Entrepreneurship

How Universities are Accelerating Research and Innovation in East Africa.

Posted on Updated on

Ludovica Ochieng, Incubation Manager at @iBizAfrica presenting at the Education Collaborative East Africa Convening in Kampala.

Do universities stand at the nexus of research and innovation?

Yes, they do. Not only do these institutions draw curious minds, but they also offer a platform for fostering entrepreneurial skills and innovation. However, they also face the challenge of connecting students with employment opportunities in a job market that can be quite limited, both formally and informally.

Consider these staggering numbers: every year, around 10–12 million young Africans enter the job market, but there are only 3 million formal job positions available as per recent data. Additionally, the International Labor Organization reported that in 2020, youth unemployment rates in Africa were at 10.7%, higher than the global average of 13.6%.

To bridge this gap, university-industry partnerships have emerged as crucial connectors, with statistics from 2022 revealing that 46.8% of universities globally have established links with industries. This symbiotic relationship helps transform academic research into tangible products and services for the market.

Moreover, the rise of university-based incubators (UBIs) has been remarkable. Globally, there are now 150 university-based incubators; our business incubator, @iBizAfrica Innovation and Incubation Centre, is one of them and boasts over 12 years of experience in nurturing innovation and entrepreneurial skills.

In 2012,  when the incubator began,  students were some of our earliest incubatees. Fast forward to today, and some of our startups have become the founders of successful startup solutions in Kenya and Africa, including names such as  PurpInk, Eliteways Travel, SophieBot, MLedger, and Aurora Health Care. These startups have benefited from partnerships with organizations, leading to over USD 250,000 in funding across various sectors such as agritech, fintech, and edutech, with our business incubation center scaling over 800 startups through training, coaching, and mentorship.

What makes university-based incubators potent for innovation? They provide benefits such as nurturing research and development, involving students in real-world challenges, fostering collaboration among students, researchers, and industry professionals, and granting access to valuable resources like labs and expert faculty. Additionally, they serve as fertile grounds for students to incubate ideas, receive mentorship, access resources, and transform concepts into successful ventures. Their impact on fostering entrepreneurial skills and venture creation for innovation is indisputable.

In October, @iBizAfrica shared its insights at the Education Collaborative East Africa Convening in Kampala, joining higher education leaders, educators, industry professionals, entrepreneurs, regulators, policymakers, and government representatives from the East African region. The two-day event, “Accelerating Entrepreneurship and Graduate Employability for Regional Development,” aimed to encourage collaboration and knowledge sharing and inspire innovative approaches within East African higher education.

One of the most engaging sessions revolved around the establishment of incubators within higher education institutions (HEIs). This discussion, facilitated by @iBizAfrica Incubation Manager, Ms. Ludovica Ochieng, delved into the technical, infrastructural, and financial complexities involved in setting up incubators on campus.

These were some key takeaways from her presentation on setting up incubators in HEIs:

    • The success factors of setting up incubators in HEIs include university leadership support, internal expertise from university faculty and staff, the student community that generates a good pipeline of incubatees, and strong industry relationships, among others.

    • To ensure incubator sustainability, HEIs must consistently enhance incubation processes, refine objectives and strategies for quality outcomes, adapt to innovation ecosystem trends, and encourage a blend of public and private funding sources, as well as a revenue-sharing model with investible startups.

The event emphasized the significance of commercializing university-based research output to drive innovation in East Africa. With the African continent contributing only 2% to global research output and allocating 1.3% of funding to research initiatives, increased investments are essential. Kenya’s Gross Domestic Expenditure on Research and Development (GERD) stands at 0.81%, equivalent to USD 2.06 billion, highlighting the urgent need for heightened investment. Despite effective knowledge transfer practices and strong intellectual property protection, the absence of patenting poses challenges to commercialization.

Preparing students for success requires collaboration with diverse stakeholders. HEIs alone cannot achieve this task; collaboration with various innovation stakeholders, including industry professionals, entrepreneurs, regulators, policymakers, and government representatives, is essential. Looking ahead, @iBizAfrica’s commitment to partnering with HEIs and sharing knowledge and experiences remains a key goal as they strive for a robust ecosystem for innovation and entrepreneurship within the education sector. @iBizAfrica is dedicated to collaborating with HEIs and sharing knowledge and experiences in this endeavor.

By Michelle Njeri.

Key Intellectual property and legal issues to consider when structuring your startup

Posted on Updated on

Intellectual Properties.

In a bid to empower and inspire women entrepreneurs in the tech industry, @iBizAfrica-Strathmore University, in partnership with Standard Chartered Kenya, held the second Women in Tech Masterclass series.

