2025 ECOWAS Startup Competition at African Forum on Research and Innovation (FARI) , Africa

Contests

African Forum on Research and Innovation (FARI)

Posted:

February 23, 2025

Deadline:

This expired on

February 28, 2025: 12:00 am

Description

Applications are now open for the 2025 ECOWAS Startup Competition. The African Forum on Research and Innovation (FARI) is the ECOWAS forum dedicated to the promotion ofScience, Technology and Innovation. Its creation was the subject of a decision (A/DEC/.1/6/21) by the eighty-sixth Ordinary Session of the Authority of Heads of State and Government. This is the decision establishing and organizing the African Forum on Research and Innovation of ECOWAS (FARI).

For this second edition, ECOWAS approved the establishment of the Jury for the selection of the three (03) best Start-ups in the regional competition and the Scientific Committee of the Forum. FARI-2025 involves the participation of start-ups, experts and Ministers of ECOWAS Member States in charge of Science and Technology, the President of the Republic of Benin (host country) and the Chairman-in-Office of ECOWAS.

Objective

  • Select three (3) start-ups at the national level to take part in the regional exhibition during FARI;Award the three (3) best start-ups at the regional level.

Expected Results

  • Three (03) start-ups at the national level are selected;T
  • he three (03) start-ups selected at the national level participate in the exhibition during FARI.
  • The three (3) best start-ups awarded at the regional level.

Eligibility of start-ups

Start-ups must meet the following conditions:

  • Come from an ECOWAS member country;
  • Have their headquarters in an ECOWAS member country;
  • Be less than five (5) years old;
  • Respect the rules and deadlines for submission 

The start-up competition
The competition is open to any start-up that meets the eligibility conditions. It takes place in two (02) stages:

– Step 1: Selection of national start-ups

Online via the official FARI website

Opportunity Overview

Organisation

African Forum on Research and Innovation (FARI)

Category

Location

Expiration Date

This expired on

February 28, 2025

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African Forum on Research and Innovation (FARI)

Oranisation Overview

The Heads of State and Government of fifteen West African Countries established the Economic Community of West African States (ECOWAS) when they signed the ECOWAS Treaty on the 28th of May 1975 in Lagos, Nigeria.

The Treaty of Lagos was signed by the 15 Heads of State and government of Benin, Burkina Faso, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Mali, Mauritania, Niger, Nigeria, Sierra Leone, Sénégal and Togo, with its stated mission to promote economic integration across the region. The Senegalese President was represented by the Minister for Foreign Affairs. Cabo Verde joined the union in 1977. The only Arabic-speaking Member Mauritania withdrew in December 2000. Mauritania recently signed a new associate-membership agreement in August 2017. On January 29, 2025, Burkina Faso, Mali and Niger officially withdrew from ECOWAS.

The current Member States of ECOWAS are Benin, Cabo Verde, Côte d’Ivoire, The Gambia, Ghana, Guinea, Guinea Bissau, Liberia, Nigeria, Sierra Leone, Sénégal and Togo.

Considered one of the pillars of the African Economic Community, ECOWAS was set up to foster the ideal of collective self-sufficiency for its member states. As a trading union, it is also meant to create a single, large trading bloc through economic cooperation.

Integrated economic activities as envisaged in the area that has a combined GDP of $734.8 billion, revolve around but are not limited to industry, transport, telecommunications, energy, agriculture, natural resources, commerce, monetary and financial issues, social as well as cultural matters.

In 2007, ECOWAS Secretariat was transformed into a Commission. The Commission headed by the President, assisted by a Vice President, five Commissioners and the Auditor-General of ECOWAS Institutions, comprising experienced bureaucrats who are providing the leadership in this new orientation.

The ECOWAS budget is essentially financed by revenue collected through the Community tax. The tax was introduced to finance its activities. The rate of the Community levy is set at 0.5% of the CIF value of goods imported from non-ECOWAS countries.