The startup ecosystem is rapidly expanding worldwide. In Côte d'Ivoire, the government aims to leverage this momentum to foster the emergence of innovative startups and strengthen the digital economy.

The Ivorian government announced the creation of a Digital Startup Labeling Committee under the Ministry of Digital Transition and Digitalization, aiming to support young tech companies and strengthen the country's digital ecosystem, during the Council of Ministers on Wednesday, March 12.

According to a ministry statement, the Labeling Committee will evaluate and award a label to digital startups based on criteria including innovation, economic viability, and impact on the local economy. The committee will also oversee a digital platform to facilitate startups' access to services and support programs.

Labeled companies will be monitored and audited to ensure compliance with the label’s requirements. Additionally, the committee will propose regulatory adjustments to align the legal framework with sector advancements.

The committee is part of the Ivorian government's broader efforts to promote digital startups. According to Partech Africa, Ivorian startups raised $17 million in 2021, $33 million in 2022, $21 million in 2023, and $33 million in 2024. Despite this growth, startups face challenges including limited access to structured financing, market entry difficulties, and the lack of a clear regulatory framework.

By providing Ivorian startups with greater visibility and a structured environment, the initiative is expected to enhance their competitiveness. The long-term goal is to develop a robust digital economy that creates jobs and generates added value for Côte d'Ivoire.

By Samira Njoya,

Editing by Sèna D. B. de Sodji