The event delved deep into the fascinating realm of IP infrastructure for startups, shedding light on the theme of intellectual property and legal issues.

Universally, the tech industry is thriving like never before, and women are making significant strides in this field. However, in the fast-paced world of innovation and entrepreneurship, understanding the importance of owning intellectual property is important.

Intellectual property refers to intangible creations of the mind, such as inventions, literary and artistic works, and symbols, names, and images used in commerce. It includes patents, trademarks, copyrights, and trade secrets, all of which can significantly impact the success and sustainability of tech startups.

There are many IP considerations when structuring a startup, and many founders tend to overlook the importance of owning an IP and are faced with questions of IP ownership in critical moments such as business registration or capital raises.

Most investors are mostly keen on these IP assets; thus, as a startup founder, one can be asked to show ownership documentation before making an investment. Businesses are occasionally made aware of IP ownership concerns during the due diligence process of potential investors; such issues may lead investors to either reject the investment opportunity or postpone it until the issue is resolved.

Leading the conversation was Dr. Melissa Omino, Director at the Centre for Intellectual Property and Information Technology Law (CIPIT), Strathmore University. She said, “In the realm of IP, research is the key that unlocks innovation’s chest, helping you identify what’s worth protecting and ensuring your ideas are your most valuable assets.”

Dr. Melissa’s pointed out the following:

  1. Start with your IP strategy: As a business, focus on building and shaping your strategies around your IP. Prioritize what truly matters to your business model.
  2. Embed an IP culture in your startup: Regular IP audits are an essential step in identifying what licenses you are missing or need to renew.
  3. Share your IP now and then: but this also depends on various business factors. Take software developers, for instance; they regularly share code. Although this act might expose their copyrights, it does not entirely permit other developers to harness their product fully since they’ll only use the shared data to earn revenue.

Ms. Dorcas Chebet, Research Manager at CIPIT, mentioned the different types of IPs.

  1. Copyright: A type of intellectual property that protects original works of authorship as soon as an author fixes the work into a tangible form of expression. It can be writers owning their written work or visual artists owning their designs.
  2. Trademarks: A sign that can be used to distinguish the goods or services of one company from those of other companies.
  3. Patent: An exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something or offers a new technical solution to a problem.
  4. Trade Secret: IP rights on confidential information that may not be sold or licensed.

Understanding how to protect IP is paramount for startups aiming to shape their niche in the market. The masterclass featured expert speakers who demystified IP concepts, highlighting their relevance and the legal implications involved. Participants gained insights into the different types of IP and learned how to safeguard their innovations from potential infringement.

Events like this act as catalysts for progress and change as women continue to create a place for themselves in the tech industry. The masterclass’s insights will undoubtedly inspire women entrepreneurs to follow their passions, take risks with their innovations, and contribute to the rapidly changing digital sector.

By Wachira Kevin.

Women in Tech Program awards 7 women-led startups with USD 70,000

Posted on

  • 7 Kenyan women-led startups awarded USD 70,000 through the Women In Tech Program
  • To date, 64 start-ups have participated in the Women In Tech Program and 32 have been awarded over KES 38.4 Million in seed funding

The Standard Chartered Bank and @iBizAfrica – Strathmore University, through its partnership program the Women in Tech Incubator program has today awarded 7 women-led businesses with USD 70,000 marking the successful conclusion of the 6th cohort of the incubation program.

The award ceremony, themed Leveraging Technology for Impact, was presided over by The Standard Chartered Bank Board Member, Mr. Imtiaz Khan, Standard Chartered Bank Kenya CEO, Kariuki Ngari Strathmore University Vice Chancellor, Dr. Vincent Ogutu, and @iBizAfrica Incubation Centre- Strathmore University Director, Dr. Joseph Sevilla.

The 6th cohort of the Women in Tech Program, launched in March 2023, attracted a pool of over 250 startups from sectors such as agriculture, finance, transportation, health, and the construction industry. 15 women-led startups were shortlisted to undergo a 3-month incubation training modeled around the fundamentals of business idea conceptualization, strategy formulation, the Internet of Things (IoT), marketing, Big Data, and Artificial Intelligence. 

Dr. Vincent Ogutu, the Vice Chancellor at Strathmore University, stated, “As we celebrate the graduation of this Women in Tech Cohort, it’s important to recognize the role of technology in our daily lives. A recent study has shown that only 14.6% of startups in Africa are founded by women; there is hope for a bigger representation. If women receive the right mentorship, training, and coaching, the tech ecosystem in Africa will thrive even more. Currently, 30.9% of all new tech roles are filled by female candidates, showing a slight increase from 29% in the previous year, according to recent statistics. Academia and the private sector need to collaborate more on programs like this that support women-led businesses”.

