Who are we
IDEA Foundation is established in Norway under the Lotteri og Stiftelses Tilsynet.
The Foundation is a private intiative based on a strong belief and the great help of generous supporters.
In many African countries there are now prospering educational institutions and universites. Many graduates have great ideas for business ventures they want to start but where do they go?
The concept is that by offering support to business ideas, Africans can create sustainable development for Africans.
IDEA Foundation is founded by people with executive background from the financial industry. The ambition is that this experience and the network will contribute to a new form of developing aid - Combining business competence with philanthropy.
IDEA Foundation will provide the financing of projects recommended by the Universities and Business Schools we work with. IDEA will also cooperate to establish a business advisor and mentor network for the students.
IDEA Foundation is a revolving “not for profit” foundation. The financial support will work as a repayable grant and can also be set up as a joint ownerships with the student.
IDEA Foundation will be administered by a Board and Investment Committee and will work closely with the local University, Business School and “Business Incubator” in selected institutions in emerging markets in Africa.