Top 30 startups selected for DEMO Africa 2015

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Top 30 startups selected for DEMO Africa 2015

By Miguel Heilbron

DEMO Africa

DEMO Africa will launch 30 of the most innovative start-ups in Africa and highlight some of the best new technology innovations from across the continent. The 30 finalists have gone through two rigorous screening processes with the final vetting and adjudication done by a pan-African panel of judges comprised of entrepreneurs, VCs and academia.

The 30 start-ups have been selected from over 600 applicants with four earning direct nominations during DEMO Africa pre-pitch events. The ventures are addressing opportunities in Agriculture, Health, Education, Manufacturing, Retail, Media & Entertainment, Communication, Transport and Logistics, Energy, Finance & Banking, Water & Sanitation, and Waste Management & Recycling. On September 24 & 25, these 30 entrepreneurs will present their plans to a global audience of investors, media, strategic buyers, C-level executives, and other entrepreneurs.

Last year’s giant, Nigeria, tops the list again with 8 representatives followed by Kenya with 6. South Africa is third with 3 representatives while Ghana, Egypt, Cameroon and Zimbabwe each have two. Uganda, Tanzania and new comer Ivory Coast will each be represented by 1 start-up. The presence of Ivory Coast on the list of giants is a strong signal that more African nations are warming up to the ability of the continent to craft her own solutions to various needs. The highest represented category on the 2015 list is Finance and Banking with 8 products. Other popular categories include Education, Transport and Logistics, Retail, Communication and Media and entertainment.

The team at DEMO Africa, and everyone part of the VC4Africa community, would like to congratulate the selected entrepreneurs for their achievement!

Here is an overview of the selected ventures. Click on the tiles to find out more.

abacus65 Abacus – helping investors make smarter, faster and more decisions by providing access to real time market data, news and analytics. Joel Macharia Kenya
airshop-65 Airshop – unleashing the untapped potential of duty-free stores by enabling passengers to make special orders of high value products in advance. Francis Yapobi Ivory Coast
bambapos65 BambaPOS – allowing retail merchants to access point of sale and inventory management automation with any android smart device. Karogi Kamau Kenya
Bitsoko Bitsoko – an Android mobile wallet removing the cost of transferring money between two individuals and increasing access to payment services. Daniel Bloch                    Kenya
bozza Bozza Media – a digital distribution platform enabling artists to connect with fans who want locally relevant content via mobile and web. Emma Kaye South Africa
Carparts Nigeria Carparts Nigeria –  an online car and truck parts and accessories store with millions of inventoried parts and a quick and simple search. Ade Oladapo Nigeria
ECOMC2 Eco-mc² Compressed Air Hydraulic Energy Storage – innovative air- compression storage based products ensure the power stays on, without the disadvantages of battery based systems. Magriet Leaper South Africa
edge books Edge Books – a digital platform for eBooks and other digital platforms such as magazines, comics & Journals. Daniel Oluwagbemiga ben-Daniel South Africa
Ent-Mobile ENT-Mobile – converting human conversation on social media and mobile platforms to actionable and quantifiable data for business decision making. Andrew Kamau                 Kenya
feemwifi Feem Wifi – providing an easy way to transfer music, videos, documents and other files – and listen to music or play videos when you are not transferring files. Fritz Ekwoge Ekwoge     Cameroon
flippycampus Flippy Campus – Flippy Campus is a social application that helps students get updated on what is happening on their campuses. David Mumuni Ghana
iKon Tracker iKon Tracker – iKon Tracker is a conveniently sized bluetooth tracking device paired with a downloadable iKon smartphone application. Adedayo Charis               Nigeria
insureafrica InsureAfrika.com – InsureAfrika.com is an online comparison platform which enables users to compare insurance quotes across insurance categories. Gagan Hayer Kenya
IPC IPC eProductivity – IPC eProductivity is an on-line productivity calculator that helps organisations determine their key drivers of productivity. Lovemore Jokonya Zimbabwe
Koomzo Koomzo – Koomzo is a hosted (cloud based) SaaS School ERP platform that automates core school processes (academic and administrative). Longchi Gide Kanouo Cameroon
lipaplus-65 Lipaplus – LipaPlus helps SMEs accept credit/debit card payments and also manage their sales, inventory and finances using just their phones. Ndeeri Macharia              Kenya
Locname65 LocName – a web and mobile application that gives a short, unique name for your address, which you can then share easily in just 2 seconds. Mourad Ashry                  Egypt
maviscomputer Mavis Computel Ltd – Mavis Computel Ltd provides a Talking Books & Talking Posters education solution. Chizaram Ucheaga Nigeria
OgaVenue ogaVenue – making it easy to search, check availability and book event venues online, by aggregating variety of event venues. Andrew Airelobhegbe Nigeria
PoshRite PoshRite – PoshRite is an online beauty social network that aims to encourage women to express their inner beauty by offering a web platform. Chidimma Nwankwo       Nigeria
raye7 Raye7 – provides a greener, cheaper, nicer, safer and time-efficient way of transporting people aiming for a better tomorrow. Ahmed Negm Egypt
roadrules Road Rules – a mobile app that will disrupt and revolutionize the way individuals study, practice and prepare for their driver’s license exam. Chikosi Tawanda Zimbabwe
Roundbob Roundbob – allows travelers to create travel wallets facilitating travel savings, installment payment options, reducing cost exposure and supporting this with relevant content. David Gonahasa Uganda
shield Shield Finance – a FinTech company using proprietary technology while leveraging on Mobile Money to offer under banked employees affordable salary advances directly to their mobile phones. Kenny R Kenya
simbapay SimbaPay – offers mobile apps that allow for fast, convenient and cheap money remittance to Africa. Nyasinga Onyancha        Nigeria
SmartEdu SmartEdu – an Education Technology Startup that helps Educators and Parents monitor and improve students’ academic performance. Molawi Adesuyi Nigeria
TalkingBookz65 Talking Bookz – a business focused on making learning interactive and entertaining by using mobile application to transform the learning experience for students. Kolapo Ogungbile           Nigeria
tango tv Tango TV – a Tanzanian technology company focusing on integrated media streaming services, beginning with African Movies, music videos and TV shows. Victor Joseph Tanzania
Zeepay Zeepay Mobile Financial Services – Mobile payments for both USSD and smart phones using NFC and supporting international remittances onto PoS. Andrew Takyi-Appiah Ghana
Zuvaa Zuvaa – Zuvaa is an online marketplace for African Fashion. Kelechi Anyadiegwu        Nigeria