These 15 teams are an increase from the previous cohorts, where 10 businesses were incubated and 5 startups per cohort received funding.

Speaking during the event, Mr.Kariuki Ngari, CEO, Standard Chartered Bank Kenya & East Africa said, “Supporting women-led enterprises is a key component of our ambition to impact and influence the growth of the SME sector, and the Women in Tech programme enables us to bring this vision to life. We have been able to catalyse growth through our latest cohort and are confident that the entrepreneurs who have gone through the programme will be better positioned to take up the opportunities in across the various sectors that they serve.”

The funding recipients were picked after a rigorous judging process undertaken by accomplished industry experts in both private and public sectors, seasoned entrepreneurs, and academic thought leaders on solution innovation, availability of market opportunity, and social impact in Kenya, among other criteria. 

The seven awarded women-led startups demonstrated excellence based on three main criteria:

  • A female-led start-up business that solves social economic needs in Kenya
  • An innovative startup that utilizes emerging technologies ie. Internet of Things (IoT), Artificial Intelligence, Augmented and virtual Reality; 3D & 4D Printing; Cloud Computing; Big Data; Blockchain; Drone Technology, and Biometrics.
  • A business model with a Sustainable Development Goal (SDG) alignment

The Women In Tech Top 7 startups for this year are as follows:

  1. Sign-With Us – Sign with Us is a Sign language training institution that teaches sign language to anyone around the world who has a passion for sign language, or may interact with a deaf person in their line of work.
  2. Saidiwa  Rides –  Aims to bridge the gap between unreliable public transportation and relatively expensive digital taxis with a novel driver-passenger pairing model that permits daily commuters to share taxi seats and share costs.
  3. Imani Health – An e-wallet that enables people to save specifically for healthcare. It breaks down large payments into piecemeal payments that one can easily pay over time before they need the healthcare service.
  4. Know Learning Ltd – Revolutionizes parental engagement by providing a user-friendly platform that bridges the gap between schools and parents.
  5. PanaCare- A healthcare company that provides affordable telemedicine services using USSD technology for consultations, remote monitoring, and health management tools without internet access.
  6. Rhea Soil Health Management – Rhea provides access to soil testing and agricultural extension services to smallholder farmers, analyzing soil and providing results and fertilizer recommendations through a machine learning-powered recommendation system.
  7. Instruct Africa -Instruct is a legal tech company that leverages tech and data to provide legal assurance to matatu drivers and bodaboda operators. Our mission is to democratize access to justice and legal tools in the informal sector. 

In today’s increasingly digitized landscape, emerging technologies have become essential for startup innovators to integrate into their ventures. Notably, AI startup funding in Kenya is valued at KES 13 billion according to a recent survey. However, the adoption rate of such technologies in Kenya remains relatively low at 28.76%, falling below the global average of 35.17%.

Since its inception, the program has trained more than 64 women-led businesses leveraging on technology by offering mentorship, advisory, coaching, networking opportunities, access to seed capital, and investor forums that help mold their businesses to international standards. To date, 32 startups have been awarded over KES 1.2 million (USD 10,000) in seed funding with the first five cohorts attracting over 2,000 applications.

Standard Chartered and Strathmore University’s transformative talk for accounting students and women in tech.

Posted on Updated on

Standard Chartered Kenya, together with Strathmore University, recently organized a transformative event with the dual goals of enhancing career mentorship for 100 accounting students at the university and empowering women in the ICT industry.

The engaging session not only provided valuable guidance and insights to aspiring accounting professionals but also served as a platform for leaders in the financial sector to share their insights, experiences, and inspiring stories, equipping participants with the tools necessary for success in their careers while fostering an environment of learning and networking.

Dr. Vincent Ogutu, Vice-Chancellor of Strathmore University, gave his opening remarks and emphasized Strathmore University’s dedication to cultivating a conducive learning environment and nurturing potential. “At Strathmore, we work to give our students the best education and tools to excel in their chosen fields,” he said. We hope to close the knowledge gap between academia and industry by bringing together events like this mentorship discussion and giving our students the tools they need to succeed in the accounting field.

Andy Halford, Group Chief Financial Officer of Standard Chartered Bank, who was the key speaker of the event, emphasized the importance of continuous learning and professional development.

He stated, “In a company environment that is constantly evolving, it is important for future accountants to stay on top of things. Accept opportunities for development, seek out new information, and build a solid base of abilities. The accounting field offers many opportunities for success, and if you are determined and dedicated to quality, you can have a significant impact in the industry.”

