Considering the situation at the end of the third quarter of 2019, ”the number of hubs identified across Africa is 643, including coworking, incubators, accelerators and other hybrid hubs affiliated with governments, universities or companies,” says Dario Giuliani, the founder and director of Briter Bridges. He adds that 314 such structures had been identified by 2016, and 442 by 2018. According to the study, 40% of respondents said they also provide financial support to start-ups. This financial support is mainly in the form of equity investments (30%), donations (23%), or non-share investments (13%). These funds can be as high as $250,000, but the vast majority of support is between $1,000 and $5,000. The majority of support provided by the hubs consists of mentoring and access to a dynamic environment where startups can interact and learn from each other,” the report says.
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