DEMO Africa Mini-Events To Be Held in Nairobi, Accra, Harare and Cairo

DEMO Africa will be holding four mini-events ahead of the main event in September. The events are intended to bring together regional technology eco-systems to learn and share from peers and industry players. The events are also aimed at encouraging innovations in less favored categories where interventions are critically needed in various countries across Africa.

The DEMO Africa mini-events will be hosted in four cities across Africa. These include Nairobi, Accra, Harare and Cairo. The first of these mini events is scheduled for 3rd June in Nairobi where East Africa technology entrepreneurs will interact with key industry players and their more successful peers.
Commenting on this announcement, DEMO Africa’s executive producer Harry Hare called on the entrepreneurs to take advantage of the existing opportunities, at the same time exuding confidence in the standards of innovations on the DEMO Africa stage. He added,

“With each passing year we get to witness the amazing thoughts and hard work of young entrepreneurs, I am confident that on the DEMO Africa stage this year, investors will get to witness innovations that will convince them to channel more of their resources towards technology entrepreneurship.”

Innovators from across Africa have been asked to submit their applications in the 12 application categories which include: Agriculture, Health, Education, Manufacturing and Retail. Others are Media and entertainment, Communication, Transport and Logistics, Energy, Finance and Banking, Water and Sanitation, Waste Management and recycling.
To qualify for DEMO Africa 2015, start-ups must ensure that their products have the ability to impact the marketplace of introduction. A clear business plan and a team capable of delivering the product are also vital. The product must be ready for launch and the business must be legally registered. Preference is given to disruptive innovations that have massive potential for scale.
The main DEMO Africa event is slated for 24th and 25th September. Apply now for a chance to witness the best technology innovations from Africa. This year, various investors will come together to discuss the “Africa opportunity” as well as discuss best practices, share lessons learned and set the road map for the future. These will include investors from the Cairo Angels, Lagos Angels Network, Ivoire Business Angels, Viktoria Angels, Ghana Angel Investors Network, Africa Angels Network, Cameroon Angels and Silicon Cape and others.
See http://www.demo-africa.com/ for more information regarding the DEMO Africa 2015
Editorial contacts:
Evelyne Wangui | Project and Communication Manager
Office:+254 20 404 1646
Mobile:+254 726 087 451
Miguel Heilbron| Director of Outreach-VC4Africa
Office:+31 20 233 63 25
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DEMO Africa Opens Startup Applications for 2015 Edition

The application window for DEMO Africa 2015 is now open and entrepreneurs can apply from today. The application process will be hosted by DEMO Africa’s partner VC4Africa. The application window will remain open throughout the months of March, April to close by end of May. This will be followed by all the qualifying applications being taken through an adjudication process after which the top thirty will be invited to pitch on the DEMO Africa stage in September during the DEMO Africa event in Lagos, Nigeria.

Commenting on the announcement, Ben White, Co-Founder and CEO of VC4Africa said: “We are looking forward to having even more mature applications this year. This means that competition will be stiff and I would encourage start-up entrepreneurs to present their best.”

Harry Hare, Executive producer for DEMO Africa observed that each year since the first DEMO Africa event was held in 2012, the number of applications keep going up. “We expect these numbers to go up again this year which is extremely encouraging as it clearly shows that more and more African entrepreneurs are getting enthusiastic about being part of Africa’s entrepreneurship revolution.”

To qualify for DEMO Africa 2015, start-ups must ensure that their products have the ability to impact the marketplace of introduction. A clear business plan and a team capable of delivering the product are also vital. The product must be ready for launch and the business must be legally registered. Preference is given to disruptive innovations that have massive potential for scale.

The 12 application categories include: Agriculture, Health, Education, Manufacturing and Retail. Others are Media and entertainment, Communication, Transport and Logistics, Energy, Finance and Banking, Water and Sanitation, Waste Management and recycling.

The applications will be vetted by an executive panel comprising experts in business and tech. The best thirty start-ups will have a chance to launch their products to an ecosystem of VCs, investors, tech acquisition specialists, IT buyers and media from across the region and around the globe.