Accounting professionals must continuously develop skills like critical thinking, problem-solving, and communication. Adapting to new technologies and industry trends is essential for competitiveness. Students who excel in these areas contribute significantly to their organizations and tackle complex challenges.

Chemutai Murgor, Executive Director (ED) and Chief Financial Officer, Standard Chartered Kenya and East Africa, who had accompanied Andy Halford, encouraged the students to pursue their passions fearlessly within the accounting profession. She emphasized that success in any career is deeply connected to personal fulfillment and a genuine interest in the work being done. Murgor urged the students to reflect on their individual passions and identify how they can align those passions with their accounting careers.

“As you embark on your accounting careers, remember that your passion and drive will be the fuel that propels you forward. Embrace challenges as opportunities for growth and continuously seek ways to expand your skill set. The accounting profession is evolving, and with your unique perspectives and talents, you can contribute to shaping its future,” Murgor said.

Following the talk, Andy Halford had the chance to join the Women in Tech forum. Here, he engaged in discussions and tackled the issue of gender inequality  within the technology sector, as a selection of startups nurtured by @iBizAfrica also showcased their ventures

He emphasized the need to address the gender gap in the tech industry to foster diversity and unlock society’s full potential. “By providing a platform for startups incubated by @iBizAfrica-Strathmore University, we are not only supporting women in tech but also promoting innovation and empowering women to drive positive change in the tech ecosystem.”

The career mentorship talks and the engagement of Women in Tech were key turning points in the academic lives of the students. Andy Halford, Chemutai Murgor, and Dr. Vincent Ogutu’s advice and insights will undoubtedly encourage the students to strive for greatness in their accounting careers and seize the numerous chances that lie ahead.

Strathmore University’s commitment to providing holistic education and empowering students lays the foundation for future success in the accounting and technology industries. By nurturing talent, fostering industry connections, and promoting inclusivity, the university shapes the next generation of accounting professionals and drives innovation in the tech sector.

By Wachira Kevin

10 Startups Selected to Join the Whitebox Strathmore Innovation Bootcamp

Posted on Updated on

10 startups have been selected to participate in the Whitebox Strathmore Innovation Program. This initiative is the result of a collaborative partnership between @iBizAfrica Strathmore University and The Information and Communication Technology (ICTA), formalized through a Memorandum of Understanding (MOU) signed in February 2023.

The 10 were selected from a pool of 45 applicants who responded to a call for innovations disseminated via different social media platforms. The shortlisting criteria were rigorous and needed the required teams to showcase an aspect of a Minimum Viable Product (MVP) as well as market potential, among other criteria. These top 10 innovators showcased elements of uniqueness, market traction, and a spirit of innovation to solve Kenya’s socio-economic issues.

Speaking during the Announcement of the Top 10, @ILabAfrica Director Dr. Joseph Sevilla shared his enthusiasm, saying, “I am delighted to welcome the 10 startups to the Whitebox Strathmore Ination Program. These startups represent the essence of Kenyan innovations in diverse sectors such as agritech, fintech, and cybersecurity, showcasing the diversity and ingenuity that our nation is known for. @iBizAfrica is excited to provide them with the necessary support, mentorship, and resources to nurture their growth and amplify their impact. The Whitebox Strathmore Innovation Program is not just about individual startups; it’s about fostering an ecosystem of collaboration and inspiration through @iLabAfrica’s and @iBizAfrica’s dynamic approach.”

On his part, ICT Authority CEO Stanley Kamanguya stated, “I am delighted to note that the call for applications has come to a successful end with the naming of the 10 top finalists. This partnership between the ICT Authority will go a long way in building the already robust ICT innovation in Kenya.”

This strategic partnership between the ICT Authority and iBizAfrica at Strathmore University underscores the significance of academia and business working in synergy to cultivate the next generation of ICT startups. The Whitebox Strathmore Bootcamp aspires to be an incubator for innovation, creativity, and sustainable growth, offering a nurturing environment where businesses can flourish.

Through initiatives like the Huduma WhiteBox program and the Whitebox Strathmore Bootcamp, the ICT Authority remains steadfast in its mission to drive Kenya’s tech landscape forward. By nurturing the country’s brightest minds and fostering an environment of collaboration, the ICTA ensures that Kenya remains at the forefront of technological advancement in the region. 

