About SusTech4Africa
OVO aims to support and promote sustainable entrepreneurship in Africa through the concept of "Sustainable Technologies for Africa" (SusTech4Africa). To this end, OVO collaborates with renowned organizations such as the Flemish Institute for Technological Research (VITO) and ICHEC Brussels Management School. SusTech4Africa seeks to help Senegalese companies and entrepreneurs accelerate their growth and prepare both a business plan and a corresponding financial plan.
Following a rigorous selection process taking place in August 2025, up to 10 companies will be selected to participate in a multi-day ‘Boost Camp’. During this camp, they will attend training workshops on topics such as sustainability, finance, human resources, sales, and marketing. They will be coached by both local and international experts, as well as students.
At the end of the Boost Camp, the top projects will be eligible for further support over a period of 6 to 12 months, and potentially receive funding to support the growth of their business. If funding is granted, management support will continue until the loan is fully repaid.
OVO Entrepreneur Support: SusTech4Africa
- Intensive coaching to define and support business growth processes
- Guidance in optimizing the business plan and financial plan
- After 6 to 12 months of coaching: presentation of the business project to the OVO Investment Committee; if approved, possibility of receiving funding via a loan or equity investment
- Ongoing support for business growth throughout the financing period
- Preparing the company for future growth phases and for presentation to new potential partners
- Organization of exchanges and networking between entrepreneurs
Benefits for Selected Projects
OVO’s support for business growth, both prior to investment and during the financing period, covers a broad range of services, such as:
- Business model optimization
- Development of an optimal business plan
- Financial planning
- Management assistance
- Project planning
- Promotion of inter-company relations
The funding requested by the company to carry out its project must be between €20,000 and €250,000. It can take the form of equity investment or a social loan, with conditions defined in collaboration with OVO and interested investors.
Selection Criteria – Target Companies
Legal Status – Financial Performance
The company operates primarily in Africa and is majority-owned by Africans
It has been officially registered as a legal entity for at least three years
It must have generated a turnover of at least €20,000 in the fiscal year 2024
The total amount of funding required ranges between €20,000 and €250,000
People – Social Responsibility
The company contributes to social impact by creating local jobs and providing essential goods and services to vulnerable or underserved populations
It maintains fair and respectful relationships with employees, clients, and suppliers
Planet – Environmental Sustainability
The company’s value chain applies or aims to apply circular economy principles
It strives to minimize its environmental and health impact, going beyond local regulatory standards for current products or services
Technology – Technological Innovation
The company’s production facilities use sustainable technologies
These technologies represent a significant improvement in sustainability compared to similar production units in the same country