IPDEV is awarded a €1 million grant from the Argidius-ANDE Finance Challenge

On the brink of its 1st closing, IPDEV 2 is awarded a 1 million EUR grant from the Argidius-ANDE Finance Challenge

I&P Développement was announced winner of the Argidius-ANDE Challenge and received a 1 million EUR grant at the Annual ANDE Meeting held on 9/29^th at Glencove. This challenge awards replicable and sustainable projects that would unlock capital for small growing businesses in emerging markets, with early-stage funding needs comprised between $20 000 et $250 000. It aims at inspiring new financial models with successful on-field results. Thanks to this grant, IPDEV 2 closes a first grant raising campaign and validates the viability of its model.

IPDEV 2 is an African investment funds incubator dedicated to small African businesses. It targets the creation of 10 local funds led by African teams in 10 African countries over the next decade. IPDEV has already proved its methodology in Niger (Sinergi) and in Burkina-Faso (Sinergi Burkina) and is about to launch Teranga Capital in Senegal. 

To learn more about IPDEV 2

Read the press release

Read more about the AAFC

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