In a bid to enhance its rapidly growing startup ecosystem, Algeria has officially launched the second cohort of its International Visits Program for Algerian Startups (ASEP 2024). This initiative, spearheaded by the Ministry of Knowledge Economy, Startups, and Micro-Enterprises, seeks to expose 450 Algerian startups to some of the world’s leading technology hubs, providing a platform for cross-border collaboration, innovation, and scaling opportunities.
ASEP 2024, announced during the 55th Algiers International Fair by President Abdelmadjid Tebboune, is designed to immerse Algerian entrepreneurs in the ecosystems of major tech centers in the United States, China, and South Korea. Silicon Valley, Boston, Beijing, and Shenzhen are among the cities included in the program’s travel itinerary. The startups selected for the program will have the unique opportunity to connect with major technology companies, meet global investors, and gain firsthand insights into the world’s most advanced startup ecosystems.
An Expansive Vision for Algerian Startups
The ASEP 2024 program will provide critical support to 450 startups by fully covering travel expenses such as airfare, accommodation, local transportation, and visa costs. It is not just a logistical offering but a strategic move to position Algerian startups within the global marketplace. The Algerian government hopes that exposure to top-tier technology ecosystems will catalyze innovation, allowing these startups to acquire new skills, establish partnerships, and attract investment.
The second cohort of startups, consisting of 60 companies, is set to visit the United States and China, where they will explore the ecosystems of Silicon Valley and Boston, as well as Beijing and Shenzhen — key hubs of global innovation. Future cohorts will also be visiting South Korea, broadening the scope of international collaboration. The trips, scheduled between July and October 2024, are strategically timed to coincide with global tech events and conferences.
The Impact of ASEP on Algeria’s Knowledge Economy
The International Visits Program reflects Algeria’s ambition to transition into a knowledge-based economy, reducing its dependence on hydrocarbons. Startups, particularly in sectors like fintech, health tech, and artificial intelligence, are seen as crucial engines for this transformation. By gaining exposure to ecosystems that prioritize research, development, and commercialization of cutting-edge technology, these Algerian startups could significantly scale their operations and elevate their global competitiveness.
The initiative also underscores the government’s focus on empowering entrepreneurs. Yacine Oualid, Minister of Knowledge Economy and Startups, emphasized that the program is not just about travel, but about creating “a bridge between Algeria and the world’s most advanced technological ecosystems.” The program aligns with the country’s broader strategy of fostering an environment where startups can flourish both domestically and internationally.
Eligibility and Program Details
To participate, startups must be officially labeled by the Algerian Ministry of Knowledge Economy and Startups. Each company is allowed to send one representative per trip, ensuring focused participation. Before embarking on their journeys, selected startups will undergo a pre-departure boot camp in Algiers, designed to prepare them for their international experience. The boot camp will provide key insights into navigating global markets, pitching to international investors, and adapting to different cultural and business environments.
With registration still ongoing, Algerian startups are encouraged to apply via the official ASEP website (https://asep.dz/), where they can also access detailed program guidelines. The selection process is expected to prioritize startups with the potential for rapid growth and those working on scalable technologies that align with Algeria’s long-term economic development goals.
ASEP 2024 represents a pivotal moment in Algeria’s startup journey. By opening doors to global tech powerhouses, the initiative will not only help these startups scale but also contribute to building a stronger, more diversified Algerian economy. The international visits will likely foster new opportunities for partnerships, technology transfer, and investment, helping Algeria solidify its position as an emerging player in the global startup landscape.
As the second cohort prepares for its exploratory trips, the success of the program could inspire further government-backed initiatives, potentially expanding the network of participating countries and deepening Algeria’s integration into the global tech ecosystem. The journey ahead is set to define the future trajectory of many Algerian startups as they navigate the complexities of international markets, armed with newfound knowledge, connections, and ambition.