Below are the top 10 startups selected to join the virtual bootcamp:

  1. Fundi Link is a service marketplace platform that enables clients to quickly and effectively find, evaluate, and hire vetted and verified professional funds.
  2. Giftpesa is a digital gifting platform that enables you to gift your clients conveniently
  3. Residence Smart Address System
  4. PLAT-DEL is a cutting-edge technology that enhances the way addresses are shared and used for various purposes. It replaces the  traditional address 
  5. Hela. money Kenyan-based web3 fintech that provides trade and finance solutions to businesses and individuals in Africa using stablecoins for embedded services like insurance, payments, and credit.
  6. SHOP OKOA provides every farmer with the opportunity to obtain a credit card and build their credit history without the need for complicated paperwork, a credit history, or an annual fee.
  7. Thorium Mobile App is a Kenyan agritech startup leveraging technology to combat climate change and hunger through sustainable organic farming. The platform offers training to farmers on smart organic farming practices, a marketplace for organic produce, and access to organic farm inputs
  8. Hao Finder– A Technology-enabled Real estate due diligence and property marketing brand in Kenya.
  9. Meira Solutions offers financial services that specialize in personal finance, payroll management, retirement planning, and business start-ups.
  10. Neural Labs has developed a platform called NeuralSight in a bid to reduce Africa’s disease burden and hospital workloads with better patient outcomes and democratized access to healthcare.

By Michelle Njeri.

Empowering CIOs for Transformative Leadership

Posted on Updated on

In today’s fast-paced and constantly evolving business environment, the role of a Chief Information Officer (CIO) has become increasingly critical. As technology continues to advance, organizations require CIOs who can adapt to new trends and challenges while ensuring the security and efficiency of their technology infrastructure. It is therefore essential to focus on drilling down on a CIO’s skills through appropriate training and development.

Recognizing the need for enhancing strategic thinking and leadership skills among CIOs, Strathmore University’s research and Innovation center, @iLabAfrica, has spearheaded the first-of-its-kind CIO leadership program in East Africa. This program aims to provide an integrated view of the business landscape, equipping C-Suite executives and ICT practitioners with key management concepts and best practices.

Dr. Joseph Sevilla, Director of @iLabAfrica, emphasizes the importance of rectifying leadership flaws in the CIO position through collaboration between academia and business.

This initiative aligns with similar efforts by renowned global universities, including New York University Tandon School of Engineering, Harvard Business School, and Columbia University. These institutions have launched CIO programs to empower senior technology leaders and CIOs with the necessary tools, frameworks, and insights to advance their careers into executive leadership roles.

In today’s threat landscape, cybersecurity training is a top priority for all organizations. The complexity of IT threats, such as ransomware, highlights the need for a culture of security and continuous vigilance. Establishing a comprehensive workforce security program in collaboration with the Human Resources (HR) team is crucial from the first day of employment. Regular reminders and discussions about information security during employee onboarding meetings are essential.

Ms. Jane Karuku, Group MD and CEO of EABL PLC, emphasized the importance of digital transformation for organizations during the CIO Leadership launch event at Strathmore Business School. She highlighted the need for CIOs to stay informed about the latest technological developments, such as the Internet of Things (IoT) and blockchain, through participation in conferences, workshops, and training programs.

“By doing so, organizations can make informed decisions regarding technological investments and align their infrastructure with overall business strategies,” Ms. Jane said.

CIOs play a pivotal role in spearheading digital transformation initiatives, enabling organizations to remain competitive and adaptable. Therefore, HR managers should prioritize upgrading the skills of their CIOs, as ongoing training and development are crucial components of building a successful organization.

However, it is equally important for CIOs themselves to take the initiative to improve their skills and stay abreast of industry trends, rather than solely relying on HR managers. Failing to do so could result in losing their seat on the digital leadership team.

As the digital revolution continues to shape our lives, companies must update their operational models and adapt to a shifting market environment. CIOs need to develop new tools and strategies that enable the creation of purposeful digital organizations. By investing in continuous learning and development, organizations can equip their CIOs to navigate the digital landscape and drive meaningful change.

With the launch complete, the program will consist of four separate modules, including an international module, which will be delivered over a period of eight months. Each module will consist of five intensive days (full-time).

For more information about the CIO Leadership Program, please visit www.ilabafrica.ac.ke.

By Wachira Kevin.

The Path to Scaling Success: Insights from the @iBizAfrica Masterclass Series 1

Posted on Updated on

In the dynamic world of startups, success often hinges on a combination of factors, from innovative ideas and strategic planning to unwavering determination.

To categorize a startup as successful, it typically must have successfully secured series A, B, and C funding rounds. In exceptionally fortunate cases, startups may even secure government funding or attain the coveted unicorn status.

This prompts the question: “Where do Kenyan startups stand in the race to achieve unicorn status?”

