To help entrepreneurs grow their startups into successful, scalable businesses, Ennovate Ventures offers incubation programs, a venture studio, and financing opportunities.

Ennovate Ventures is a pan-African venture capital firm and micro-fund that supports and finances African innovators. Based in Tanzania, it helps emerging technology companies integrate disruptive innovation and sustainability into their business operations.

Launched in 2018, Ennovate Ventures was founded by Francis Omorojie, an entrepreneur and petroleum engineer who is a venture capital partner. It aims to help its customers achieve optimal business performance.

Ennovate Ventures' mission goes beyond mere financial backing. Through its venture-building arm, Ennovate Hub, the company cultivates a pipeline of promising startups through incubation programs. These programs emphasize market-driven, data-centric business models that prioritize scalability and value creation.

Ennovate Hub spearheads initiatives like the Ennovate UniSpark Project, a week-long design sprint that brings together university innovators to collaborate on projects. Additionally, programs like Girls TechSpire and Digify-Tech empower young women and Tanzanian youth with digital skills and access to online work opportunities.

Ennovate Ventures also has a Venture Studio, which offers entrepreneurs the opportunity to co-found and run high-growth technology startups. It also offers a digital platform to accelerate investment transactions between startups and investors. Called VentureRoom, the latter does all the initial work of identifying the most promising startups, carrying out due diligence, and listing startups according to sector, stage of maturity, location, and funding round.

Since its inception, the company has supported over 1,000 digital entrepreneurs and invested $100,000 in early-stage startups in East Africa. With over 20 partners, it has made 11 investments in high-growth technologies. Notable portfolio companies include Farm Noksi, an agricultural e-commerce platform, Gigs Afrika, a pan-African gig economy marketplace, and Kikundi, a fintech app for savings, loans, and investment management.

Melchior Koba