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RWANDA - Rwanda Innovation Fund
The Government of Rwanda wants to create a ‘smart’ economy built, in part, on local, tech-focused solutions. The Rwanda Innovation Fund (RIF), to be established under the proposed project, aims to address the financing gap that tech-enabled companies face at different growth stages in Rwanda and in the wider East African region. In order to address the financing gap, the project will establish affordable funding mechanisms for growth companies. To achieve this, the project will provide equity financing for Tech Enabled Small and Medium-size Enterprises (SME’s), train techoriented entrepreneurs in business planning and management, and increase awareness and sensitization with respect to intellectual property rights. The Fund is expected to support one hundred and fifty (150) companies at various stages of growth, invest in about twenty (20) early growth stage opportunities, and create roughly two thousand (2000) direct jobs and an estimated six thousand (6,000) indirect jobs throughout its lifecycle (ten (10) years + two (2) years).