100startups.co
100startups.co is a Madagascar-based social enterprise that runs a multi-phase program of identification, training, mentoring, and seed funding (up to €2,000) for early-stage startups in Madagascar, leveraging crowdfunding and a pan-African partnership network.
- Company typePrivate
- Founded2017
- HeadquartersAntananarivo, Madagascar
- Headcount1–10
- GTM typeB2B
- OfferingServices
What 100startups.co does
100startups.co is a legally registered Malagasy social enterprise headquartered in Antananarivo, founded in August 2017 and officially launched on March 16, 2018. The organization operates a multi-phase program that identifies, trains, mentors, and provides seed funding to early-stage startups in Madagascar, targeting young Malagasy entrepreneurs facing financing and capacity-building barriers. The core offering combines a PayPal-based crowdfunding campaign (targeting more than €200,000 to finance 100 startups at €2,000 each), business model and personal development training, business and technical mentor matching, and acceleration services aimed at company registration, market entry, and investor introductions. By the end of 2019 the program had supported two graduates from a first 2017-2018 cohort (Greentsika in household waste collection; Manjary in dried fruit production) and selected seven projects from a 2019 second cohort (All Secure, Fresco, Futuro Service, Mada-Cucurbe, Safemad, Tutoria, VICI) for incubation, with additional candidates (AKANY, LA BELL'O VERT, MAMBELY) advancing earlier in the pipeline.
The underlying technology is a donation-based crowdfunding storefront anchored on PayPal and a blog-driven content presence; 100startups.co has no mobile app, no documented public API or SDK, no declared integrations, and no AI or machine-learning components. Revenue mechanics are donation-driven rather than commercial: the organization solicits individual donor contributions via crowdfunding and accepts event-level sponsorships from partners, then allocates those funds as seed grants of up to €2,000 per qualified startup. As of October 2018 the cumulative donations received totaled €5,217, well below the €200,000 program target. The go-to-market motion is community-led, executed through calls for projects, public evaluation events (The Evaluation), pitch competitions, partner-driven outreach, and Facebook-based voting and engagement. The customer base is individual early-stage entrepreneurs in Madagascar; the "paying" supporter base consists of individual donors and a roster of institutional partners.
The organization is led by founder Prospérin Tsialonina with Elodie Vola Rabenivo heading a volunteer-driven operational team, with a disclosed headcount of 1-10. Its partnership footprint is materially wider than its operational scale, encompassing i4policy, Konrad Adenauer Stiftung (KAS), the World Bank, the African Development Bank, OSIWA, the Organisation Internationale de la Francophonie (OIF), Madagascar's Ministère de l'Industrie et du Secteur Privé (MIDSP), Senegal's Délégation à l'Entrepreneuriat Rapide (DER), the French Embassy in Senegal, Passion4Humanity, TechZara, and AmCham. External validation has come through two finalist nominations at the 2018 Southern Africa Startup Awards (Best Startup Ecosystem Initiative; Founder of the Year). The combination of severe underperformance against its fundraising goal, volunteer-heavy operations, and a disproportionately broad partnership network indicates an entity whose strategic footprint materially exceeds its current operational and financial capacity.
100startups.co firmographics
Firmographics- Name
- 100startups.co
- Legal name
- 100startups.co
- Website
- https://100startups.co
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- 100startups.co is a Madagascar-based social enterprise that runs a multi-phase program of identification, training, mentoring, and seed funding (up to €2,000) for early-stage startups in Madagascar, leveraging crowdfunding and a pan-African partnership network.
- Ownership category
- akta.pro rank
100startups.co industry classification
Industry- Product category
- Startup Incubation and Acceleration Services
- NAICS
- Grantmaking and Giving Services (81321), Grantmaking and Giving Services (8132)
- SIC
- Services-Social Services (8300)
- akta.pro primary industry
- Capacity Building & Nonprofit Infrastructure Funders (BPAGAKAO)
- akta.pro secondary industry
- Community Foundations (BPAGAKAB)
Keywords
Where 100startups.co is headquartered
LocationHeadquarters
- HQ city
- Antananarivo
- HQ country
- Madagascar
Offices1 record
Markets served
100startups.co business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Crowdfunding/Donations: The organization operates on crowdfunding donations, requiring more than 200,000 EUR to achieve the goal of financing 100 startups at 2,000 EUR each. Donations are collected through PayPal and other channels.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Startup seed funding |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
100startups.co product offering
Product offeringCore offering
100startups.co operates a crowdfunding-funded startup support program in Madagascar. It identifies, trains, mentors, and provides seed funding (up to €2,000 per startup) to early-stage entrepreneurs with innovative, job-creating, and viable business ideas. The program runs in annual cycles including calls for projects, evaluation events, incubation with training and mentoring, and a final pitch competition, with the stated goal of financing 100 startups at €2,000 each through a target of €200,000 in crowdfunding donations.
Product overview
100startups.co is a crowdfunding initiative turned social enterprise that operates a multi-phase startup support program in Madagascar. The core offering combines crowdfunding, startup identification, capacity building (training), mentoring, seed financing (up to €2,000 per startup), and acceleration services. The program identifies innovative startups through calls for projects, provides business training, matches entrepreneurs with mentors, and connects them with investors for market launch. The company has supported startups across sectors including tourism, cybersecurity, organic food processing, cosmetics, agricultural transformation, and education.
Differentiator
Problem solved
Functional benefit
Products and services
- Crowdfunding Platform (100startups.co) Online crowdfunding initiative that raises donations via PayPal with a stated goal of €200,000 to fund 100 startups at €2,000 each, supporting innovative, job-creating, and viable early-stage startups in Madagascar.