Want to see these companies present on stage? 

You can now book your tickets for the DEMO Africa event, to be held in Lagos, Nigeria, on September 24-25, or join as a V.I.P. if you are an investor.

More people continue to book their slots to witness the unveiling of the selected thirty products. The full event will take place between the 21st and 25th September, 2015 at the Eko Hotel & Suites, Lagos Nigeria. Over 500 guests including investors, IT buyers, IT consumers and media are expected.

DEMO Africa is the premier platform for the best and brightest companies throughout the continent seeking to launch their products in front of a global audience. VC4Africa represents the largest community of entrepreneurs building innovative early stage companies.

The selected start-ups will now be placed under a mentorship programme which will run until September 22nd 2015. This programme is aimed at sharpening the pitching skills of the entrepreneurs readying them for the DEMO Africa stage.

This year, DEMO Africa introduces knowledge streams to delve into critical topics including Business Modelling, Scaling Businesses, Creating an unfair advantage, and Raising Capital. Top industry players including Jorn Lyseggen-MEST Founder, Harry Tomi Davies-ABAN President, Folabi Esan-Partner, Adlevo Capital, Jason Njoku-IROKO TV CEO among others will lead the discussion. Other notable activities at the 2015 DEMO Africa event include an investor roundtable forum and the LIONS@FRICA Summit with the uptake of Africa generated technology being expected to dominate the conversations.

The event will be co-hosted by DEMO Africa, Nigerian Ministry of Communication Technology and National Information Technology Agency-Nigeria in collaboration with LIONS@FRICA partnership and VC4Africa.

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5 African Cleantech Startups You Need To Watch

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5 African Cleantech Startups You Need To Watch

A woman uses a solar light from M-Kopa. Image: Georgina Goodwin/M-Kopa

Africa is extraordinarily rich in energy power potential. According to McKinsey and Company’s 2015 Brighter Africa report, the continent has 10 terawatts or more of potential capacity for renewable energy. If sub-Saharan Africa pushes renewables, it could result in 27 percent decrease in carbon emissions worldwide.

