01
Dispersion
A diaspora of over a million, spread across dozens of countries, with no shared network. Talent is everywhere; it compounds nowhere.
Berlin, Germany
Carthage Foundation
Bridging Carthage and the World
An independent, non-partisan foundation connecting the Tunisian diaspora worldwide — through research, community, and capital.
Tunisia's greatest asset is its global diaspora. We connect that dispersed talent and capital into one high-trust network — and direct it toward the founders and ideas building Tunisia's future.
We build in public. One thoughtful update per month. No spam.
The problem
The problem isn't talent. It's connection.
Tunisia has produced world-class founders and engineers — many now abroad. What's missing is the infrastructure to connect them to each other and to home.
02
Illegibility
Founders, investors, and opportunities can't reliably find one another. The real map of who's doing what — at home and abroad — doesn't exist.
03
Trust
Diaspora capital is ready but cautious. It lacks transparent, credible channels to reach Tunisian-origin founders safely.
Three pillars
What we do
Three pillars, one engine.
01
Intelligence
We map and study the Tunisian diaspora — where its founders, investors, and talent are, and how capital and skill flow. Independent research, published openly.
Building
02
Community
We connect the people who can act — founders, operators, investors — through curated events and a high-trust network, starting in Berlin and expanding city by city.
Pilot
03
Capital
Through tunisia.vc, our investment arm, we channel diaspora capital toward Tunisian-origin founders via curated syndicates.
Investing is available to qualified members through a separate, regulated process — not offered publicly here.
In design
How it works
How it compounds
Carthage Foundation
flywheel
01Research
02Credibility
03Network
04Dealflow
05Capital deployed
06Mission funded
07New data
- 01Research
- 02Credibility
- 03Network
- 04Dealflow
- 05Capital deployed
- 06Mission funded
- 07New data
Each part feeds the next: research builds trust, trust builds the network, the network moves capital, and capital funds the mission and produces new knowledge.
Independence
Independent by design
Carthage Foundation is non-partisan and politically independent. We decline any funding that would compromise our independence, we serve the diaspora and Tunisia's builders rather than any party or government, and our research follows the evidence.
Transparency
Transparency is our infrastructure
- Publish our research methodology and sources.
- Publish annual impact reporting and short quarterly updates.
- Publish high-level financials and how funds are allocated.
- Enforce conflict-of-interest rules: disclose and recuse.
Use of funds (target)
70% Programs · 20% Operations · 10% Reserves
Governance
Built like an institution
tunisia.vc is a separate company owned by the Foundation — our mission lock.
- 01Executive Board — day-to-day execution and accountability.
- 02Board of Trustees — oversight, budget approval, major decisions.
- 03Advisory Council — non-binding experts across research, capital, and policy.
| Decision | Authority |
|---|---|
| Daily operations (<€5k) | Executive lead |
| Hiring & budget (€5k–€50k) | Joint approval |
| Major decisions (>€50k, partnerships) | Trustees majority |
| Mission-critical changes | Trustees supermajority |
| Legal/corporate changes | Trustees unanimous |
Roadmap
The first year, in three phases
- PHASE 01
Signal (Months 1–3)
Establish presence, publish the first diaspora map and the briefing, and begin building the network.
- PHASE 02
Structure (Months 4–6)
First syndicate, first Berlin convening, and incorporation of the entity.
- PHASE 03
Institution (Months 7–12)
Formalize governance, publish the first annual report, submit the first institutional grant, and open a second city.
- PHASE 04
Expansion (Year 2+)
Roots worldwide — funded by returns, grants, and membership.
Get involved