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PROFILES: The 10 Ugandan startups that have received USD127,492 from The Innovation Village and Mastercard Foundation’s The 97Fund Supported by Mastercard Foundation under the Young Africa Works Program, The 97Fund, is an initiative of The Innovation Village and is managed by Ortus Africa Capital. It is a blended capital early-stage fund that invests in high growth early-stage companies in Africa that was launched in April 2020. The 97Fund takes an active, hands-on approach to help entrepreneurs to increase their chance of success by applying extensive operational knowledge and providing access to capital and funding. Just last week, The 97 Fund announced the first five investment beneficiaries under their 97 COVID-19 Relief Fund. The Five, who are receiving a total of USD52,492 in grants and venture building support for three months, join another group of 5 startups that received a total of USD75,000 under two previous initiatives- The Future of Work and Game Changers initiatives which together received a total of $75,000.
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