethiopia’s fast-evolving business landscape, this platform provides a real-time, comprehensive view of startups across sectors, enabling entrepreneurs, investors, policymakers, and researchers to make better and more informed decisions.

The Ethiopian Startup Ecosystem Platform offers collaborative, open-access data showcasing the country’s most promising startups, insights into trends, funding trajectories, and emerging opportunities. With profiles of thousands of startups and high-growth companies, plus ecosystem data points, the platform is an essential resource for understanding market dynamics, tracking funding patterns, and identifying growth potential.

The platform boosts Ethiopia’s global visibility, enhancing credibility and exposure for local ventures. It enables investors and business leaders to benchmark performance and map trends, while also supporting evidence-based policymaking and ecosystem development.

Selamyhun Adefris Haile – Innovation Development CEO. Ministry of Innovation And Technology, Ethiopia: “Ultimately, the success of a nation’s startup ecosystem hinges on its ability to integrate into the global innovation network. The “Ethiopian Data Hub “aims to contribute to this integration by highlighting local innovation and startup ecosystem players to a global startup and innovation ecosystem”

Amity Weiss, Managing Partner, Melala Partners Ethiopia: “This is a game-changer in identifying companies with strong localised business models, but who are not visible using existing sourcing channels. We look forward to leveraging it to shorten sourcing timelines for investment partners, allowing us to facilitate connections & capital access to strong businesses flying under the radar. It’s a great tool to help us achieve our mission of inclusive growth and job creation”.

Scott Walker, CEO, Systemic Innovation said: “This platform exemplifies what can be achieved through strategic donor partnerships. By pooling resources and expertise, we’re enabling a data-driven approach to ecosystem development that benefits entrepreneurs, investors, and policymakers alike.”

Part of a broader FCDO-funded initiative (the Research Innovation Systems for Africa – RISA Fund), this platform reflects the shared commitment of Systemic Innovation and GrowthAfrica to build resilient data ecosystem infrastructure for sustainable growth.

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