Investement Support

RICOH Company executives visit @iLabAfrica

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A delegation of Ricoh Company Limited executives, including CEO Yoshinori Yamashita, met with @iLabAfrica department heads and director Joseph Sevilla on Wednesday 15th September to discuss partnership between Ricoh and @iLabAfrica.

Ricoh a Japanese imaging and electronics company with a worldwide influence on technology and industry visited @iLabAfrica to understand opportunities available in Kenya and Africa with the hopes of establishing a foundation for sustainable growth on the continent. The multinational has a worldwide workforce of approximately 97,000 employees and a turnover of over 2 billion Yen.

Part of Ricoh’s Sustainable Development Goals strategy is its policy of leveraging the strengths of manufacturing technology to make breakthroughs in technology and industry. A primary actuator of this endeavour is the company’s strong commitment to leading research and development across multiple markets around the world. Ricoh has technology and customer research groups in roughly 200 countries across the world and sees investment in Kenya as a gateway to connecting East, Central and South Africa to its expansive network.

Ricoh already has presence in the East African market through its ubiquitous imaging and printing devices, and through its partnership with The Copycat Limited—Ricoh’s authorised service provider in the region. The Copycat Limited is also a partner of @iLabAfrica and this connection made the meeting between Ricoh Co. Ltd and @iLabAfrica possible.

David Mills, CEO of Ricoh’s operations in Europe, the Middle East and Africa, expressed the company’s desire to digitise workspaces in Africa through partners such as The Copycat Limited. @iLabAfrica Director Joseph Sevilla pointed to the challenge-based learning programme that @iBizAfrica has recently launched. These programme is developed to have small teams of tech-centric entrepreneurs working on specific organisation challenges using the resources, networks and mentors that are available in the @iBizAfrica learning space.

A partnership between Ricoh and @iLabAfrica could assist entrepreneurs and developers,  introduce novel solutions for the East African, Japanese, and global markets. Ricoh’s expertise in printing and imaging technology could be a springboard for innovations in 3D and textile printing such as the ongoing Fundamentals of IoT and 3D Printing Course run by @iBizAfrica in partnership with Kuunda 3D.

 

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WOMEN IN TECHNOLOGY- GET FUNDING FOR YOUR BUSINESS

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WIT-EDM V2 ImageStandard Chartered in partnership with @iLabAfrica has launched a search for the second cohort of women-led technology startups which will see five entrepreneurs win Sh1 million each.

The partnership seeks more diversity in technology and for more opportunities for women to develop entrepreneurial and leadership excellence.

The program combines world class startup support with local and international experience to provide Africa’s most competitive and attractive startup incubation program focusing on immersive learning, mentorship, building and growing Africa’s next iconic startups taking on the continent’s most relevant challenges and opportunities.

Who are we looking for?
We are seeking to recruit the best entrepreneurial minds, women-lead startup teams leveraging on technology as a key driver of innovation in business. The applicant must:
  1. be a woman
  2. be the CEO with equal or majority ownership in the company
  3. 18 and above
  4. of Kenyan nationality
What are the the program thematic areas?
Applicants may submit applications across but not limited to the following thematic areas:
  1. Agribusiness
  2. Education
  3. ICT
  4. E-Commerce
  5. E-Health
  6. Fintech
What do Participants Get?
  1. Three months incubation at Strathmore University’s leading businss and innovation incubator
  2. Mentorship from world class mentors
  3. Coaching by top business, technology and legal professionals
  4. Immersive, world-class entrepreneurship curriculum
  5. Networking and exposure to expand your business networks
What do Winners Get?
  1. USD 10,000 or KES 1,000,000 equity-free grant seed funding for the top 5 winners
  2. 9 months ongoing support from Standard Chartered and @iBizAfrica to assist with go-to market and scale.
Terms and Conditions
  1. Participants must be physically available to attend the program over the three months incubation
  2. Participant accommodation costs are not catered for
Application deadline October 31

For more information Click here

To Apply click here

Kids holiday boot camp – Developing the future

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Kids holiday boot camp – Developing the future

For the last two weeks @iLabAfrica has held a 2 week kids holiday boot camp for over 30 children from various schools around Kenya as they prepare to resume back to school.

