The Nairobi innovation week brings together partners from government, private sector, development partners and research centers with an aim of providing a platform for showcasing and encouraging innovation, networking and sharing knowledge. Strathmore University, through @iBizAfrica partnered with the Ministry of Industry Trade and Cooperatives to reach out to potential innovative startups.
The aim of NIW is to prepare home grown localized innovative and scalable startups to be investor ready and to give them access to seed stage funding or growth phase financing options. Over a hundred startups registered themselves to take full advantage of this.
Through their application profiles, sixty of these startups were invited to pitch their ideas from 26th January – 27th January 2017 in front of a panel of judges The two panels of judges consisted of 5-6 industry business leaders.
Each of the sixty startups had fifteen minutes (10-minute presentation and a 5-minute Q&A session) to showcase their ideas and prove to the judges why their startup deserved to be in the 3 week NIW Boot Camp scheduled between 6th February and 22nd February 2017.
The BootCamp will be hosted by @iBizAfrica and will entail different exciting elements needed in running a startup such as legal issues, pitching and presentation skills, business modeling among others. This will serve as inspiration to the startups to make impressive presentations.
A further shortlisting will be made after the boot camp to determine the finalists that will present during the main event that is to be held between 6th March and 10th March 2017. We wish all the shortlisted businesses the best during this amazing time of learning how to grow their startups.
NIW.Startups is a program initiated by the Ministry, working with stakeholders to identify promising startups from all counties in Kenya, to strengthen and nurture them and facilitate their scaling. Various Seed & Growth Capital Investors and Incubation hubs will participate in the program.
The purpose of NIW.Startups is to prepare home grown localized innovative and scalable startups to be investor ready and to either give them access to seed stage funding or growth phase financing options. Access to funding is one of the pressing challenges faced by startups globally. In contribution to the overall objective of NIW 2017 of strengthening the innovation ecosystem, NIW.Startups seeks to create common platform through which various support institutions can systematically address the funding challenges of startups.
- Coaching to get your startup investor ready
- Professional pitch training
- Briefing meeting with participating Investors
- Selection of 10 startups for on-stage pitching
Your Startup should be less than 5 years old and at the early startup stage where internal resources have been mobilized and regulatory requirements fulfilled to start the company.
The eligible Startup will provide employment opportunities and solutions to improve the livelihoods of children, youth, women, elderly through a variety of sectors including but not limited to the following sectors: Agriculture, Healthcare Solutions, Education, Water and Sanitation and Hygiene, Protection, Waste Management & Recycling, Manufacturing, Energy, Transport and Logistics, Financial Inclusion, Information and Communication Technologies.
In addition, the startup should subscribe to the Principles of Innovation www.digitalprinciples.org
- Seed Stage Investor Readiness Support – To be eligible for NIW.Startups you need to be startup solving a genuine challenge using an innovative and validated solution and actively looking for funding to launch the business.
- Growth Capital & Investor Readiness Support – To be eligible for Growth Capital, you must have established a credible team, have clear processes for scale and demonstrate evidence of impact from monitoring the performance of the product/service against set targets.
DEADLINE: 13th January
To apply, learn more and be part of this challenge, kindly visit this page.
e-ENSURES would like to invite you to a presentation at @iBizAfrica about Market research for startups. e-ENSURES is the first African Online Market Research Company dedicated to assisting small & medium startups and entrepreneurs across Africa.Their focus is on offering affordable Market research to startups and entrepreneurs.
What also makes e-ENSURES unique, is its ability to help entrepreneurs expand their vision beyond their base. For example: if they work with clients in Nairobi, they want them to think about the opportunity across the East Africa region and ultimately the continent of Africa. Additionally, e-ENSURES want to inspire the next generation of African startups and entrepreneurs who are struggling to get ideas off the ground by selling Market Research reports at very affordable prices. The advantages of e-ENSURES are:
- Offering affordable online market research to startups and entrepreneurs
- Helping entrepreneurs expand their vision beyond their base
- Inspiring the next generation of African entrepreneurs in the pre-startup phase
- The go-to-market research partner/advisor for startups and entrepreneurs
- Creating a mental shift in the entrepreneurial market. Market research as a non-negotiable aspect of business strategy.
They also would like to invest in some of the startups by conducting free market research for them.
VENUE: @iBizAfrica, 5th Floor, Student Centre, Strathmore University
DATE: Thursday, 17th November 2016
TIME: 11.00 AM to 12.00 PM
The event is FREE!!!! All are invited!!!! Register here.
AITEC to Showcase Region’s Leading Fintech Innovations At 10th Anniversary Banking & Mobile Money Conference
To mark the 10th anniversary of its Banking & Mobile Money COMESA Conference, AITEC is selecting the region’s 20 most promising and innovative fintech start-ups to demo their products and services at the conference over 30-31 August.
