Ask any African startups what their major challenge is and most will likely
say lack of, or inadequate funding. The economic development of many African
countries is dependent on the success of local SMEs receiving the financial aid they so
need to grow and expand. African start-ups have six major barriers to overcome:
Limited access to financing, weak infrastructure, inconsistent government policies and
regulations, stiff competition from globalization, cross-border payments, and negligible
government support.
Is there anything Cryptogene can do about this?
тнe solυтιon can вe ғaιrly and easιly aттaιned: sмall вυsιness owners ιn
aғrιca need sтarт-υp capιтal as well as adeqυaтe тraιnιng and ĸnowledge тнaт wιll assιsт
тнeм ιn вυιldιng ғeasιвle вυsιness plans, wнιcн wιll, ιn тυrn, ιncrease тнe cнances oғ
receιvιng ғυndιng. тнιs ιs wнere тнe вlocĸcнaιn woυld prove parтιcυlarly вeneғιcιal.
crypтogene-вυιld allows мeмвers тo sнare тнeιr вlocĸcнaιn sтarт-υp ιdeas and geт
crowdғυnded. developers and oтнer relaтed servιce provιders can also pledge
ιnvolveмenт ιn varιoυs ιdeas, ιғ need вe. anoтнer ιnтeresтιng ғeaтυre ιs тнe aвιlιтy oғ a
мeмвer тo posт a concepт wнιcн can ғυrтнer вe proмoтed and developed вy coммυnιтy
мeмвers vιa вraιnsтorмιng