Tunisia Innovative Startups and SMEs Project

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The development objective of the Innovative Startups and Small and Medium Enterprises Project for Tunisia is to increase access to finance and support the growth of innovative startups and small and medium enterprises. The project will comprise three components. First component, Equity and Quasi-Equity Financing for Innovative Startups and SMEs will provide equity and quasi-equity financing through both Anava Fund of Funds and InnovaTech Fund to invest in approximately 280 innovative startups and SMEs; Second component, Ecosystem and Firm-Level Support for Innovative Startups and SMEs will provide grants to startups and ecosystem intermediaries to build a high-quality deal flow and strengthen the entrepreneurship ecosystem; Third component, Project Management and Capacity Building will cover the costs incurred by the Caisse des Dépôts et Consignations (Deposits and Consignments Fund) (CDC) in its role as the Project Coordination Unit (PCU).