Since 2010 the conference has provided a valuable promotional platform for the region’s fintech start-ups to attract investors, customers and partners. “We are proud of the role the conference has played over the years in connecting young innovators with partners, facilitating their entry into commercial relationships which in several cases have resulted in long-term growth,” said Sean Moroney, AITEC founder and chairman
Examples of a successful start-ups launching themselves at the conference include KopoKopo, PayPal and JamboPay. Liko Agosta, founder of Pesa Pal, praised the role played by the conference. “Before it became fashionable for conferences to showcase fintech start-ups, AITEC invited us to make an Innovator Showcase Presentation in the opening session in 2011 and gave us free exhibition space to network with participants. This lifted our profile in the market and we can trace our current success to that turning point when the market started taking us seriously. We look forward to seeing the new crop of innovators at the conference this year and exploring possible synergies with them.”
The Innovator Pavilion at this year’s conference will be co-ordinated by AITEC Associate Dr Bright Gameli Mawudor. Each participant will be given an opportunity to make a 3-5 minutes elevator pitch in the Fintech Innovation conference session, which VCs, angel investors and heads of innovation at financial institutions will be invited to attend. They will also have space to show case their start up applications to the public.
Applications to participate are invited from start-ups throughout the COMESA region. Participants can email details to email@example.com.
. Innovation Categories
On 18th November, 2015,there will be an App Wiz Demo Day on Wednesday 18th November, 2015.This is a day when we open up @iBizAfrica to invited guests for Demos by the App Wiz group. Each group will set a stand at their workstation and present to guests as they come.
The Safaricom App Wiz Challenge is a three months long accelerator program sponsored by Safaricom. It aims to help selected innovators leveraging on mobile technology move from idea/prototype to product or service within an incubation period of 3 months. The program is an initiative of Safaricom LTD in collaboration with @iBizAfrica- Strathmore University. Safaricom App wiz challenge aims to become the best mobile startup accelerator program in the East African region launching successful start-ups into the Kenyan market.
You are invited to be part of the demo day to see the cool applications that have been developed. Kindly register here.
President Uhuru Kenyatta Visits @iLabAfrica and @IBizAfrica at GES2015 Launch at Strathmore University
His Excellency the President Hon. Uhuru Kenyatta, C.G.H. officially launched the 2015 Global Entrepreneurship Summit (GES) on 9thJune, 2015. The event that was filled with eager young entrepreneurs, sought to showcase and discuss innovation in Kenya. Accompanied by the Cabinet Secretary for Devolution and Planning, Ms. Anne Waiguru, the president discussed areas the government hopes to work on to strengthen innovation in a country full of great potential. Business founders showcased their projects, while urging the president to consider entrepreneurs holistically and strive to boost the regime.
Organized annually since 2009, the GES has emerged as a global platform connecting emerging entrepreneurs with leaders from businesses, international organizations, and governments looking to support them. This will be the first time the GES will take place in sub-Saharan Africa. This year’s summit is scheduled to take place in Kenya, with U.S. President Barrack Obama expected to grace the auspicious occasion.
President Uhuru Kenyatta, had the chance of visiting and meeting Innovators from @ILabAfrica Research center and @iBizAfrica incubation center
He was showcased the various projects @iLabAfrica is involved with including Systems Security, County Revenue Collection Systems, Girls in Technology, Kenya Law App among other projects. He also had the opportunity to meet young entrepreneurs whose startups are currently incubated @iBizAfrica . These included Magazine Reel, Sufuria.com, Valuraha, Buymore,Signs media, Ent mobile, School Masters among other startups had an opportunity to showcase their projects and book key appointments with the government office.
Accentuating the fact that Kenya is full of great entrepreneurs in his address, President Uhuru encouraged companies to identify the potential in the country and tap into it. The president also discussed the role the government is playing in encouraging this great segment of the country, promising young entrepreneurs that he will create a forum where the private sector, public sector and investors will discuss the future of entrepreneurs. President Uhuru also urged investors to pick on inventors in the country stating that it is not fair that young potential entrepreneurs have to seek an audience elsewhere, “I’m disappointed by our inability to tap into the great ideas we have locally. The best entrepreneurs in the world are clearly looking at what is happening in Kenya.”
CS Anne Waiguru spoke of the potential in Africa and Kenya affirming that there is a lot of potential in the country that needs to be tapped into. Ms. Waiguru also mentioned that Kenya is ranked among the top countries with potential for investment in Africa. “Kenya is a key driver of economic stability in Africa,” she said. In his welcoming address, Dean of Strathmore Business School and DVC Research Strathmore University Dr. George Njenga, lauded Kenya for the upcoming GES conference, stating that Strathmore is rich with innovators who are ready to work with president and serve the country. “At Strathmore we have good warriors ready to serve you and your government,” Dr. Njenga emphasized.
To access photos of this great event kindly check here.