Day: May 10, 2019

33 Tunisian companies obtain Startup label

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Some 33 Tunisian companies obtained, on Friday, the Startup label which will allow them to benefit from several incentives to develop their activities.Minister of Communication Technologies and Digital Economy Mohamed Anouar Maarouf, who presented these labels, stressed that his department is working to create the investment fund in addition to supporting Startups in 2019. The objective of these labels is to create 1, 000 Startups and 10 thousand opportunities of jobs over the next five years. This label is awarded to innovative projects with an extended capacity operating in all…

InstaDeep raises $7m in round led by Tunisia’s AfricInvest

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Enterprise artificial intelligence (AI) startup InstaDeep has raised a $7-million Series-A round led by Tunisian private equity firm AfricInvest, ventureburn reports. Endeavor Catalyst — the co-investment fund of Endeavor, a non-profit organisation that supports high-impact entrepreneurs around the world — also participated in the round which the startup announced in a statement last Tuesday on May 7. InstaDeep was founded in 2014 in Tunis, Tunisia by CEO Karim Beguir and Zohra Slim. The startup is now based in London and has offices in Paris, Tunis, Nairobi and Lagos. The startup applies deep reinforcement learning…

FAO-GIZ: Cooperation agreement for solar energy projects in Tunisia

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A cooperation agreement to implement projects related to the use of solar energy in agriculture in Tunisia was concluded on Thursday between the United Nations Food and Agriculture Organisation (FAO) and the German International Cooperation Agency (GIZ). The agreement, which aims to strengthen coordination and cooperation between the two institutions, was signed by FAO Representative in Tunisia Philippe Ankers and GIZ Resident Director for Tunisia Matthias Giegerich, according to a statement issued on Friday by FAO. The main objective is to use the potential of solar energy for irrigation, while…