Trending Maritime Region, Togo Startups

The maritime region in togo is a coastal area with a rich history of entrepreneurship the region is home to a population of over 15 million people and boasts a diverse geography that includes beaches forests and mountains despite its natural beauty the area has struggled with high unemployment rates and a low living wage with an average monthly income of only 150 despite these challenges the startup scene in the maritime region is thriving local universities like the university of lom and the university of kara have played a key role in fostering innovation and entrepreneurship with programs that support young entrepreneurs and provide access to funding and resources over the years the region has seen the rise of several successful startups including kovi a ridesharing platform that has expanded across west africa and woelab a makerspace that provides access to tools and resources for local innovators the maritime region is also home to several international companies including heineken and nestle which have established headquarters in the area these companies have helped to create jobs and stimulate economic growth contributing to the regions citylevel gdp of 25 billion despite these successes the area still faces challenges including a high rate of new companies starting and ending and a lack of access to capital for many entrepreneurs however with a growing network of support and a culture of innovation the startup scene in the maritime region is poised for continued growth and success