According to a recent survey in 2022, Kenya is on the verge of producing its first unicorn after a retail business received $125 million from international investors, putting it in an ideal spot to join Africa’s growing billion-dollar tech startup league, which is currently dominated by West African companies.

Kenya has risen from the fourth position in 2021 to the second position in terms of value and volume of fundraising, with some startups raising 19.9 percent of the total as of March 1, 2022.

While these statistics are mind-blowing, the relentless push to increase the market size annually is causing startups to face sustainability challenges. This year, at least six Kenya-based startups have had to cease operations due to various threats, including financial constraints and pandemic woes, as reported by the Business Daily.

However, the situation is not dire; there is still potential for entrepreneurs in Kenya’s innovation ecosystem, provided they are willing to re-evaluate their strategies and procedures.

In a bid to understand the challenges facing startups in Kenya, @iLabAfrica’s incubation Centre, @iBizAfrica, a business incubator and innovation center, held their 1st Cohort 6 masterclass series in partnership with Standard Chartered Kenya. The theme for the masterclass was ; Scaling and Growth Strategies for Startups.

The event marks the first masterclass of a three-part series for Women in Tech’s 6th cohort symbolizing @iBizAfrica’s commitment to propelling women in the tech industry.

The key speaker of the day was acclaimed startup venture capitalist investor Dan Karuga, a senior incubator at SC Ventures, a business unit that provides a platform and catalyst for Standard Chartered to promote innovation, invest in disruptive financial technology, and explore alternative business models. With Dan’s extensive experience in tech, entrepreneurship, start-ups, and seed capital spanning over 5 years in both the Silicon Valley and Silicon Savannah, he was able to share nuggets of wisdom with the women-led startups present, making his insights valuable to the participants.

Some of the key takeaways shared were:

  1. Smart Investor Choice: Seek investors who offer more than just capital—investors who bring tangible values to the table. They possess a wealth of experience and industry knowledge and provide guidance that can help your business navigate the challenges of the market.
  2. Co-Founders are Vital: Great co-founders are game-changers; find someone who complements your vision.
  3. Product-Market Fit: Build what people want. Many startups design products without first assessing the market’s needs, which often results in failure. 
  4. Learn from Experience: Leverage lessons learned from your fellow co-founders as well as mentors for entrepreneurial success.
  5. Value Over Competition: Concentrate on providing exceptional value to your clients, as competition results in a narrow-minded approach that hinders creativity and innovation.

During the masterclass session, one of the SC Venture graduates, Ms. Cherotich Ruto, founder of Tawi Fresh, spoke about the effectiveness of business incubation.

“As I embarked on this entrepreneurial voyage, I was juggling the corporate world while nurturing a farming venture. Eventually, I made the leap to make farming my full-time pursuit. The initial six months were marked by a dearth of customers, primarily because I had not conducted thorough market research to comprehend their needs and pain points. I continued to rely on conventional methods to sell my produce through intermediaries, often leading to unfavorable pricing,” said Cherotich.

During the incubation period of her startup, she realized the need for a secure virtual marketplace for farmers to sell their produce without being exploited, a crucial link between food supply chains and farmers. This realization led to the birth of Tawi Fresh, which received support from Standard Chartered Ventures. Despite facing challenges in attracting customers, the incubator program provided invaluable insights into effectively promoting and selling the business.

These masterclass series are part of the incubation and training program for startups in the Women in Tech program. This year’s cohort 6 startups are selected from a pool of over 250 applicants from different sectors such as agritech, fintech, the healthcare industry, mobility tech, disability tech, and the construction industry.

The startups have been undergoing 6 weeks of mentorship at @iBizAfrica Centre, where they are currently being offered training in areas such as business idea conceptualization and strategy formulation, among others, in readiness for the Award Day scheduled to take place later in the year.

Since its inception, the Women in Tech program has attracted over 2,000 applicants, trained over 50 entrepreneurs, and funded 25 women-led startups through a partnership with Standard Chartered Bank Kenya.

For more information about the Women in Tech program, visit https://womenintech.co.ke/cohort-6/

By Wachira Kevin.

Inclusion and Digital Innovation to Empower the Deaf Community

Posted on Updated on

Hali Halisi, Digital Sign Language Interpretation

In a world that is growing more connected, it is essential to ensure that no one is left behind, especially when it comes to accessing information and services.

In response to this demand, @iBizAfrica-incubated startup Hali Halisi has become a pioneer in digitally connecting institutions with qualified interpreters, enabling the Deaf community to have uninterrupted access to vital information.

