28 October 2016
First all-female Investor panel set for 4th Angel Fair Africa
The 4th Angel Fair Africa is set to have its first all-female “Investors Panel” on the first day of the 4th Angel Fair Africa from the 10th to 11th November 2016 at the Intercontinental Hotel, Nairobi, Kenya.
Laila Macharia, Angel Investor; Kanini Mutooni, Director of Investments at USAID East Africa Trade and Investment Hub; Lexi Novistske, Principal Investment Officer, Singularity Investments and Sapna Shah, Investment Director, Novastar Ventures will be in the panel.
The investors will discuss how they are backing Africa’s leading entrepreneurs to build great companies. The conversation would also focus on empowering more female investors and entrepreneurs.
The “Exits Panel” will feature Njeri Rionge who co-founded Wananchi and exited to East Africa Capital Partners, Hilda Moraa who exited Weza Tele to AFB last year, Munyutu Waigi who exited Rupu to Ringier AG and multi-exits entrepreneur, Chinedu Echeruo who sold Tripology to USA Today and Hopstop to Apple then co-founded Constant Capital based in New York.
These entrepreneurs will share their experiences of building their companies from scratch and exiting to motivate those pitching. A total of twenty entrepreneurs – startups and scaleups – have been selected from Kenya, Uganda, Tanzania, Rwanda, Ethiopia, Mozambique, Nigeria and South Africa through our partnership network – SeedStars World, Demo Africa, Uganda Investment Authority, Financial Sector Deepening Trust Tanzania, Ice Addis, Vilgro Kenya, Centum Foundation, K-Lab and Unreasonable Institute.
These entrepreneurs will pitch during the event, giving investors the opportunity to prioritize those they want to meet. The attendees will get the opportunity to network with the entrepreneurs as well as explore investment, business development and other opportunities.
Wendy Luhabe, Director of Abraaj Group observed that “An all female investor panel would not only encourage other female investors but more importantly enable more female entrepreneurs to venture out and live their dreams”.
“Men and women are sharing the work of funding Africa’s emerging digital economy. It’s exciting that Angel Fair Africa is helping to make that welcome development visible” said Esther Dyson, Super Angel Investor. Prior to Nairobi, AfA has been successfully held in Jo’burg in 2013, Lagos in 2014 and Accra in 2015 resulting in a number of deals such as Bertha Foundation investing in Vuyos. The Lagos Angels Network invested in Hutbay and Autobox whiles Zeepay announced their first seed investment at the Accra event last year.
Ericsson Innovation Challenge seeks ICT Solutions for Food Sector
The Ericsson sub-Saharan Africa Innovation Awards 2016 themed “The Future of Food” has challenged innovators to come up with a winning solution based on ICT that could revolutionise the food space.
Ericsson underscores the point that Sub-Saharan Africa faces a rapidly growing population and as a result, food production will need to increase significantly. “We encourage young innovators and start-ups to use this opportunity to make a real difference by using technology and ICT to make a positive contribution towards sustainability in the food sector in sub-Saharan Africa,” the company said on its website.
According to Ericsson, the goal is to find innovations that promote sustainability in the future of food, whether it be in food production, packaging, information availability or distribution – “we want to see your innovation and how it will change the future of the food industry as we know it!”
The Innovation Awards recognises thought leaders who create innovative technological solutions to empower communities and individuals, while working towards the goal of a fully networked society.
“We are looking for any idea that you think will contribute to the Future of Food – it can be highly technical or it can be a more social concept but please remember the solution needs to involve ICT.”
Outstanding ideas are rewarded to foster fresh talent. By competing in these awards, innovators will have the chance to showcase their ideas, grow their networks and reputations, and receive start-up support and guidance from leading African businesspeople.
Ericsson adds that it is a winner takes it all competition with a prize of $10,000 plus an entry into the Global Innovation Awards 2017.
Participants are expected to provide a 3-page business case and 3-minute video (maximum) as part of their entries.
Team entries are also encouraged in the student on the conditions that all team members will need to be a registered student at a tertiary institution on October 1, 2016; A team must be a minimum of 2 and a maximum of 4; Students from all years and all fields of study are eligible to participate, including PhD students.
“We encourage diversity in our teams and are open to teams of different nationalities, universities and fields of study.”
Start-ups who wish to enter the competition in the start-up category, are expected to have an annual turnover not less than USD800 000.
“Your business case will need to include: a product description, a problem statement and solution, a financial analysis and a sustainability analysis. It should be no longer than three pages.”
For video entries, the video needs to show what the innovation is, and how it works through a demonstration not exceeding three minutes.
The closing date for entries is Monday 7th November 2016.
A judging panel will select ten semi-finalists, one winner will be chosen from the semi-finalists, and the semi-finalists will be presented at the awards ceremony in a video that will showcase their innovations. The winner/winning team will be awarded and will present their innovation at the awards ceremony.