The kids holiday bootcamp, in partnership with digikids, is a two week per school holiday training for children between the ages of 5 and 17 years old in Information Technology and related areas such as robotics and electronics, web design, and web security. The training is hosted by iLAB and based in Strathmore University.

With a rapid rise in the use of and development of technology, there is a corresponding need to gain an understanding in IT from a young age. Started in 2014, the programme sought to address this need and build basic skills and besides this, takes into consideration other factors such as the existing curriculum of the students in which they need more practice, skills or training as well as the need in existing job markets for an understanding of IT. The programme also provides an excellent background for those who wish to study IT further in university and creates a curiosity in IT and provides young children with a creative outlet to learn and develop their interests.

The training divides the children into three age grades, 5-9, 10-12 and 13-17 and teaches them based on their existing skill and knowledge while maintaining the same overall content. The younger students learn by pre-programmed mechanisms while the older students are encouraged to develop and design their own code and have a larger overall project that demonstrates their progress in the programme.

This holiday boot camp enables the students enjoy an enabling environment and are provided with ample computer time to pursue interests outside the curriculum, under the supervision of their instructors. Shiro, a class four student in the programme mentioned that she particularly enjoys the facilities and making new friends as she has an interest in learning how to create a webpage and advertise products as well as enable her to produce better schoolwork.

 

For more information on the course kindly visit www.ilabafrica.ac.ke  or contact Sharon on Email: sanyanga@strathmore.edu  Phone number: 0729876680

Connecting Statups to Investors

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@iLabAfrica Research Centre, Strathmore University has partnered with Pangea an international startup support platform to pilot a US$ 50,000 accelerator program in Kenya.

The two organizations shortlisted 40 startups from a list of 400 applicants. The group of 40 startups are currently on a 3 month program being coached and trained by international and local investors and experts.

Through this partnership the startups are being assisted to get access to capital and networks that will enable them grow and scale up in their area of operations.

The 40 startups fall under different categories e.g. Fintech, fashion, agriculture etc.  Each startup companies gets an opportunity to meet industry experts in their fields who share their experiences and expertise. The startups also connect with mentors who offer guidance on how to make it in the industry and help open doors for the young entrepreneurs.

“It is an amazing program for startups especially because they get to benefit from the training, coaching and mentoring sessions offered. It will help create an enabling environment, where entrepreneurs can develop competence, access relevant network, and capital in order to reach their full potential. We are really happy to be partners on this program and we look forward to working on more projects with Pangea to help startups in Kenya” Bernard Chira, @iBizAfrica Manager said.

Ahmed from Pangea also mentioned “We are really glad to have got a competent and resourceful partner such as @iBizAfrica. The learning environment is amazing and the incubation space which is available for startups under the program is really helpful. The coaches and mentors that have been offered by @iBizAfrica to help in the program have also played a major role in running it. We are glad that we got to work with @iBizAfrica and we look forward to future partnerships.”

Startups that have joined the Pangea accelerator program have the opportunity to benefit even more from the funding as Pangea is looking to launch its crowd investment platform in June 2018.

UAP, Valuraha launch schools money contest

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UAP-Old Mutual Group and Valuraha, a local company that operates at @iBizAfrica Incubation centre, based in Stathmore University. Valuraha promotes financial literacy, are set to kick off a student investment competition on Thursday. The two will organise a high school students’ investment competition that will take place at the Alliance Boys High School, Kiambu County.

The competition aims at creating investment awareness at an early age, which is an area of focus for UAP-Old Mutual.“We expect to start nurturing investments professionals at an early age in line with Old Mutual’s goal of imparting financial education, thus the need for the group to support the competition,” said UAP-Old Mutual unit trusts (Kenya) managing director Peter Ng’eno.

 

The competition is expected to attract close to 500 students with the top 15 students getting a combined Sh150,000.Investment professionals from UAP-Old Mutual Group and Strathmore University will be judges at the contest.

Valuraha, which has been promoting financial literacy in 10 schools, said it recently signed up another 23 schools to join the Valuraha club.UAP-Old Mutual Group was formed after Old Mutual and UAP merged their businesses in 2015. Old Mutual increased its shareholding in UAP to 60.66 per cent after buying stakes from private equity firms and Centum Investments.

 Disclaimer: This story was originally posted in Business Daily. Some edits have been done.