Connect’Innov and 216 Capital join forces to develop the innovative HealthTech sector in Tunisia

As part of the development of their respective activities, the Connect'Innov support structure and the 216 Capital investment fund are pleased to announce their partnership with the aim of contributing to the strengthening of the entrepreneurship ecosystem and investment in Tunisia.

Connect’Innov and 216 Capital announce their collaboration to pool their efforts to contribute to the development of the innovative HealthTech sector in Tunisia.

Both parties therefore undertake to implement, in close collaboration, the following actions:

· Collaboration from selection into the various Connect’Innov programs in order to better prepare the supported startups for fundraising;

· Intervene mutually in the respective activities of the two entities to support the structuring of the Tunisian startup ecosystem, particularly on the HealthTech theme.

· Establishment of a strategic investment committee to study investment opportunities in startups resulting from Connect’Innov programs.

· Pooling of the resources of the two partners during the design, structuring, implementation of new programs or in Due diligence processes for Projects/Startups in the HealthTech theme.

· 216 Capital and Connect'Innov will study together the implementation of systematic and concerted investment plans in a certain proportion of startups supported by Connect'Innov in order to give them the seed fund necessary for their development and mitigate investment risk of the fund.

“Funding is an important driver for the development of Tunisian startups, especially in HealthTech, a sector which often requires significant resources for the scientific and technical validation of projects,” declared Dr Wafa B’chir, Senior Partner and co-founder of Connect’Innov . “This privileged collaboration with 216 Capital will allow us to offer the startups in our programs better preparation for the Investment Readiness phase thanks to the involvement of 216 Capital Experts and will offer them the opportunity to see the fund invest quickly in their capital in the Seed phase thanks to involvement throughout the programs with us to better monitor the projects and their evolution.”

For Mrs. Dhekra Khelifi, Partner at 216 Capital, “Our strategic positioning is to get closer to structures like Connect’Innov to support the preparation for investment of projects from the start. This partnership with Connect'Innov positions us upstream on projects supported by the structure and will allow us to quickly detect interesting projects and monitor their support in order to prepare for the Investment Readiness phase and reduce the risk of our investment . We believe in the benefits of this collaboration for both parties and especially for the supported startups and we wish to actively contribute together to the creation of success stories in the Tunisian ecosystem and particularly in the HealthTech sector.”

About Connect’Innov:
Connect’Innov aims to support the development and ramp-up of innovative HealthTech projects in Tunisia.
The structure aims to encourage the development and contribute to the acceleration of Tunisian startups in the HealthTech sector and to bring them to a structured stage of “Investment Readiness” which will allow them to raise funds from Tunisian investors and /or European thanks to their dual presence on both shores of the Mediterranean.

About 216 Capital:
Led by a team of international technology entrepreneurs, investors and startup support experts, 216 Capital is a specialized investment fund (VC) that invests in all sectors and supports talented and determined founders in Tunisia and elsewhere in the Pre-seed and Seed phases..