The DEMO Africa Alumni have confirmed that they have been able to find valuable partnerships and learned useful business lessons through interactions by their participation. Last year, DEMO Africa presented 6 start-ups with a chance to tour the Silicon Valley to meet mentors and share with peers. These included; SpacePointe- Nigeria, Chura- Kenya, Nerve- Nigeria, Paysail- Ghana, Jifunza- Rwanda and Saisai-Zimbabwe. Recently, participants in VC4Africa research indicated they successfully raised USD 27 million, many of them being DEMO alumni.

Neal Silverman, Senior Vice President, DEMO Conference observed that Africa’s technology hotbed is simmering.” I am glad that the scene keeps heating up with each passing DEMO Africa event. The next challenge is to see a widespread consumption of locally manufactured solutions. Then Africa will have satisfactorily joined the league of world greatest economies.”

DEMO Africa 2015 is scheduled to take place on 24th and 25th September at the Eko Hotels and Suites in Lagos. This year’s event is being organized in collaboration with Nigeria’s Federal Ministry of Information and Communication Technologies and LIONS@FRICA partnership. As has been witnessed in the previous years, the September event is expected to attract top-notch African investors. Keep to http://www.demo-africa.com/ for updates on participants’ registration.

Submission of applications that meet the above requirements will be accepted online through https://vc4africa.biz/demo-africa/

For more information please contact:

Evelyne Wangui | Project and Communication Manager
Office:+254  20  404 1646
Mobile:+254  726 087 451
Email: evelyne.wangui@demo-africa.com

Miguel Heilbron| Director of Outreach-VC4Africa
Office:+31 20 233 63 25
Email: miguel@vc4africa.biz

Lagos To Host DEMO Africa Again In 2015!



Preparations for the 2015 edition of DEMO Africa have begun with Lagos successfully bidding to host the global event for the second year running. The event dates have been confirmed as 24th and 25th of September at the Eko Hotel and Suites.
This presents another chance for 40 more start-ups from across Africa to showcase their innovations on the DEMO Africa platform. The launch of new innovations is expected to prompt the attending audience of potential investors, IT buyer and consumers towards actions that will gain Africa further traction in the global start-up scene.
Lagos success to host the event for the second time is a direct result of the Federal Government’s endearing support to the ICT sector through the Ministry of Communication Technology. Notable moves include the recent announcement by the ministry to conduct a Government seeded IT Innovation Fund and committing US$ 9m as seed capital. The ministry has also made direct contact with the alumni who have participated in various technology competitions with the aim of assessing their needs and providing various interventions.
The Minister of Communication Technology, Dr. (Mrs.) Omobola Johnson in her comments stressed that ‘’We are pleased that DEMO Africa will be hosted in Nigeria for the second time. DEMO Africa provides a veritable platform for young Nigerian and African youths to showcase their creativity and innovation and push Africa’s frontier in the global space’’.
Lauding the efforts of the Ministry, Harry Hare, Executive Producer of DEMO Africa cited their actions as the cue that should be emulated by governments across Africa to ignite the already fizzing innovation energy by youths in Africa. “Efforts by young entrepreneurs are the sustainability upon which the future of generations in Africa rests.” He commented.
The application platform is set to open in late February. Since the event took place in September, more than ten start-ups that participated have already wooed investment opportunities. These include; Nerve, Chura, Paysail, Spacepointe, Irofit, Hutbay, and Cube. Others are at an advanced stage in the negotiation with various investors and companies interested in mergers.
Mr Yele Okeremi, the Chairman of the Local Organizing Committee pledged to bring together all machineries that will be necessary to make another success of the 2015 event. ”This presents another chance to bring together Africa’s most innovative minds and I promise the committee’s commitment to the success.”
This year, the event will include a host of other activities including an investor roundtable forum, LIONS@FRICA Summit and a boomcamp, with the uptake of Africa generated technology being expected to dominate the conversations.
In order to increase effectiveness, DEMO Africa will run several pre-demo contests in various countries as the beginning of the vetting process for the start-ups. Start-up entrepreneurs are encouraged to put their structures in place before end of February when the application platform will open.
All the applications will be vetted by a panel of judges comprising experts in Tech and Business who will shortlist the best forty on their ability to link creativity, innovation and effectiveness
The event will be co-hosted by The Ministry of Communication Technology-Federal Government of Nigeria, National Information Technology Agency-Nigeria and DEMO Africa in partnership with VC4Africa and Afrilabs.
For more information please contact:
Evelyne Wangui | Project and Communication Manager
Office:+254  20  404 1646
Mobile:+254  726 087 451
Email: evelyne.wangui@demo-africa.com
Yele Okeremi |Chairman, Local Organizing Committee

