CTIC Dakar

Company profile

CTIC Dakar company profile

CTIC Dakar is the first incubator and accelerator devoted to IT entrepreneurs in Francophone Sub-Saharan Africa. Registered as a non-profit, CTIC is an entrepreneurial public-private partnership initiated by the private sector and supported by the Government of Senegal, the World Bank / infoDev, the German Cooperation (GIZ), the Center for Enterprise Development of the EU and Orange (Leading Telco in West Africa). In two years only, CTIC has become a reference in the field of incubation in Africa and is charting a course toward financial self-sustainability. Its business model relies on royalties taken on the revenue growth of the supported companies. In other words, if the companies don’t grow, neither does CTIC Dakar! In 2012, the average revenue growth of its 11 companies supported was 85%. The center now supports 13 companies which generate revenues and has accelerated more than 30 startups in 2 years. The center first graduate company is People Input, now one of the leading Digital Agency in West Africa.