Africa is the next tech frontier
With the youngest population in the world and incredibly fast tech adoption rates, Africa is set to be a gamechanger across the world in the next few years. The Economist, TechCrunch and more are following the story of the development of Africa’s developing ecosystem and the international investment that is coming into the continent because of it.
In 2018 alone, $725.6 Million was invested into tech startups in Africa and that was an exponential growth on the previous year according to Quartz. This news coincides with a 15% drop in the amount being invested in UK startups.
In 2018 alone, $725.6 Million was invested into tech startups in Africa and that was an exponential growth on the previous year according to Quartz. This news coincides with a 15% drop in the amount being invested in UK startups.
|
|
Despite this upward trend, there is still a long way to go.
The money raised in 2018 is representative of 458 deals. There are thousands of founders creating tech solutions to national and international problems each day. Accelerators have been known to receive 5-6 thousand applications for 20-30 openings in their program. So why aren’t we seeing more deals? There is a pipeline problem.
As well as a lack of accessibility between African and the rest of the world’s tech and investment ecosystems, there is also a skills and training gap that needs to be addressed. With the right access, tools and resources, each startup has the potential to become high growth case that can scale across Africa and other continents around the world.
Founders aren’t getting the tools they need to become investment ready, investors are seeking new areas and geographies to invest in, but when it comes to Africa, they don’t know where to start.
The money raised in 2018 is representative of 458 deals. There are thousands of founders creating tech solutions to national and international problems each day. Accelerators have been known to receive 5-6 thousand applications for 20-30 openings in their program. So why aren’t we seeing more deals? There is a pipeline problem.
As well as a lack of accessibility between African and the rest of the world’s tech and investment ecosystems, there is also a skills and training gap that needs to be addressed. With the right access, tools and resources, each startup has the potential to become high growth case that can scale across Africa and other continents around the world.
Founders aren’t getting the tools they need to become investment ready, investors are seeking new areas and geographies to invest in, but when it comes to Africa, they don’t know where to start.
This is our solution
|
We have created a method by which every tech startup team in Africa can easily and affordably access the tools and resources they need to become locally and internationally investment ready. AfriTech XYZ helps African tech startups connect with each other and experts across the global tech ecosystem. Through the advent of LIVE/pre-recorded video and audio content, we are providing highly sought after business methodology teaching to high growth potential startups in Africa. #AfriTech19 is AfriTech XYZ’s campaign to identify and support 19 high growth potential tech startups from Nigeria, Ghana, Kenya, South Africa and Uganda. The chosen 19 will enter into structured mentoring relationships with experts in the UK via video conferencing. The outcome of the campaign will be to help each founder gain the expertise they need to overcome key challenges in their businesses, get them widespread support that they can leverage to help them gain funding from local and international early stage VCs. |
