CTIC Dakar is the first incubator and accelerator devoted to IT entrepreneurs in Francophone Sub-Saharan Africa.
Registered as a non-profit, CTIC is an entrepreneurial public-private partnership initiated by the private sector and supported by the Government of Senegal, the World Bank / infoDev, the German Cooperation (GIZ), the Center for Enterprise Development of the EU and Orange (Leading Telco in West Africa).
In two years only, CTIC has become a reference in the field of incubation in Africa and is charting a course toward financial self-sustainability. Its business model relies on royalties taken on the revenue growth of the supported companies. In other words, if the companies don’t grow, neither does CTIC Dakar! In 2012, its 11 supported companies had an average revenue growth of 85% and a total revenue of USD 2 Millions.
The incubator now support 14 companies in its incubation program and 10 young startups in its accelerator.
CTIC team now involves 8 people and several volunteers !