Alternative Funding Sources For Digital Innovation

Access to funds has been a major challenge for startups in the African ecosystem. African Digital Innovation Hubs (DIHs) have and continue to play crucial roles in enabling startups to become aware of different funding sources available to African startups in the digital ecosystem. New funding sources have emerged yet there is still a knowledge gap about some of these new alternative funding sources (crowdfunding, micro-credit, loans and grants) for startups leading to a slow adoption and maximization of these opportunities.

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To address this challenge, AfriconEU, the first Trans-continental Networking Academy for African and European Digital Innovation Hubs in partnership with African Technology Business Network (ATBN) will host a virtual webinar on “Alternative Funding Sources for Digital Innovation”

The main objective of this webinar is to discuss non-traditional funding sources that are available to digital innovators. It will address the pros and cons of various types of alternative funding sources such as crowdfunding, micro-credit, loans and grants. The mechanical elements of these funding sources will be addressed, along with their common uses, how they correlate with other funding sources and how projects can position themselves to take advantage of these sources.

Topics to be discussed:

    • Traditional Funding Sources (In Brief)
    • Introduction to Non-Traditional/Alternative Funding Sources
    • Uses, Pros and Cons of Non-Traditional/Alternative Funding Sources:
  • Crowdfunding
  • Microcredit
  • Loans
  • Grants
  • How a startup can position itself to take advantage of these sources

Who should attend?

  • Leaders of DIHs (tech hubs, universities, incubators, accelerators)
  • Investors
  • Youth
  • Start-ups
  • Entrepreneurs and entrepreneur support network leaders
  • Digital skills providers

Date: Wednesday, 14th December, 2022

Time: 11 am – 12:30 pm GMT

Speakers:  Angie Madara, Founding GP at Athena Fund



11.00 – 11.15 – Welcome and introductions

11.15- 11.45 – Speaker presentation

11.45- 12.10 Discussion (moderated by Eunice)

12.10 – 12:25 Audience Q & A

12.25- Closing remarks

Host: Eunice Baguma-Ball – Executive Director at ATBN with over 12 years’ experience leading digital inclusion, female entrepreneurship and impact technology programmes around the world.

This event is part of the new AfriConEU project to support African and European Digital Innovation Hubs in capacity building, knowledge sharing, networking, collaboration, joint projects and ventures development. The project is being delivered by a consortium of partners including ATBN, INOVA+, Emerging Communities Africa, Youthmakers Hub, Porto Business School, OutBox, Dpixel, Stimmuli, ITC , Buni Hub and HapaSpace.

For more information, visit our websites: and 


AfriConEU project has received funding from the European Union’s Horizon 2020 research and innovation programme (GA no. 101016687).

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