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Mozambican Startups Invited to Submit Proposals for Funding

Mozambican Startups Invited to Submit Proposals for Funding

The Confederation of Economic Associations of Mozambique (CTA), in partnership with Renew Capital (an investment consultant from Colorado, USA), held a webinar to publicise the criteria and requirements for accessing the financing line available for startups.

It is a mechanism of financial support in the form of capital reimbursement for companies with development potential.

Renew Capital is an Africa-focused company that supports innovative companies with high growth potential through investments made on behalf of Renew Capital Angels.

With the fund, CTA aims to promote a financing alternative for start-ups, a segment that faces difficulties to finance itself in a market where financial solutions tend to support already structured companies with borrowing capacity.

Renew Capital has equity solutions for startups in various sectors ranging from $500 (about 31,000 meticais) to $5 million (316 million meticais).

Interested startups can register here and submit their proposals at this link.

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