Africatwenty10 Accelerator Launches

— PRESS RELEASE — 

Africa now has a $2 trillion economy, with a third of the continent’s countries growing at 6% or more. It has 60% of the world’s arable land and we will soon have the world’s largest workforce and the youngest continent with 75% of population under 25 years.

Earlier in 2014, GEM published its annual report looking at the state of entrepreneurship globally. It found that sub-Saharan Africa is the region with by far the highest number of people involved in early-stage entrepreneurial activity with Zambia and Nigeria leading the world rankings. In light of these great strides of Africa in entrepreneurship many accelerators have being established to catalyze the growth of entrepreneurship in Africa.

The AfricaTwenty10 Accelerator is looking to solve the problem of the growth of very few truly large African companies (e.g. Seven Seas, Mara Group, Naspers) due to the fragmented and small market size in the different countries. This affects the continents ability to create strong companies and ecosystems.

Africa Twenty10 is an accelerator which will provide a three (3) month intensive program for startups to enable them launch in multiple markets to access bigger market sizes. We aim to balance the companies that we accept to include a fair balance of female led startups, social enterprises along with other profitable and impactful startups.

The Program is supported by Microsoft 4 Afrika Initiative, Appfrica Venture Capital Fund, Expand HR Services and innovation spaces across Africa including iSpace in Ghana. Application opened on 31st October 30 and Closes December 10th , 2014 .Please visit www.AfricaTwenty10.com to apply.

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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