Blue economy ventures are invited to apply for the second edition of BlueInvest Africa, where 30 projects will be selected for presentation to a panel of investors in Kenya on July 3-4.
Launched by the European Commission in 2022, BlueInvest aims to facilitate connections between African entrepreneurs seeking financing and international investors searching for opportunities, focusing on projects that can advance Africa’s blue economy.
The term “blue economy” encompasses sustainable economic activities in marine or inland water environments, including traditional sectors like fishing, tourism, and transport, as well as cutting-edge areas such as biotechnologies, aquaculture, and renewable energies.
The event will showcase 30 “blue” projects to a panel of investors and stakeholders, both physically present and online, with the primary goal of attracting partners willing to support the development of these projects.
The call for projects targets companies based in Africa, officially registered, and already active in one or more sectors of the blue economy. BlueInvest Africa 2024 is also reaching out to African small, micro, and medium-sized enterprises (SMMEs) with innovative ideas that require support to thrive in African markets.
Projects submitted to the BlueInvest Africa selection committee must be under development, fall within a blue economy sector, and be set for deployment in one or more African countries. Additionally, they must incorporate sustainability objectives, covering production, implementation, and the project’s life cycle.
Applications are open until January 26.
