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Tunisia: 21 more Startup labels awarded in December

21 new startup labels have just been awarded by the Ministry of Communication Technologies, bringing the overall number of awarded labels to 401 under the “Startup Act” program, aimed to support businesses starting up in or expanding to Tunisia.

These labels were awarded at a virtual ceremony held Wednesday in the December session, the ministry announced.

Officially launched on April 5, 2019, 248 labels were awarded out of 416 applications submitted during the period running from April 2019 to April 2020, representing an acceptance rate of 70%, according to the activity report retracing the main highlights and key indicators relating to the Startup Act activity.

The labeled startups generated a cumulative turnover of 66 million dinars in 2019, of which 72% achieved on the Tunisian market and helped create 2,829 jobs.

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