The fund aims to support women in their bid to advance tech innovation in Africa where they still face significant access to finance challenges.

Last Monday, the Women in Innovation Fund (WiNFUND), a nonprofit accelerator supporting women-led and women-focused businesses, announced the public launch of the WiNFUND NFT Africa Collection, a collection of unique digital artworks designed by Rwandan artist Christella Bijou.

The fund, launched in 2022, also disclosed its aims. “WiNFUND is an innovative model that will help entrepreneurs grow by building an engaged, global community that will provide business support and financing through the sale of unique NFTs,” said Patricia O'Hayer, co-founder of WiNFUND.

Co-founded by consumer goods company Reckitt, the Health Innovation and Investment Exchange (HIEx), Kofi Annan Foundation, and the Ecobank Foundation, it aims to address two major inequalities, namely women’s uneven access to essential health care and finance.

It will be partly financed by the sale of WiNFUND NFT while WiNFUND NFT holders will have access to invitation-only events on the Sustainable Development Goals and will be invited to join a mentoring program to directly support successful women entrepreneurs.

In the second half of 2022, it opened applications for women entrepreneurs seeking its support. Up to now, it has received 300 applications from seven African countries. The applicants shortlisted will receive business support to help them grow, while the best will receive direct funding from WiNFUND.

Samira Njoya