On September 10, a press conference was held to mark the official signing of the contract between Kmer Tech and the European Union for the financing of the TIE Project.It was in the presence of His Excellency the Minister of Small and Medium Enterprises, Social Economy and Handicrafts (MINPMEESA), the Ambassador of the European Union, diplomatic personalities such as the Canadian High Commissioner in Cameroon, the representative of the German Cooperation GIZ, economic operators such as the coordinator of CAON-FED etc.
First of all, let’s start at the beginning and talk about Kmer Tech in more detail.
What is Kmer Tech?
Kmer Tech is the Cameroonian network of support structures for technological and innovative entrepreneurship aimed at preparing the ecosystem for a better influence of technological and innovative entrepreneurship to boost the digital economy. Created in June 2020, KMER TECH is made up of incubators, accelerators, FabLabs with years of experience in supporting young entrepreneurs. The network is spread over almost 8 regions with nearly 30 affiliated structures (members and supporters).
Since its creation, Kmer Tech offers a set of programs, training and support for actors in the field of technological innovation and the TIE Project is one of these programs but particularly the one that caught the eye of the European Union.
About the TIE Project
TIE stands for Technology-Innovation-Entrepreneurship and is a program designed by KmerTech and funded by the European Union to provide applicable and relevant solutions to outstanding socio-economic problems in Cameroon. This is in response to the spread and impact of COVID19 in Cameroon. The TIE project will be based on 3 pillars: strengthening the capacities of the support structures for technological and innovative entrepreneurship; training entrepreneurs/startups in their field of activity; structuring the large Kmer Tech network in a more solid form. The program will also have 2 major events which will be the TIE National Conference and the TIE Champion competition.
Funding from the European Union
As we all know, the EU and its member states are collectively the largest provider of official development assistance on the continent. The partnership officially signed on Friday, September 10, 2021 between Kmer Tech and the European Union will allow to finance up to 150 000 € the TIE Project to develop the entrepreneurial ecosystem of Cameroon by The training and equipment of support structures; The structuring and development of KMER TECH; The training, support and a significant funding for startups in a period of 15 months to implement this project.