Emmanuel Macron unveils a Franco-Algerian start-up incubator project

By : Muriel Edjo

Date : mardi, 30 août 2022 15:45

Last updated : mardi, 30 août 2022 15:51

The somewhat tense relations between Algeria and France over the past few months is gradually being normalized. The two countries now want to capitalize on their historical bond as well as development issues to boost those relations. 

During his friendly and working visit to Algeria, on August 25-26 2022, French President Emmanuel Macron (photo, center) announced several cooperation projects between the two countries. In the digital segment, in particular, he unveiled a project aimed at creating a Franco-Algerian incubator. According to the French President, the aim of the incubator is to let the two countries share their knowledge and innovations.  

Algeria has so many talents, and so do French and Franco-Algerians. That is the reason I want us to join forces to develop a bridging system [...], develop training and facilitate exchanges and joint innovations by our two countries, why not in the whole region,” he said. 

Besides a training and project maturation framework for tech entrepreneurs,  Emmanuel Macron also mentioned the creation of a €100 million fund to fund startups since financing is a key factor in their growth and success. Public Investment Bank BPIFrance will set up the fund, allowing tech entrepreneurs to promote projects, he added. 

During the working visit, business mogul Xavier Niel, who was also part of the French delegation, announced the forthcoming launch of Ecole 42, a free coding school.  The school was announced in 2017 but its launch has been delayed up to now. 

Muriel Edjo

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