- Appel à projets (Call for Projects) Open call for entrepreneurs to submit innovative business ideas for consideration in the 100startups.co funding and incubation program, evaluated against criteria of innovation, job creation, and long-term viability.
- Formations (Training Programs) Capacity-building training services for preselected project leaders covering business model development, finance, and personal development.
- Mentorat (Mentoring Services) Mentoring services pairing each preselected startup with a business mentor and a technical mentor who advise on project development and monitor progress.
- Financement (Seed Funding) Seed funding of up to €2,000 per validated startup for studies, idea improvement, or prototypes.
- The Red Shalk (SME Digitalization Competition) Competition combining art, culture, and digital entrepreneurship, organized jointly with Passion4Humanity to digitalize startup activities. Winner: Karepoka (cassava chip transformation startup).
Quantifiable outcome
- 2 startups graduated from first incubation cohort (2017-2018)
- +1 more outcomes
Companies that use 100startups.co
Customer profileNamed customers14 records
Segments2 records
Ideal customer profiles2 records
100startups.co technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
100startups.co partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, moderate and major.
- Passion4HumanitycoreCo-organizer of 'The Red Shalk' competition focused on SME digitalization in Madagascar. Partnership combining art, culture, and digital entrepreneurship.
- TechZaramoderateMalagasy tech community organization providing jury members for startup competitions and ecosystem events.
- i4policycoreCo-writing of the African Innovation Policy Manifesto at Kigali in May 2018. Participation in policy hackathons and collaboration on startup ecosystem development across Africa.
- DER (Délégation à l'Entrepreneuriat Rapide des jeunes et des femmes)majorSenegalese government body supporting rapid entrepreneurship for youth and women. Co-organizer of Dakar Policy Hackathon and supporter of startup policy initiatives.
- Ambassade de France au SénégalmoderateFrench Embassy in Senegal supporting entrepreneurship policy initiatives and startup ecosystem development.
- OIF (Organisation Internationale de la Francophonie)majorInternational French-speaking organization supporting entrepreneurship ecosystem structuring in Madagascar through leadership and partnership.
- MIDSP (Ministère de l'Industrie et du Secteur Privé) MadagascarmajorMadagascar Ministry leading the creation and structuring of the entrepreneurial ecosystem to establish a practical pathway for young entrepreneurs.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
100startups.co competitors and assessment
Company assessmentBroad incumbents
- AfriLabs: AfriLabs is a pan-African network of innovation hubs and incubators. While not a crowdfunding platform, it operates in the same startup-support ecosystem and shares the goal of building African entrepreneurship capacity.
Direct peers
- Startupbootcamp Africa: Startupbootcamp runs accelerator cohorts with mentorship, demo days, and investor introductions for early-stage African startups. It mirrors 100startups.co's cohort-based identification-to-acceleration flow.
- Antler: Antler runs global early-stage founder programs combining mentorship with pre-seed capital and follow-on funding, comparable to 100startups.co's mentorship-plus-seed-financing model for very early founders.
- MEST Africa: MEST provides African entrepreneur training, mentorship, and seed funding through its incubator program. It is directly comparable to 100startups.co's combine-training-and-seed-funding model, though at larger scale and with a wider geographic footprint.
- Tony Elumelu Foundation (TEF): TEF's Entrepreneurship Programme identifies, trains, and seed-funds African entrepreneurs annually — directly comparable to 100startups.co's annual cohort cycle of selection, training, and seed capital deployment.
- Orange Corners: Orange Corners is a Dutch-funded incubation program for young entrepreneurs in Africa and the Middle East, providing training, mentorship, and seed support — closely paralleling 100startups.co's combined capacity-building and funding offering.
- Founders Factory Africa: Founders Factory Africa is an African accelerator/incubator backing early-stage startups with capital and operational support — comparable as a structured accelerator with a mentor and capital pipeline.
- Seedstars: Seedstars runs emerging-market startup competitions and acceleration programs across Africa and other regions, scouting, training, and funding early-stage founders — a structurally similar model to 100startups.co's cohort + prize/seed approach.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks6 records
Key highlights7 records
Customer concentration
100startups.co social profiles
Digital presence100startups.co financial estimates
Financial estimateRevenue estimate
Valuation estimate
100startups.co leadership team
Management profileNumber of profiles
Profiles2 records
100startups.co funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
100startups.co M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 100startups.co
What does 100startups.co do?
100startups.co operates a crowdfunding-funded startup support program in Madagascar. It identifies, trains, mentors, and provides seed funding (up to €2,000 per startup) to early-stage entrepreneurs with innovative, job-creating, and viable business ideas. The program runs in annual cycles including calls for projects, evaluation events, incubation with training and mentoring, and a final pitch competition, with the stated goal of financing 100 startups at €2,000 each through a target of €200,000 in crowdfunding donations.
Is 100startups.co a public or private company?
100startups.co is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was 100startups.co founded?
100startups.co was founded in 2017. It employs 1 to 10 people.
Where is 100startups.co based?
100startups.co is headquartered in Antananarivo, Madagascar.
How does 100startups.co make money?
One revenue line is on record: crowdfunding/Donations.
Who are 100startups.co's main competitors?
AfriLabs is listed as a broad incumbent. Direct peers are Startupbootcamp Africa, Antler, MEST Africa, Tony Elumelu Foundation (TEF), Orange Corners, Founders Factory Africa and Seedstars.
Does 100startups.co have an API?
No public API is recorded for 100startups.co.
What industry is 100startups.co in?
100startups.co's product category is Startup Incubation and Acceleration Services. Its primary akta.pro industry code is BPAGAKAO, Capacity Building & Nonprofit Infrastructure Funders, with a secondary code of BPAGAKAB, Community Foundations. Its NAICS code is 81321 and its SIC code is 8300.