Tag: Startups

Untapped opportunity in Africa’s emerging startup hubs

Untapped opportunity in Africa’s emerging startup hubs

Startups
African startups are in a unique position to leverage innovation to answer some of the continent’s most pressing challenges. To achieve this, an enabling environment is mission critical, according to Abu Cassim, founder and director of Jozi Angels, an angel network that invests in early stage startups. Growing venture capital (VC) in Africa was a focal point of discussions at the recent Africa Innovation Summit in Kigali, Rwanda. “Exciting opportunities exist in VC frontier markets like South Africa, Kenya and Nigeria along with other international emerging markets such as Indonesia, Poland, Mexico and the UAE,” notes Cassim. Successfully developing Africa’s VC sector hinges on a number of factors including identifying additional sources of funding for co-investment, for example, sui
World Bank Group Launches Program to Support Africa’s Top Digital Entrepreneurs

World Bank Group Launches Program to Support Africa’s Top Digital Entrepreneurs

Startups
The World Bank Group launched XL Africa, a five-month business acceleration program designed to support the 20 most promising digital start-ups from Sub-Saharan Africa. Start-ups will receive mentoring from global and local experts, learn through a tailor-made curriculum, increase their regional visibility, and get access to potential corporate partners and investors. With support from prominent African investment groups, XL Africa will help the 20 selected start-ups attract early stage capital between $250,000 and $1.5 million. The Vice President for the Africa Region at the World Bank says Digital start-ups are important drivers of innovation in Africa. To scale and spread new technologies and services beyond borders, they need an integrated ecosystem that provides access to regional m

DEMO Africa 2014 brings together U.S. State Department, leading ICT companies to in Lagos, Nigeria

Business, Internet, Mobile
DEMO Africa is one of the flagship initiatives of LIONS@frica and aims to connect African startups to the global ecosystem. DEMO Africa is the place where the most innovative companies from African countries get a platform to launch their products and announce to Africa and the world what they have developed. The organization will host the DEMO Africa 2014 summit from September 25th and 26th. Both are scheduled to take place at the Oriental Hotel Lagos, Nigeria. In just two years of running, the DEMO African alumni have generated over $8 million  in either investment, business or partnerships from the unique mix of positioning, opportunity (networking, fundraising), training and exposure that our launch pad offers. The Summit will also gather an Investor Summit , the first pan-African ang