DEMO Top 40: Paysail Helps Businesses and Accountants Run Payroll Via Mobile Money

PaySail is the easiest way for businesses and accountants in Africa to run payroll, file tax and social security and also pay employees via Mobile Money or through the Bank. With a keen focus on simplicity of design and ease of use, PaySail automates every aspect of the payroll process.

Product
With PaySail, payroll taxes are automatically calculated each month, based on employees’ basic salaries. Paysail generates simple payroll reports available in multiple formats (including Excel). Paysail also generates and sends payslips to employees by email. These payslips can be accessed by the employee at anytime, from anywhere.
Value
By providing an extremely easy way for businesses to run payroll, pay employees and file taxes, we want to give local businesses a better payroll experience.
Successes
Our first success was to raise seed funding from the Meltwater Foundation. It’s generally hard for startups in Ghana to raise seed funding of any amount.
Our next success is that we are currently processing payroll for over 60 businesses after 5 months of starting PaySail.
We also ranked 2nd place at the Seedstars Accra event held in June this year.
Currently, we are one of 5 DEMO Africa LIONS who will be pitching in the US at DEMO.
Team
Precious Nyarko, CEO – Precious is a former Corporate Accounts manager at City Investments Company Limited. He is an Accountant by profession and a Graduate of Zenith University College . Precious also years of experience designing user interaction for scalable mobile and web applications.
Samuel Ako, CTO – Samuel Ako has over 5 years programming experience. His specialty is in developing scalable backend infrastructure for mobile and web applications. He also has strong interests in BigData and Natural Language Processing. He has a degree in Mathematics and Computer Science from University of Ghana Legon.
Osborn Adu-Kwarteng, Business Development – Osborn is a Google certified AdWords practitioner and has a degree in Mathematics from KNUST. Osborn loves to develop business strategies and to manage technical projects. Also is also a programmer and spends time developing various software projects using new web technologies.
Development Stack
PaySail is built with Node.js using the Express Framework. We currently host PaySail on Heroku whilst we use MongoDB to manage our data.
Contact/Social Media/Job Openings
Find us on Twitter on @happypayroll. You can also reach us by mail at info@paysail.co. Please visit https://www.paysail.co/jobs to see our job postings

What’s The Way Forward For Entrepreneurs After DEMO Africa 2014?

The International community added their voice to emphasize the need to tap entrepreneurial energy among Africans at the DEMO Africa event held in Lagos last week. The event which brought together players in the technology scene provided a critical platform for discussions geared towards fast tracking prosperity and growth in Africa with entrepreneurship being cited as the key to Africa’s freedom and prosperity.

In a video message to the participants, The US Secretary of State John Kerry emphasized the need to groom Africa’s young population to tap the entrepreneurial energy. He reminded Africans that places where people are free to trade and transform ideas are on the right track to growth and prosperity. “You can count on the United States support as you take on this journey to transformation through entrepreneurship.” He assured.

To thump their support, the US State Department through the LIONS@FRICA partnership will this year sponsor five DEMO Africa start-ups for a 10 day trip to pitch at the DEMO US. The five who were picked from the forty that pitched on the DEMO Africa platform, include Jifunza (Rwanda), Nerve (Nigeria), Paysail (Ghana), Chura (Kenya) and Spacepointe (Nigeria).

