WeVenture, a newly established local venture capital-backed incubator, has officially opened its doors. Supported by a coalition of successful local investors and professionals, including Yonaiel Tadiwos, Manager at Kuriftu Resort and Boston Day Spa, the hub aims to identify, nurture, and scale startups with breakthrough innovations, assisting them in securing the necessary private and public capital to grow and implement ideas.
With the goal of supporting eight to ten startups in its first year, WeVenture will run both incubation and acceleration programs. Co-founded by Noel Daniel and Makeda Tsegaye, WeVenture is located on the second floor of Sur Construction Building in the Bole area.
“We require more privately funded hubs in the country. WeVenture is crafted to uplift startups and establish a professional and open workspace,” stated Noel Daniel, Co-Founder & Managing Partner of WeVenture, in a conversation with Shega.
Venture capital is a form of private equity financing that…
