MTI Investment

The project's primary mission is to empower entrepreneurs in the Agriculture, Renewable Energy, and Blue Economy sectors in Kenya and Tanzania. Through a collaboration between Techbridge Invest, University of Agder, and MTI Investment, knowledge exchange and cross-cultural understanding will be facilitated by the exchange of 18 young people among the partner organizations over a two-year period.

Each partner contributes unique expertise to the project: The University of Agder offers academic best practices and sector-specific knowledge; TechBridge Invest assists in establishing an accelerator program in Zanzibar and Tanzania, while MTI Investment brings over a decade of experience in investing and accelerating businesses in East Africa, primarily in Tanzania. In 2024, the partners will jointly receive a total of USD 260,645, with USD 90,984 (approximately SEK 1 million) is allocated to MTI.

Key project aspects encompass enhancing organizational proficiency, promoting innovation and co-creation of market opportunities, building competence within the organizations, and developing entrepreneurial and scalability skills among entrepreneurs. Initiatives such as capacity-building, knowledge sharing, mentorship programs, and access to expert advice will empower partners and entrepreneurs to effectively grow and sustain their enterprises. The project also aims to facilitate increased investments and funding for startups in the Agriculture, Renewable Energy, and Blue Economy sectors.

Pontus Engström, CEO at MTI Investment SE, noted, "With the NOREC grant funding, we have a unique opportunity to address critical challenges and contribute to the creation of job opportunities and sustainable enterprises in key sectors. Our collaboration with Techbridge Invest and the University of Agder is designed to bring meaningful impact to the region. The grant allows us to expand our team and to build better capacity."

Froydis D. Archer, CEO at TechBridge noted "We are delighted to receive continued support from NOREC to strengthen our capacity and knowledge transfer to entrepreneurs in East Africa. With two new partners; MTI and UiA onboard, our mission to BE the bridge between African entrepreneurs and private equity will be more solid and sustainable.