Players within the African technology scene seem to have headed to the call to secure Africa’s freedom. This was evident as they converged for the first pan-African Angel investor’s forum at DEMO Africa. Here, the need to work together in a pan-African Business Angel Network was reiterated. The investors present, both local and international, included angel investors, impact investors, venture capital funds, and corporate venture capital actors; all focused on early stage SME investing in Africa.VC4Africa’s CEO and Founder Ben White explains: “We see angel networks emerging across the continent. Now is the time to bring them together in a shared conversation about how best to move forward.”

The interest around the business-technology scene In Africa is on the rise. Notable influencers including Baybars Altuntas, Vice President of the European Business Angel Network (EBAN), was present at the DEMO Africa forum representing the interest and views of over 20,000 angel investors across Europe. Baybars confirmed that indeed, the majority of EBAN members want to learn more about African startups and the ecosystem, this being their new source of investment pipeline. “To fully engage European angel investors we seek our counterparts across Africa. This is key for co-investing into opportunities on the ground. The European Business Angel Network could support an African Business Angel Network with incubation.”

In line with this new found interest of the international community, VC4Africa Ben White confirmed that VC4Africa will rally a delegation of angel investors from African countries to participate in the European Business Angel Network will be held in Helsinki, Finland in November which will see among other things a roadmap developed for the way forward for Africa.

Microsoft, another key player announced a new Collaboration Challenge with AfriLabs to increase knowledge sharing across the hub network in Africa and spur innovation. The challenge, officially launched at this year’s DEMO Africa event, is tasking hub members with proposing and delivering an activity, process or tool that fosters collaboration within the AfriLabs network.

AfriLabs’ core function is to facilitate collaboration, which requires the right platforms, mechanisms and incentives for hubs and their teams to share information and dialogue. The winning solution will receive $15,000 from Microsoft and technical support to develop it. The hubs within the AfriLabs network will be provided with a more efficient way to learn from each other’s best practices and build more sustainable models.

This year’s event had been organized in collaboration with the LIONS@FRICA partners (Microsoft, Nokia, US State Department, DEMO, USAID, African Development Bank, VC4Africa among others) and Nigeria’s Federal Ministry of Information and Communication Technologies.

The DEMO Africa 2014 event was sponsored by Nigeria Information and Technology Development Agency (NIITDA), Microsoft, USADF, Department of State, Evernote, SWELL, Airtel, Bank of Industry, Nigeria Interbank Settlement System, Accenture, MTN, Oasis Management Company, Tony Elumelu Foundation and Main One.

Saisai Grabs SWELL Innovation Award As DEMO Africa Comes To A Close

Last Friday marked the final day of the 2014 edition of DEMO Africa. The event which drew the attention of top investors, IT buyers, IT consumers, Government officials and IT enthusiasts from across Africa, saw new flames fanned around the unveiled innovations.

The event has ended on an indescribable high note as Saisai from Zimbabwe rightfully scooped the SWELL Innovation award with Irofit and VOTO taking the first and second runners up positions respectively. The start-up will receive an all-expense paid trip to Silicon Valley as part of the SWELL Innovation Tour, which includes the exclusive participation in SWELL’s intensive soft landing program in Silicon Valley. Mike Chen, SWELL’s Founder expressed his excitement to be holding the inaugural SWELL Innovation awards in Africa and partnering with DEMO Africa. “I am confident that the SWELL Awards in Africa will represent an important element of the Global Startup Engagement platform to accelerate disruption and invoke corporate participation.”

Harry Hare the Executive Producer of DEMO Africa commended the participants for showing such great enthusiasm towards finding the much needed solutions for Africa. 

“It is inspiring to see that, now, more attention is being accorded the pursuit of solutions to problems that are uniquely African. The continent has one of the most diverse and talented pool of young people and finally, we are seeing a real intent by authorities to utilize the massive power within these brains to bring positive change, especially through technology.”

