Algeria’s startup ecosystem is a growing but still developing landscape, buoyed by government support through initiatives like the Startup Act and the Algeria Startup Fund. While these efforts have fostered a number of incubators and accelerators, they often operate on the traditional model, which I’ve found to be a conundrum for long-term entrepreneurial success. If you haven’t already, please read my The Accelerator Conundrum blog series.
While the Algerian ecosystem has made strides, its current structure presents several systemic issues that my 1Mby1M model is designed to solve.
Feature | Traditional Algerian Accelerators | 1Mby1M |
Model | Equity-Taking: Most of these programs take an equity stake in exchange for a small, initial investment and a short-term program. | Non-Equity-Taking: Founders pay a subscription and keep 100% of their company, ensuring they aren’t diluted before they’ve even built a viable business. |
Focus | Seed-Funding Dependent: The ultimate goal is often to secure the next round of funding, which can create a culture of “fundraising as a business model.” | Revenue-Driven: Our core philosophy is building a business that generates revenue from customers, which is the most reliable and sustainable path to success, especially in an environment with limited VC funding. |
Scale and Scope | Local/National: The programs are concentrated in major hubs like Algiers, with a network that is primarily Algerian or regional. | Global: We connect entrepreneurs from Algeria with a worldwide network of mentors, investors, and peers, breaking down geographical barriers and opening up new markets. |
Mentorship | Time-Bound: Mentorship is tied to a fixed program duration. The quality and availability can vary. | Continuous and Personalized: Founders receive long-term, strategic guidance from me in private, weekly roundtables. The support is ongoing and tailored to their specific needs. |
Accessibility | Location-Specific: Requires physical presence, which can be a major hurdle for entrepreneurs in remote parts of Algeria. | Fully Virtual: Accessible from anywhere with an internet connection. This democratizes access to high-quality mentorship for all Algerians, regardless of their location. |
The Algerian government’s support has created a more welcoming environment, but the ecosystem still lacks maturity. For Algerian entrepreneurs, the challenge isn’t just getting an initial push; it’s getting the right kind of push. 1Mby1M offers a proven, long-term playbook focused on building real, revenue-generating businesses. The fact that my Digital Mind AI Mentor is available in French is a massive advantage for this market, providing a 24/7, private, and culturally relevant strategic resource that complements our live sessions. It’s a way to get a Silicon Valley education without ever having to leave Algeria.
Photo Credit: Peggy und Marco Lachmann-Anke from Pixabay
This segment is a part in the series : Startup Africa