{"id":283981,"date":"2026-06-30T06:41:00","date_gmt":"2026-06-30T10:41:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/06\/30\/open-startup-to-finance-african-startups-in-health-climate-and-artificial-intelligence\/"},"modified":"2026-06-30T07:40:13","modified_gmt":"2026-06-30T11:40:13","slug":"open-startup-to-finance-african-startups-in-health-climate-and-artificial-intelligence","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/06\/30\/open-startup-to-finance-african-startups-in-health-climate-and-artificial-intelligence\/","title":{"rendered":"Open Startup to finance African startups in health, climate and artificial intelligence"},"content":{"rendered":"

Open Startup to finance African startups in health, climate and artificial intelligence<\/a><\/p>\n

https:\/\/impactalpha.com\/open-startup-to-finance-african-startups-in-health-climate-and-artificial-intelligence\/<\/a><\/p>\n

Publish Date: 2026-06-30 06:41:00<\/a><\/p>\n

Source Domain: impactalpha.com<\/a><\/p>\n

Tunisia-based Open Startup<\/strong> launched a decade ago as an entrepreneurship competition for university students. It has evolved into an accelerator for African deep tech startups. The accelerator is launching Openers First, its first special purpose vehicle, which aims to raise $3 million to support startups in health, climate, artificial intelligence, blue tech, agtech, energy and insurance, and get past the proof of concept stage. It will provide local currency SAFE notes of between $20,000 to $50,000. <\/p>\n

The solutions sitting in labs and research centers \u201ccould completely transform the way we access health and other services,\u201d if they had early funding, Open Startup\u2019s Houda Ghozzi <\/strong>said. \u201cAfrica has always been using and spending money on technologies that are coming from the Western world.\u201d It secured backing from the AfricaGrow Fund<\/strong>, German development bank KfW\u2019s <\/strong>small business-financing initiative.\u00a0Open Startup is still in talks with other development financiers and foundations to secure financing. <\/p>\n

Ecosystem growth<\/strong><\/h3>\n

If African countries committed at least 1% of their GDP to research and development, the health sector alone would generate $668 billion over 20 years and nearly five million jobs, according to a Center for Disease Control study. <\/p>\n

\u201cThis [R&D] is exactly what builds development and we\u2019re not pressing on the right buttons,\u201d Ghozzi says. The firm wants to demonstrate that deeptech companies \u201chire scientists with salaries that are decent enough for them to stay in Africa,\u201d Ghozzi says. <\/p>\n

Open Startup portfolio company Egypt-based Reme-D, <\/strong>which produces diagnostic tools for human and animal diseases, raised half a million this year from the Global Innovation Fund<\/strong>. Female-founded Reme-D joined Open Startup with around 10 employees, and has grown to employ 47 scientists, over half of whom are women. Open Startup\u2019s portfolio also includes South Africa-based vaccine…<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Open Startup to finance African startups in health, climate and artificial intelligence https:\/\/impactalpha.com\/open-startup-to-finance-african-startups-in-health-climate-and-artificial-intelligence\/ Publish Date:…<\/p>\n","protected":false},"author":1,"featured_media":283982,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"http:\/\/impactalpha.com\/wp-content\/uploads\/2026\/06\/Open-Startup.png","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-283981","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/283981"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=283981"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/283981\/revisions"}],"predecessor-version":[{"id":283983,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/283981\/revisions\/283983"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/283982"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=283981"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=283981"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=283981"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}