This week at DEMO Africa, besides the boom Camp and the Ampion Venture bus which graced this year’s event, serious minds came together through various organized meetings including the LIONS@frica Summit and the Pan African Angel Investors Summit which were held on Wednesday. VC4Africa’s CEO and Founder Ben White explained that the introduction of the new exclusive investor only event as part of the DEMO Africa is the next step in making sure the leading innovators from across the continent are going to get the backing they need to achieve scale. “We have seen angel networks emerging across the continent and now is the time to bring them together in a shared conversation about how best to move forward.”

This year’s event had been organized in collaboration with the LIONS@FRICA partners (Microsoft, Nokia, US State Department, DEMO, USAID, African Development Bank, VC4Africa among others) and Nigeria’s Federal Ministry of Information and Communication Technologies.

The DEMO Africa 2014 event was sponsored by Nigeria Information and Technology Development Agency (NIITDA), Software Giant Microsoft, USADF, Department of State, Evernote, SWELL, Airtel, Bank of Industry, Nigeria Interbank Settlement System, Accenture, MTN, Oasis Management Company, Tony Elumelu Foundation and Main One.

DEMO Africa, one of the flagship initiatives of the LIONS@FRICA partnership has over the years cemented its reputation for consistently identifying tomorrow’s cutting-edge technologies, and served as a launch pad event for Africa technology start-ups. The DEMO experience is 22 years old globally and in its third year in Africa with chapters in the United States, Europe, Brazil and Asia.

DEMO Africa Kicks Off In Lagos

The DEMO Africa event finally kicked off at the Lagos Oriental Hotel in Nigeria to an expectant audience of top investors, IT buyers, IT consumers, Government officials and IT enthusiasts from across Africa.

The event which begun on an amazing high note, saw the first batch of the forty DEMO Africa finalist launch their IT generated solutions with the hope of attracting the right eye to take their innovation to the next level. These included VOTO Mobile from Ghana, Chura from Kenya, Cube and Hutbay from Nigeria.

Welcoming the guests, Honorable Minister of Communication Technology Dr Omobola Johnson commented that Africa is no longer a continent plagued with disease, hunger and illiteracy.  She emphasized that Africa is rising and it’s time to invest in Africa. “Aside from Asia, we are the fastest rising continent and we are very excited as a government about the prospects that we are seeing in our young .I would urge the demonstrators to believe that it is possible to be the next Alibaba.”

Harry Hare the Executive Producer of DEMO Africa commended the participants for showing such great enthusiasm towards finding the much needed solutions for Africa. 

“It is inspiring to see that, now, more attention is being accorded the pursuit of solutions to problems that are uniquely African. The continent has one of the most diverse and talented pool of young people and finally, we are seeing a real intent by authorities to utilize the massive power within these brains to bring positive change, especially through technology.”

The DEMO Africa forum has seen serious minds put together through various organized forums including the LIONS@frica Summit and the Pan African Angel Investors forum held yesterday. VC4Africa’s CEO and Founder Ben White explains: “Going into the third year of DEMO Africa, we are excited to introduce a new exclusive investor-only event as part of the DEMO Africa 2014 event. This is the next step in making sure the leading innovators from across the continent are going to get the backing they need to achieve scale. At the same time, we see angel networks emerging across the continent. Now is the time to bring them together in a shared conversation about how best to move forward.”

Tomorrow will see the final group of the Final Forty take to the DEMO Africa stage as well as see eight of the start-ups participate in the SWELL Innovations awards. The winner will receive a one week business development & investor roadshow in Silicon Valley. 

This year’s event has been organized in collaboration with the LIONS@FRICA partners (Microsoft, Nokia, US State Department, DEMO, USAID, African Development Bank, VC4Africa among others) and Nigeria’s Federal Ministry of Information and Communication Technologies.

The DEMO Africa 2014 event is sponsored by Nigeria Information and Technology Development Agency (NIITDA), Software Giant Microsoft, USADF, Department of State, Evernote, SWELL, Airtel, Bank of Industry, Nigeria Interbank Settlement System, Accenture, MTN, Oasis Management Company, Tony Elumelu Foundation and Main One.

