Exciting opportunity for African maritime entrepreneurs

Entrepreneurs can pitch to investors

KENYA: The deadline for applying to become one of the 30 handpicked projects that will be given an opportunity to pitch their maritime ideas to a panel of investors is looming on 26 January. [UPDATE - APPLICATIONS HAVE BEEN EXTENDED UNTIL THE 2 FEB]

BlueInvest Africa is calling all African entrepreneurs eager to venture into the blue economy to submit their applications for the second edition of this important event initiated by the European Commission in 2022.

The objective of BlueInvest Africa is to facilitate meetings between African entrepreneurs seeking financing and international investors scouting for opportunities, all centred around projects capable of propelling Africa's blue economy forward.

The term "blue economy" encompasses all sustainable economic activities occurring in marine or inland water environments, spanning traditional pursuits like fishing, tourism, and transport, as well as cutting-edge domains such as biotechnologies, aquaculture, and renewable energies.

BlueInvest Africa is also committed to promoting equitable and sustainable development, ensuring food security, and enhancing resilience to climate change.

Showcasing 30 Projects

The event will spotlight 30 "blue" projects to a panel of investors and stakeholders both physically present and online. The primary goal is to attract partners willing and equipped to foster the development of these projects.

Drawing inspiration from the past edition of BlueInvest Africa in the Seychelles, the project presentations will be attended by various investor categories: international, regional, and national financial institutions; public and private institutional investors; international, national, and regional organizations; as well as diverse collective entities like business platforms, incubators, and business angels.

Calling on African Entrepreneurs

The call for projects targets companies established in Africa, officially registered, and already active in one or more sectors of the blue economy. BlueInvest Africa 2024 is also reaching out to African small, micro, and medium-sized enterprises (SMMEs) whose innovative ideas require support to flourish in African markets.

Projects submitted to the BlueInvest Africa selection committee must be under development. They should fall within a blue economy sector and be set for deployment in one or more African countries. Additionally, they must incorporate sustainability objectives, covering production, implementation, and the life cycle of the project.

An Engaging and Impactful Presentation

Each company will designate a representative or pitcher to present its project in a dynamic and persuasive manner. The event organizers will cover the travel and accommodation expenses of this representative, who will also benefit from coaching to ensure the quality, effectiveness, and appeal of their presentation. The best presentation will be honoured with an award at the closing ceremony of the event.