Tunisia’s Tech Ecosystem By the Numbers

Smart Capital, Caisse des Dépôts et Consignations (CDC), and Startup Genome have teamed up to spotlight Tunisia’s entrepreneurial ecosystem in the Global Startup Ecosystem Report:

• The ecosystem created $241million in Ecosystem Value from Jul 01, 2021 to Dec 31, 2023, representing 205% compound annual growth compared to Jul 01, 2019 to Dec 31, 2021 time period. Ecosystem Value is a measure of economic impact, calculated as the value of exits and startup valuations.

• #3 MENA Ecosystem in Affordable Talent — measures the ability to hire tech talent

• Top 10 MENA Ecosystem in Funding— measures innovation through early-stage funding and investor’s activity

• Top 15 MENA Ecosystem in Talent & Experience — measures long-term trends over the most significant performance factors and the ability to generate and keep talent in the ecosystem

• Top 15 MENA Ecosystem in Bang for Buck — measures the amount of runway tech startups acquire, on average, from a VC round

• Top 15 MENA Ecosystem in Performance — measures the size and performance of an ecosystem based on the accumulated tech startup value created from exits and funding

• Top 20 MENA Ecosystem in Knowledge — measures innovation through research and patent activity

• The AI, Big Data, & Analytics, Life Sciences, and Blue Economy sectors are highlighted for their density of talent, support resources, and startup activity

• The Women Call initiative, the Startup Act 2.0, and Tunisia’s new self-entrepreneur registration platform are cited as reasons a startup should move to the ecosystem

"The Innovative Startups and SMEs Project will increase access to finance and support growth through Anava Fund of Funds and InnovaTech financing, ecosystem and firm-level support to strengthen entrepreneurship, and project management and capacity building," says Nejia Gharbi, CEO of CDC.

"With Tunisia's Ecosystem Value growing by 205%, we're proud to collaborate with Smart Capital and Caisse des Dépôts et Consignations to support local startups. Tunisia's integration into our global network of innovators fosters further success through shared insights and best practices," shares Stephan Kuester, Managing Partner at Startup Genome. "Moreover, Tunisia's startup ecosystem has greatly benefited from its Startup Act, which I believe serves as a global best practice that can inspire many other ecosystems as well."

For more insights and an overview of Tunisia’s startup landscape, visit the Tunisia ecosystem page.

To learn more about startup ecosystems around the world, view the full, free Global Startup Ecosystem Report.