ALGIERS, April 30 (Xinhua) -- Algeria launched the first pan-African incubator on Monday to support new small businesses in Africa.

Named "IncubMe," the new incubator aims to offer "African solutions for African needs," according to its co-founders Kamel Oumnia and Adel Amalou.

The project is also meant to support African students' efforts to create start-ups, Oumnia said at an introduction ceremony held in the capital Algiers.

Algeria enjoys a promising market and embraces a large number of young people with remarkable intellectual potential who could develop ingenious innovative ideas, he noted.

As a concept little explored by economic actors in Algeria, the first local incubator in the North African country was launched in 2011.