Innovex pockets almost $380,000 in grants, $22,000 in loan

Innovex, a beneficiary of ITC’s Netherlands Trust Fund IV project, clinched two grants worth nearly $380,000 last year that will help the Ugandan tech start-up sell its product to more African companies.

One of the biggest challenges for African tech start-ups such as Innovex is securing funding to carry out day-to-day operations – and to grow. But the Ugandan firm entered 2020 with a healthy bank account after raising $379,843 in grants last year.


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