DEMO Africa, one of the flagship initiatives of the LIONS@FRICA partnership has over the years cemented its reputation for consistently identifying tomorrow’s cutting-edge technologies, and served as a launch pad event for Africa technology start-ups. The DEMO experience is 22 years old globally and in its third year in Africa with chapters in the United States, Europe, Brazil and Asia.

For more information please contact:

Evelyne Wangui | Project and Communication Manager
Office:+254  20  404 1646
Mobile:+254  726 087 451
Email: evelyne.wangui@demo-africa.com

Mr. Yele Okeremi | Chairman, Nigerian Local Organising Committee
Mobile: +234 803 304 1049
Email: yele@thepfs.biz

Tony Elumelu, Other Top Business Executives Attending DEMO 2014

A sneak preview into DEMO-Africa’s list of expected guests has revealed the names of some of the most influential business and technology personalities. The list features Mr. Tony Elumelu, the Chairman of Heirs Holdings and founder of Tony Elumelu Foundation; Mr. Baybars Altuntas, Vice president of The European trade Association for Business Angels (EBAN); Fernando de Sousa, the General Manager, Microsoft for Africa initiative; Mr. Jason Njoku the founder of IROKO and Mr. John. Momoh, the CEO, of Channels TV, Nigeria.

This year’s edition of DEMO Africa which will also be addressed by the Minister for Communication Technology, Dr (Mrs.) Omobola Johnson and her counterpart in the ministry, PS, Dr Tunji Olaopa, is expected to fuel discussions geared towards making critical adjustments that will allow Africa to create a better environment for business.

Besides gracing the event to scout for talent on the DEMO Africa stage, the key guests are scheduled to exchange ideas at the Angels Investors Summit on the 24th which will allow a knowledge exchange between the continent’s various angel investors and map out the future of angel investing in Africa.

Commenting on the heightened excitement from the expected participation, Mr. Yele Okeremi, the Chairman of the Local Organizing Committee, expressed confidence on the outcome of the event. “We feel honored to be able to host some of Africa’s biggest minds. We are positive that the ideas shared at this forum will be implemented to make Africa realize the dream of self-sufficiency.”

SpacePointe’ s   founder Sayu Abend, one of the finalists scheduled to pitch on the DEMO Africa, expressed optimism in the event stating that the unique mix of mentors and role models expected at the event is a rich source of important lessons for young entrepreneurs and the start-up businesses in Africa. “I am positive that SpacePointe and other participating start-ups are bound to grow from this experience.”

The DEMO Africa event preparations are now in the very final stages. Participants are being called upon to sign up on https://www.eventbrite.com/e/demo-africa-2014-tickets-10936486325 to secure their participation. There is a special package available to investor delegates which comprises 15% discount on a DEMO Africa ticket, 15% discount on a VC4Africa Pro Account, Access to the companies’ financials, Ticket to the Investor Cocktail on DEMO Africa’s opening evening, Ticket to a special Investor Boomcamp as well as access to a special Investor Lounge and Deal Room at DEMO Africa. More information on this package can be found athttp://vc4afri.ca/h6j8u

This year’s event is being organized in collaboration with the LIONS@FRICA partners (Microsoft, Nokia, US State Department, DEMO, USAID, African Development Bank, VC4Africa among others) and Nigeria’s Federal Ministry of Information and Communication Technologies.

#DEMOTop40 : mergims Aggregates Product Listings from Merchants Across Africa

Online retailing is growing across Africa. Several startups are making strides in targeting these sectors. One of such startups is mergims. Mergims is currently listing merchants to its site and mobile app to allow diaspora members purchase goods or services online for their loved one in Africa.

Product
A website and a mobile application (IOS now, soon an Android app)

Value
Our business model will bring the cost much lower than the 10% minimum charged by Western Union and its lookalikes . The processes will take 5 minutes instead of 2 hours required in average.