Hali Halisi’s remarkable achievement was recognized in June of this year when they won a coveted Sh3.5 million at Mozilla’s Africa Innovation Challenge.

The Birth of Hali Halisi:

The company came to life from the vision of Silvia Muturi, founder of Hali Halisi, who, after over 15 years of sign language interpreting, dreamed of bridging the communication gap between the Deaf community and the hearing world by utilizing technology to bring access and inclusion to those who were often denied access to important health and education information by communication barriers.

“I witnessed firsthand the struggles faced by the Deaf community in accessing crucial information. This ignited a fire within me to create a solution that would empower them to lead more inclusive lives.” Says Silvia.

Incubation at @iBizAfrica:

Hali Halisi found its nurturing ground at @iBizAfrica, a renowned incubation center. Through the Women in Tech program. Through @iBizAfrica’s comprehensive support, including mentorship, networking opportunities, and access to resources, Hali Halisi transformed from an idea into a dynamic startup. Silvia Muturi acknowledges the impact of @iBizAfrica, stating, “By the time we were joining the incubation at @iBizAfrica, we were at the ideation stage. We were formerly known as HOD Hear(oes) on Demand, but based on feedback, it was @iBizAfrica where we were able to rebrand to Hali Halisi and understand our product or service better. The guidance and support we received from @iLabAfrica were instrumental in refining our concept and building a robust platform that addresses the needs of the Deaf community.”

Revolutionizing Communication:

Hali Halisi’s capacity to instantly interpret for clients and remove obstacles to productive communication is its one-of-a-kind selling point. The firm makes it possible for the Deaf population to access education, career opportunities, healthcare services, and more by linking institutions with skilled interpreters available on demand. This innovative digital platform is revolutionizing the way the Deaf interact with the world, empowering them to become active contributors to society.

Triumph at Mozilla’s Africa Innovation Challenge:

Hali Halisi’s groundbreaking innovation caught the attention of Mozilla’s Africa Innovation Challenge, a prestigious competition that recognizes and supports transformative tech solutions. Out of numerous entries, Hali Halisi emerged victorious, securing a remarkable Sh3.5 million to scale their operations and expand their reach. Silvia Muturi expresses her elation, stating, “Winning the Mozilla Africa Innovation Challenge is a testament to the immense potential of Hali Halisi. This grant will enable us to further enhance our platform, reach more institutes, and empower countless lives within the Deaf community.”

Impact and Future Aspirations:

Since its inception, Hali Halisi has positively impacted the lives of many within the Deaf community. By ensuring uninterrupted access to interpreters, the startup has empowered individuals to overcome communication barriers and seize opportunities that were previously out of reach. Looking ahead, Silvia Muturi envisions a future where Hali Halisi becomes a global force for inclusivity, stating, “We aim to expand our reach beyond Africa and create a world where the Deaf community has equal access to information, resources, and opportunities.”

Hali Halisi’s remarkable journey from an @iBizAfrica-incubated startup to a winner of Mozilla’s Africa Innovation Challenge underscores the transformative power of digital innovation. Through their pioneering platform, Hali Halisi is breaking down communication barriers and empowering the Deaf community to thrive. With their inspiring CEO, Silvia Muturi, at the helm, Hali Halisi is set to revolutionize accessibility and create a more inclusive world for all. As the startup continues to make strides, its success serves as a beacon of hope, reminding us of the remarkable impact that can be achieved when technology and empathy converge.

By Wachira Kevin.

Zydii’s success story and the power of incubation

Posted on Updated on

Startup success stories in the fast-paced world of entrepreneurship are frequently propelled by a blend of innovative ideas, determination, and strategic partnerships. One such inspiring story is that of “@iBizAfrica,” an incubation center that has nurtured numerous startups to achieve their full potential.

It recently gained attention when one of the firms it incubated received a startling Sh21 million (USD 150,000) in non-dilutive cash awards, up to Sh28 million (USD 200,000) from Google for Startups (GfS).

Zydii, a transformative startup, aims to equalize access to quality education and skills training by leveraging technology to bridge learning gaps and equip individuals with practical knowledge and skills.

Through its comprehensive incubation program, ‘Women in Tech’,  @iBizAfrica provided Zydii with a supportive ecosystem, including mentorship, industry connections, and invaluable resources. Zydii benefited from tailored guidance, which helped it improve its business model and create strategies for growth and success.

The recent Sh560 million investment from Google strengthens Zydii’s purpose by enabling platform upgrades, increased reach, and a more appealing user experience. The emphasis of this investment is on cutting-edge educational technology that promotes growth and advances the industry.

