The Funguo Innovation Programme has announced a significant expansion of its investment portfolio to TZS 6.5 billion, reinforcing its commitment to advancing innovation, job creation, and sustainable development across Tanzania. The latest round of catalytic funding will support 13 high-potential startups and MSMEs, providing the capital and technical assistance they need to scale impactful solutions and attract follow-on investment.
The initiative, launched by UNDP Tanzania with support from the European Union EU, Finland, and the United Kingdom, aims to strengthen Tanzania's innovation ecosystem by empowering entrepreneurs-particularly youth and women-to overcome systemic challenges in access to finance, mentorship, and market opportunities. Through strategic partnerships, Funguo is creating an enabling environment where innovators can develop market-ready products that drive inclusive economic growth.
Since its inception, the programme has supported 74 startups and enterprises across diverse sectors, including agritech, green innovation, digital services, and social entrepreneurship. Its approach focuses on building resilience and sustainability by helping businesses align with the Sustainable Development Goals SDGs, ensuring that innovation contributes directly to social and environmental impact.