Successes

  • We have an angel investor with us, Mr Pule from African Angel Network
  • We have our IOS mobile App ready
  • We made it in top 40 for DEMO Africa 2014
  • We are securing partnership with merchants in East Africa that we can not disclose for now
  • We have a strong team
  • Lot of followers on various social media platforms
The MERGIMS Team

Team
MERGIMS (combination of merging markets was started in the summer 2012) is run by the following people:

  • Muhire Louis-Antoine, a Canadian University graduate in communications. As the Founder & CIO and in charge of investor relations Muhire has been in Internet business since he was 20 years old. The Rwanda-born entrepreneur left Rwanda after the genocide and has been living in Canada since then.
  • Gilbert Niyo Mugabo, COO, who has been to US and Canadian universities graduated in Logistics, a Siupply Chain Specialist with extensive experience in business administration.
  • 2 Partners (Mr Rey Lionel, Accountant; Miss Ayesha Akhtar, Legal manager and Executive Marketing)
  • Mr Jean Paul Mugizi, Technical Product Manager and IT Consultant

Development Stack
Confidential

Contact/Social Media/Job Openings
PR : Muhire Louis Antoine ,CIO and Co-founder muhirela@mergims.com

Website : www.mergims.com
Twitter : @infomergims
Facebook: /MERGIMS

Job opening : CEO, Webmaster and CRM with experience and ready to work in  East Africa.

Microsoft Takes Up Platinum Sponsorship for DEMO Africa 2014


PRESS RELEASE

1st September 2014

Software Giant, Microsoft to sponsor this year’s DEMO Africa Event

Microsoft Corporation has taken up platinum sponsorship for this year’s edition of DEMO Africa that will be held later in the month, in Lagos, Nigeria. The company will participate in the event for the 3rd time under the Microsoft 4Afrika initiative.
The sponsorship will see Microsoft offer financial support for the event where 40 tech based start-ups from across Africa are expected to pitch to potential investors. DEMO Africa recently released the names of the final 40 start-ups that will launch on the DEMO Africa stage where Nigeria, Ghana, Kenya and Egypt will have the highest representation.

Commenting on the collaboration, Fernando de Sousa, GM Africa Initiatives at Microsoft, underscored the importance of innovations to the growing African economy. “DEMO Africa has given a platform for investors to realize the enormous potential amongst African youth showcased through startups. As an organization that has operated in the continent for over 20 years, Microsoft believes  Africa’s economic take-off to long-term growth prospects  will be determined by the investment decisions we make today in support of  youth initiatives. ”

Welcoming the support, DEMO Africa’s Executive Producer, Harry Hare commented that investor’s confidence plays a very critical role in motivating start-up entrepreneurs .” We acknowledge the support of Microsoft and their efforts in uplifting young entrepreneurs in Africa. It’s this kind of support that assures us that the future is indeed bright for Africa and at DEMO Africa we are keen to make our contribution to this success.

As has been witnessed in the past, the September event is expected to attract top investors, tech acquisition specialists, IT buyers and media from across the region and around the globe. Participants’ registration is already open on https://www.eventbrite.com/e/demo-africa-2014-tickets-10936486325.

The secretariat has put together a special package for investor delegates which comprises:15% discount on a DEMO Africa ticket, 15% discount on a VC4A Pro Account, Access to the companies’ financials, Ticket to the Investor Cocktail on DEMO Africa’s opening evening, Ticket to a special Investor Boomcamp as well as access to a special Investor Lounge and Deal Room at DEMO Africa. More information on this package can be found at http://vc4afri.ca/h6j8u

DEMO Africa 2014 is scheduled to take place between 22nd and 26th of September at the Oriental Hotel in Lagos, Nigeria. This year’s event is being organized in collaboration with the LIONS@FRICA partners, VC4Africa and Nigeria’s Federal Ministry of Information and Communication Technologies.

For more information please contact:

Evelyne Wangui | Project and Communication Manager
Office:+254  20  404 1646
Mobile:+254  726 087 451
Email: evelyne.wangui@demo-africa.com

Annette Mutuku|PR & Communications Lead, Africa Initiatives at Microsoft:Email:v-amutuk@microsoft.com)africa.com