But sub-Saharan Africa is in an energy crisis. Two out of three Africans lack access to electricity — that’s 621 million people. The Brighter Africa report also stated the sub-Saharan Africa region has 13 percent of the world’s population, but 48 percent of the share of the global population without access to electricity.

African entrepreneurs and technologists are coming up with solutions to solve their own energy problems. In 2014, Bloomberg New Energy Finance predicted that 1.8 gigawatts of renewable energy would be commissioned. That’s a huge leap from the previous 14 years. And in the first quarter of 2015, Bloomberg reported, South Africa emerged as one of the top clean energy leaders.

Here’s a look at five African cleantech startups bringing power to the continent.

M-Kopa Solar

M-Kopa started a pay-as-you-go solar revolution in Africa by capitalizing on the popularity of mobile phones on the continent. Customers replace kerosene lamps with a solar light and radio/phone charging stations over several months in installments via SMS messaging on mobile money networks. The company was started by the founders of M-Pesa, Kenya’s incredibly popular mobile money system that has served as a model for the rest of the world.

Quaint Global Energy Solutions

This Nigerian company develops renewable power projects, and recently received a US Trade and Development Agency grant as part of Power Africa, a US government initiative. Quaint Global is working with California-based Tetra Tech, an energy project developer, on a feasibility study to determine the best way forward with the project. The effort will bring 50 megawatts of clean energy to Kaduna State, a state in Nigeria, and could also leverage more than $160 million.

Freedom Won

This South African company was founded in 2011 to grow Africa’s clean energy and electric vehicle solutions. The first electric vehicle prototype they developed was Freedom1, a Jeep Grand Cherokee, and since then, they have built several more, mostly for safari drives for wildlife tourism.

More recently, Freedom Won created a wall-mounted Tesla Powerwall-like system called the FreedomCOR, which uses lithium-ion batteries to store renewable energy. The modular batteries range in size from 5 kilowatt hours to 30 kilowatt hours for residential, and even larger for industrial, and reportedly last up to 13 years.

African Clean Energy

According to this company, three billion people worldwide cook on open fires or with dirty, dangerous fuel, and accidents resulting from that kill four million people a year. To help solve this massive problem, African Clean Energy developed the ACE 1 Ultra-Clean Biomass Cookstove, which burns any type of biomass cleanly and smoke-free indoors or outdoors. It reduces fuel use about 70 percent, saves 50 percent of costs, and drastically improves the lives of women and children, who do the majority of the cooking.

iCoal Concept Ltd.

Earlier this year, the World Bank’s Kenya Climate Innovation Center launched a crowdfunding mentorship program for entrepreneurs in East Africa, to provide them financial services and mentorship. One of the startups chosen was iCoal Concept Ltd., which turns the waste from charcoal into modern energy. The company collects charcoal waste from the community and repurposes it into  charcoal-based briquettes that are 35 percent cheaper than regular charcoal.

Kenyan households use 700 tons of charcoal per day. But now that iCoal has a handle on the market, the startup is producing three tons of its own SmartCharcoal per day for hotels, farmers, and residential communities.

Source:Forbes.com Lyndsey Gilpin

Black Buying Power vs Black Buying Potential

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The recent murders of unarmed black men in several US cities have enraged thousands of people, both nationally and globally. They have also resulted in the creation of movements that call for the black community to withhold the $1 trillion in buying power from major corporations and instead to spend them with black owned businesses.

I support this message because well structured black businesses that offer quality goods and services deserve a chance to survive and thrive just as much as any other business does. Currently, all other communities in the US practice group economics at a high level. They buy from their own people, help their businesses grow and strengthen their economic and political power base. It is common sense and I’m not upset about it. They understand the game and are playing it because this it is in their best interest to do so.

Unfortunately, the black community has not yet fully embraced this method of economic development. From the 1880’s into the 1960’s, a majority of American states enforced segregation through “Jim Crow” laws . Black people were prevented from patronizing white businesses and establishments. This forced them to create their own businesses and transact with each other. The black dollar circulated within the community several times over before leaving, bringing rise to hundreds of successful black businesses. The buying power of black people during that era was used to strengthen their economic power base and create wealth. It did so until the end of Jim Crow in 1965 when integration became legal. At that point, black dollars started leaking from the community and have not been back since. Now, over 90% of black income is spent in other communities.

