The OVO Acceleration Fund

The OVO Acceleration Fund provides affordable, tailor-made loans to African start-ups whose projects have an impact qua sustainability. Not subsidies therefore, but repayable loans that incentivises entrepreneurs to actualise their ambitious growth. In this way, the fund is regularly replenished thereby ensuring that your donation has a lasting impact. It is due to this approach that OVO won the 'European Business Award for the Environment'.

OVO selects projects with an acceptable level of risk and an effect on sustainability in the local environment. Individuals as well as entrepreneurs and companies in Belgium can make a donation.

Due to the coronavirus crisis, vulnerable groups experience greater difficulties. That is why individuals will receive an exceptional 60% tax reduction in 2020 for each donation to officially recognized charities. In fact, a donation of 5,000 euros costs only 2,000 euros. Companies may deduct donations to recognized charities for tax purposes, which means a reduced tax burden.

Both individuals and companies receive a tax certificate from the King Baudouin Foundation as from 40 euros.
Discover more about the OVO Acceleration Fund, get to know the start-ups or read the frequently asked questions.

Donate

You also want to support African entrepreneurs? Donate now to the OVO Acceleration Fund.
From a donation of 40 euros, you will receive a tax certificate from the King Baudouin Foundation.

If you wish to pay by bank transfer, you can do so on account number BE10 0000 0000 0404 with the structured code ***018/0530/00002***.
If you wish to pay by bank card, you can easily do so via this link:

Donate now

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News

A year and a half OVO Acceleration Fund: what is our impact?

In April 2019, the OVO Acceleration Fund was launched. A year and a half later, we proudly present the African start-ups that were able to start up and grow thanks to the fund.

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Akaboxi receives the D4D prize for best digital startup

Akaboxi, a project on financial inclusion,
wins the 'Digitization for Development' award."
It is an initiative by and for the local population",
the jury praises the winner, who is financed and supported
by Entrepreneurs for Entrepreneurs and Close the Gap.

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Tti Pre-cooked Beans gets a loan from OVO: “It is very satisfying to give someone a chance”

Thanks to a loan from OVO, entrepreneur Leonard Shayo can start producing pre-cooked beans in Tanzania. "It's fantastic to help develop a project like this," experienced Hugo Van de Voorde, the volunteer who prepared the investment for OVO.

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Entrepreneurship in times of corona: Crop Tech

Dealing creatively with challenges is second nature to entrepreneurs. But how do African entrepreneurs deal with a global crisis such as the corona epidemic? We asked CropTech, a Rwanda based manufacturer of solar-powered drying systems.

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Entrepreneurship in times of corona: Akaboxi

Dealing creatively with challenges is second nature to entrepreneurs. But how do African entrepreneurs deal with a global crisis such as the corona epidemic? We asked Akaboxi, a Ugandan company that a company that develops software that allows local farmers to save money safely.

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Entrepreneurship in times of corona: Innovex

Dealing creatively with challenges is second nature to entrepreneurs. But how do African entrepreneurs deal with a global crisis such as the corona epidemic? We asked Innovex, a Ugandan company that uses solar energy via IoT, Internet or Things.

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Entrepreneurship in times of corona: Trautbuck Energy

Dealing creatively with challenges is second nature to entrepreneurs. But how do African entrepreneurs deal with a global crisis such as the corona epidemic? We asked Trautbuck Energy, a renewable energy start-up based in Kampala.

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Akaboxi is financed with the support of OVO

The Ugandan company Akaboxi can continue its project thanks to the support of OVO. Akaboxi has developed a handy digital system that tracks the individual savings of local farmers and organisations. Financing has been secured thanks to the contribution of Close The Gap and the OVO Acceleration Fund.

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MNB is the first project funded by the OVO Acceleration Fund

Moulin du Nil Blanc Ltd' (MNB) from Rwanda is the first project financed by the OVO Acceleration Fund of OVO. "It is a very important step for the OVO Acceleration Fund," says general manager Björn Macauter, who points out that in the near future several African social and sustainable entrepreneurs will be eligible for financing.

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Entrepreneurs for Entrepreneurs establishes investment fund

In addition to its NGO and B2B models, Entrepreneurs for Entrepreneurs has now launched an investment fund too. The organization is currently engaged in negotiations with the King Baudouin Foundation to host the fund.

Read more