Consulting Services, Accompanying Measures for the ANAVA Fund of Funds

Project

The main objective of the project is to improve access to finance for innovative and scalable start-ups in Tunisia as well as to create quality jobs in the long term. By providing equity investments via venture capital funds, Tunisian start-ups will be able to further develop their innovative products and establish a sustainable position in the local and global markets. With market stability, the supported start-ups will also be able to generate positive macroeconomic spin-offs as well as direct and indirect employment benefits. Direct beneficiaries of the project are the fund management company Smart Capital and its staff, who are responsible for the operation of the fund of funds, as well as the first time funds and first time teams who will be backed by the GP incubator program. The indirect target group are start-ups which, through the VC funds, have access to appropriate financial services, and (indirectly) the employees of the start-ups and their families.

Brief Description of the Contract:

The services provided by the Consultant shall be directed towards achieving the objectives of the project. Therefore, services to be rendered are broken down into two main tasks, which are in turn subdivided into various tasks:

• a. Strengthening Smart Capital and the processes of the FoF by Know-How-Transfer
• b. Enhancing the project through selected measures to reinforce the environment, targets, and operations of the FoF