This is why the term “buying power” is a bit misleading. It is currently just a marketing phrase that defines the ability of a certain demographic to spend its disposable income with different corporations. Are we spending this income on items that appreciate or depreciate in value? Are we increasing debt incurred when exercising this “power” with credit cards? Power can defined as the ability to control people and things. What does the black buying power currently control or influence? From what I can tell, it influences the allocation of corporate marketing budgets. It controls who corporations will target to make the most profit from a certain good or service. It does not seem to control or influence anything that contributes value to the community from which the dollars come from.

BlackConsumerChart

I would argue that right now, this trillion dollar buying power is really just buying potential. It shows that black people spend a lot but it doesn’t not show that any assets, wealth or political influence are being created by this spending. The true buying power of a community should be defined as its ability to not only support businesses that will create employment in that community, but also create political as well as economic influence. The political power gained will help to create laws and policies that will ultimately affect the community positively. Money talks and politicians listen to those with money. Who do you think will get a politicians attention; the person that yells “I voted for you!” or the person that yells “I wrote you a $1000 check!”

A trillion dollars of buying “power” could and should even have an international reach. Nigerian billionaire investor and philanthropist, Tony Elumelu recently announced that he has committed $100 million to create 10,000 entrepreneurs across Africa over the next 10 years, targeting the creation of 1,000,000 new jobs and $10 billion in annual revenues. True buying power should be able to accomplish something similar even if on a much smaller scale. How about pooling $10,000 to create or support a well planned business that manufactures, distributes and sells certain food or non food items that the black community and even other communities already spend millions on each year?

There are many stigmas attached to black businesses, some accurate and many not. Over the past few weeks I have done some research and come across several black owned businesses that I never knew existed. These businesses provide products and services that are simply amazing! I’m asking that we begin to think and spend more strategically just as others are doing.

Nigerian Billionaire Tony Elumelu Commits $100 Million To Create 10,000 African Entrepreneurs In 10 Years

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Tony Elumelu

Nigerian billionaire investor and philanthropist Tony Elumelu has committed $100 million to create 10,000 entrepreneurs across Africa over the next 10 years.

Elumelu made the commitment on Monday during a press conference in Lagos to announce the launch of The Tony Elumelu Foundation Entrepreneurship Programme (TEEP).

TEEP, a Pan-African entrepreneurship initiative of the Tony Elumelu Foundation, is a multi-year programme of training, funding, and mentoring, designed to empower the next generation of African entrepreneurs.

The programme will identify and help grow 10,000 start-ups and young businesses from across Africa over the next 10 years. These businesses will in turn create 1,000,000 new jobs and contribute $10 billion in annual revenues to Africa’s economy. The 10,000 start-ups selected from a pool of applicants across Africa will participate in a comprehensive programme which will include a customized 12-week business skills training course, mentoring, an entrepreneurship ‘boot camp’ and seed capital funding among other things. Interested entrepreneurs will be able to submit their applications to join the programme as from January 2015 through the Tony Elumelu Foundation’s website.

“The opportunity and challenge in Africa is scale – in our people, our resources and our horizons. In my business and philanthropic journeys, I have always sought ways to help inspire a generation across our continent. This programme brings together my own entrepreneurial experience and my fundamental belief that entrepreneurs – women and men across Africa – will lead Africa’s development and transform our futures,” Tony Elumelu, founder of The Tony Elumelu Foundation, said in a press statement.

The programme will be backed by a $100 million grant from the Tony Elumelu Foundation, an African-based, African-funded philanthropic organization that supports entrepreneurship in Africa by enhancing the competitiveness of the African private sector. The Foundation is solely funded by Tony Elumelu, a billionaire who has derived an estimated $1 billion fortune from banking, energy, investments and real estate according to FORBES’ recent ranking of Africa’s 50 Richest People.

“It is our opportunity to empower a generation,” said Elumelu.

More details about the program, including eligibility and the application and selection processes are available on the Tony Elumelu Foundation website at: www.tonyelumelufoundation.org/TEEP.

Souce: Forbes.com