Cape Verde kickstarts BOOST. CV initiative, aiming to transform young individuals into self-sustaining digital business owners.
Cape Verde Launches BOOST.CV to Empower Young Entrepreneurs
In a bold move to foster digital innovation and entrepreneurship, the government of Cape Verde has launched the BOOST.CV National Startups and Digital Business Acceleration Program. This initiative, unveiled at TechPark, a hub for digital solutions, aims to support, empower, and accelerate the growth of startups and digital businesses in the country.
At the heart of BOOST.CV are young entrepreneurs, youth diaspora, and female entrepreneurs. The program is designed to provide these groups with resources, mentoring, and training to enhance startup viability and scaling potential. This focus on empowering the youth and women is a key component of Cape Verde's Digital Nation strategy.
The program is a strategic step towards digital growth, aligning closely with the government's broader efforts to stimulate innovation within the country and among its diaspora. It includes capacity building measures such as teaching startups how to develop a Minimum Viable Product (MVP), indicating a hands-on approach to business development and market readiness.
Cape Verde's ambition is to transform into a living laboratory of digital innovation, leveraging its local and diaspora talent as its most valuable resource. The ultimate goal is to turn the nation into a digital bridge between Africa, Europe, and America.
As part of this initiative, the Morabeza Fund, an innovative $24 million fund, will support tech startups led by youth and women. This fund, along with the BOOST.CV program, is a component of the government's strategy to promote digital growth.
The government views BOOST.CV as a public policy instrument to create real impact. It is an initiative aimed at helping entrepreneurs in Cape Verde and its diaspora, with the message to young people being "don't walk alone," and to the diaspora, "come back, even if virtually."
BOOST.CV is part of a broader set of initiatives, including the Startup Act-legislation and the Morabeza Fund, which are all aimed at fostering a strong startup ecosystem in Cape Verde. While detailed information about the program’s duration, specific acceleration milestones, funding mechanisms, or partners was not found, the emphasis on youth, women, and digital business acceleration is clearly established.
In conclusion, the launch of BOOST.CV solidifies Cape Verde's commitment to digital innovation and entrepreneurship, providing a platform for young entrepreneurs to thrive and contribute to the nation's economic growth.
- The BOOST.CV program in Cape Verde focuses on empowering young entrepreneurs, youth diaspora, and female entrepreneurs by providing resources, mentoring, and training in technology, enabling them to develop a Minimum Viable Product (MVP) and scale their startups.
- In line with the government's Digital Nation strategy and broader efforts to stimulate innovation, education-and-self-development opportunities are being offered through the Morabeza Fund, which supports tech startups led by youth and women in areas such as technology, lifestyle, and education-and-self-development, contributing to Cape Verde's ambition to become a digital bridge between Africa, Europe, and America.
