-
About
-
Global
-
About GEN
Operating in 200 countries to make it easier for anyone to start and scale.
-
Board + Staff
Leading the strategic direction and daily execution of the GEN mission.
-
Our Partners
A range of organizations contributing expertise, experience and energy.
-
About GEN
-
National Leadership
-
Managing Directors
Individuals leading GEN chapters and all aspects of national engagement.
-
Global Leaders
Individuals contributing to national engagement in GEN programs.
-
Managing Directors
-
Compass Awards
Celebrating excellence and honoring those making a difference.
-
Contact GEN
Reach out to our team with any questions.
-
Global
-
Our Work
-
Our Pillars
-
GEN Ecosystems
Stronger and more globally-connected entrepreneurial ecosystems.
-
GEN Founders
Empowering innovators from all backgrounds to achieve their full potential.
-
GEN Invest
The right capital in the right hands – at the right time.
-
GEN Policy
Evidence-based ideas for smart policy design to help entrepreneurs thrive.
-
GEN Ecosystems
-
Our Work
-
GEN Programs
View a list of all our programs.
-
GEN Events
Flagship events + ongoing event series driving connectivity.
-
GEN Programs
-
Our Impact
-
Impact Reports
In-depth look at GEN’s impact each year since it began in 2008.
-
Impact Stories
Examples of GEN’s impact on individuals and ecosystems around the world.
-
Impact Reports
-
Our Pillars
-
Resources
-
GEN Connect
-
Ecosystem Connect
Connect with ecosystem builders + community leaders worldwide.
-
Founder Connect
Connect with founders building the next generation of startups.
-
Investor Connect
Connect with angels, VCs + other investors aligned to your stage + goals.
-
Mentor Connect
Connect with experienced mentors across our global network.
-
Ecosystem Connect
-
Policy + Research
-
GEN Atlas
Collection of public sector policies + programs to drive economic growth.
-
GEN Research Library
Collection of the latest research strategies, reports, data sets + more.
-
GEN Atlas
-
More Helpful Tools
-
Events Calendar
Find events advancing entrepreneurship near you + around the world.
-
GEN Speakers Bureau
Commission-free directory of speakers for your next entrepreneurship event.
-
GEN Community Directory
Searchable directory of GEN members representing 200 countries.
-
No Bad Ideas
Card game designed to help turn your ideas into great ones – no mistakes.
-
Events Calendar
-
GEN Connect
-
Events
-
Overview
Brief summary of all GEN events + gatherings
-
Global Entrepreneurship Congress
Global gathering of delegates shaping the future of entrepreneurship.
-
GEC+
Regional or sector-specific deep-dives built off the GEC model.
-
GEN Exchange
Virtual webinars for GEN community members to explore timely issues.
-
GEN Meetup
Open-source model to hold your own ecosystem event.
-
Startup Huddle
Chapters crowd-sourcing advice + support, one entrepreneur at a time.
-
Startup Nations Summit
Gathering of policymakers on regulatory issues + innovative programs.
-
Events Calendar
Find an entrepreneurship event near you.
-
Overview
-
News
-
Global Newsfeed
All of the unfiltered news + updates from the GEN community.
-
The Startup State
Major entrepreneurship announcements, reports, commentary + features.
-
Press + Media Kit
Official GEN assets and information for journalists, partners, and storytellers.
-
Subscribe
Sign-up to receive important updates, event invitations + more.
-
Global Newsfeed
- Countries
User login
Algeria Startup Fund
The Algeria Startup Fund (ASF) is a public venture capital initiative established in October 2020 to support the growth and development of startups in Algeria.
What are the main aims and objectives?
The Algeria Startup Fund (ASF) primarily aims to foster innovation and entrepreneurship in Algeria by providing comprehensive support to promising startups. By nurturing a robust startup ecosystem, ASF seeks to create job opportunities, especially for young Algerians, and enhance the country's global competitiveness in innovation and technology. Additionally, the fund encourages sustainable business practices and aims to support startups across different regions of Algeria, ensuring balanced economic development. Through these multifaceted objectives, ASF strives to play a crucial role in driving Algeria's economic growth and technological advancement.
How does the program work?
The ASF provides comprehensive financial and advisory services tailed to the needs of innovative startups. The ASF offers the following types of funding:
- Seed funding: The ASF provides seed funding for early-stage startups to help them develop their products and enter the market.
- Venture capital: The fund offers venture capital for startups with significant growth potential.
- Tailored funding solutions: ASF designs customized funding solutions to support business growth.
- Regional funding: In 2022, the ASF signed an agreement with Algeria's General Directorate to launch a new fund to invest in local startups across the country's 58 regional provinces.
- Equity-based funding: As a public venture capital company, ASF likely provides funding in exchange for equity in the startups it supports
The ASF also offers several advisory and mentorship options to support startups:
- Management consulting: ASF provides guidance on business strategies and organizational optimization to help startups improve their operations.
- Sector-specific expertise: The fund offers specialized advice to help startups navigate unique challenges within their specific industries.
- Financial engineering: ASF assists startups with designing tailored funding solutions to support their business growth.
- Tailored funding solutions: ASF tailors bespoke financial solutions for each startup, carefully considering their unique business model, developmental stage, and market prospects to create optimized funding packages.
What is the overall cost?
The fund has raised over 1.2 billion dinars (approx. 8.9 million dollars) which has been distributed to innovative startups.
How was it implemented?
The Algeria Startup Fund (ASF) was established in October 2020 as a public venture capital initiative to support and nurture startups in Algeria. It was created through a collaborative effort between the Ministry of Startups and six public banks in Algeria, reflecting a coordinated approach to fostering innovation and entrepreneurship in the country. Ownership of the fund is equally distributed among the participating public banks, including the Bank of Agriculture and Rural Development (BADR), Crédit Populaire d'Algérie (CPA), and the External Bank of Algeria (BEA). As part of a broader set of governmental and legislative measures aimed at transforming Algeria into a regional hub for knowledge-based and innovative startups, the ASF was designed to provide financial support specifically to companies that have obtained the "start-up label" in Algeria. To ensure widespread accessibility, the fund established representations in 16 wilayas (prefectures) across the country, demonstrating its commitment to supporting entrepreneurship throughout Algeria.
What impact has been measured?
Since its inception, the fund has reviewed over 350 startup applications and processed 139 funding requests. The ASF has raised and distributed 1.2 billion dinars to startups across different regions of Algeria, reaching startups in 22 different provinces.
Notes + Additional Context
In 2022, the government committed to invest up to $411 million in local startups across Algeria's 58 administrative provinces, though no specific timeframe was outlined for these investments. According to Sid Ali Zerrouki, the managing director of Algeria Venture (a public accelerator), the government has pledged a total of around $500 million to early stage startups.