@iBizAfrica’s belief in zydii’s cutting-edge innovation is a proof of how powerful it is for fostering successful entrepreneurship in an encouraging environment.

Zydii’s success story serves as an inspiration for aspiring entrepreneurs and highlights the value of incubation centers such as @iBizAfrica in fostering talent and accelerating the growth of startups. It underscores the need for a nurturing environment that provides guidance, mentorship, and access to resources, enabling startups to overcome challenges and reach their full potential.

Moreover, Zydii’s mission to democratize access to education aligns with the growing demand for flexible and personalized learning experiences. The COVID-19 pandemic has underscored the importance of digital education and remote learning, making innovative EdTech solutions like Zydii more relevant than ever.

With the additional funding from Google, Zydii has the opportunity to enhance its technology, improve the user experience, and expand its content library. This will allow the startup to cater to a wider range of learners and provide them with the skills and knowledge needed to thrive in today’s rapidly changing world.

The success of Zydii also highlights the potential of the EdTech sector as a driver of economic growth and social transformation, particularly in creating opportunities for women to break barriers. By leveraging technology to democratize education, startups like Zydii have the power to break down barriers and empower individuals from all backgrounds to acquire the skills necessary for personal and professional development. 

Zydii, a well-funded startup, demonstrates the impact of innovative ideas, strategic partnerships, and incubation centers on entrepreneurial success. With support from @iBizAfrica and Google funding, Zydii aims to revolutionize education and address the global skills gap, inspiring other entrepreneurs and fostering innovation in the EdTech sector.

By Wachira Kevin.

Boosting Cybersecurity Resilience: Absa Bank Kenya and Strathmore University Join Forces to Upskill Employees for the Digital Age

Posted on Updated on

Cyberthreats have significantly evolved over time. Progressively, several commercial businesses and governmental organizations have to contend with the challenge of cyberattacks and the associated risks posed by wireless communication technologies.

Modern society is heavily reliant on electronic technology, making the protection of data from cyberattacks challenging.

In order to address this challenge, Absa Bank Kenya, a commercial banking company, has partnered with @iLabAfrica-Strathmore University, to launch a three-month training program for 103 staff in a bid to upskill Absa’s employees with modern digital skills. 

The program, dubbed the Strathmore-Absa Financial Innovation Hub, seeks to foster the growth of Absa personnel with the opportunity to advance their knowledge of important technologies. These include:  cybersecurity, data science, automation, and development operations.

The program aligns with the evolving demands of the digital workspace, where fresh ideas and innovative solutions are essential.

Dr. John Olukuru, Head of Data Science and Analytics @iLabAfrica, reiterated that today’s digital workspace calls for fresh ideas and innovative solutions. To meet these demands, therefore, one must constantly ensure that their employees upskill themselves in critical and emerging technologies.

“The best investment you can make today is upskilling your employees, and we believe this program is on the right track to help you advance your skill set. It acts as an investment in colleagues’ personal growth and also as a way to transform the organization,” said Dr. Olukuru.

In an era defined by rapid technological advancements and evolving customer expectations, the acquisition of future skills has become imperative for professionals across industries. For Absa colleagues, embracing these skills is crucial to navigating the ever-changing business landscape, driving innovation, and ensuring continued success.

To keep ahead of the curve as Absa develops as a top provider of financial services, it is crucial to offer colleagues future-ready training. This is because emerging technologies like automation, data analytics, and artificial intelligence are changing how businesses operate.

“By joining forces with Strathmore University, Absa Bank Kenya is taking proactive steps to boost cybersecurity resilience and upskill our employees for the challenges of the digital age. Together, we will be equipping our workforce with the knowledge and capabilities necessary to protect against cyber threats and ensure a secure digital environment,” said Absa’s Managing Director and CEO, Abdi Mohamed.

The world of work is changing as a result of digital and AI-powered technology, pushing the workforce to learn new in-demand skills and prepare for the occupations of the future.

Based on a report by the World Economic Forum, 50 percent of all employees will need to reskill by 2025 as the adoption of technology increases.

According to the report, by 2025, the use of machines could outnumber human labor and result in the loss of 85 million jobs. In turn, 100 million jobs may emerge, requiring even more sophisticated human interactions with machines and algorithms.

Increased technology use will necessitate a shift in skill requirements across all professions, and the skills gap will remain large. Employees who will remain in their roles will also witness a major change in the fundamental abilities required for their work. Therefore, it is essential for businesses and people to adopt a future-focused mindset and begin making preparations.

The partnership between Absa Bank Kenya and Strathmore University therefore marks a significant step in tackling the escalating cyber threats faced by businesses and organizations in the digital age.

By Wachira Kevin