Tunisian Startups Struggle to Secure Funding, Opt for Internationalization
Tunisian startups face significant challenges in securing funding in their home country, leading them to seek opportunities abroad where funding and support conditions are more favorable.
France: A Hub for Tunisian Startups
France, in particular, has emerged as an attractive destination for these innovative young companies, offering a range of tailored support programs for startups.
Success Stories
Notable examples include Wattnow, a Tunisian startup specializing in energy management using artificial intelligence. Initially supported by Orange Fab, the incubation center of Orange Tunisie, Wattnow secured its first contracts with local businesses. However, to continue its growth, the company decided to establish itself in Toulouse with the help of Business France, successfully raising substantial funds in 2024.
Similarly, Kumulus, a startup producing drinking water from air, has benefited from decisive support in France. Incubated by Act'in Cube of ACTIA Group, the Franco-Tunisian startup continues to evolve within a supportive ecosystem and plans to raise new funds to strengthen its international presence.
The "Passeport Talent" Initiative
France has introduced the "Passeport Talent" initiative to attract foreign startups, providing a long-stay visa specifically designed to attract international talent contributing to innovation and economic attractiveness. This visa allows for a multi-year residence permit, targeting entrepreneurs, researchers, investors, and others. It simplifies administrative procedures for foreign startups, facilitating their installation, recruitment, and development in France.
Internationalization: A Necessity for Tunisian Startups
In response to the lack of funding, Tunisian startups are opting for internationalization, as local solutions fail to meet their financial needs. Ultimately, this departure is not a choice, but a necessity for some entrepreneurs.
