Vc&pe roundtable deck march

Opportunities in East Africa
Paul Bragiel: Partner
Mbwana Alliy: Africa Lead

i/o ventures
Angel Investment firm founded in 2009/2010
Heavy on mentorship with a great network
A funky space in the Mission district, San Francisco
Paul BragielAber Whitcomb AshwinNavin Jim Young
“Backed by I/O Ventures, the San Francisco café houses startups that get seed money, mentoring, four months of office space—and discounts on all the goodies”

i/o ventures Accelerator (2010)
$25,000 for 8%, 4-6 month program
All secured follow on financing, 2 acquired.

What does this have to do with Africa?
Talent exists everywhere: The Silicon Valley Link
International scope
Singapore (Oct 2010)
Brazil Trip (Nov 2010)
Tanzania, Kenya (Aug & Dec 2010)
Source: WSJ interactive series Jan 2011

Africa Economic Picture (2008)

East Africa Tech Overview
Market: 150M, Over 60M mobile users in the regions with about 5M+ internet users. (EAC union)
Talent: Raw engineers and students
Lack of Expertise: Inexperienced entrepreneurs, A serious lack of Angel investing despite VC/PE presence

Mobile Financial Services as a foundation for formalizing the economy

Mobile Money
Over 15M mobile banking users in Kenya alone and spreading across Tanzania, Uganda, Rwanda
http://www.slideshare.net/mpayconnect

Kenya as the regional innovator
Significant pool of engineering talent and the region’s first open incubator workspace
Leader in Mobile banking  transformative and force in sectors not limited to Financial Services
Education
Healthcare

Tanzania: Meet& Mentor
Meet Govt officials at the highest levels
Successful Businesses
Mentoring students & entrepreneurs
Local press generates awareness & excitement for tech

Tanzania Plans & i/o ventures
Dar Teknohama Incubator (May 2011)- Govt subsidized/PPP.
Incubator support
Mentoring & “Capacity Building”
Accelerator program & Seed Fund
Tech Park + Outsourcing (2012+)
Data Center (2012+)
http://www.datacentermap.com/

Tanzania: local partners
Commission for Tech & Economic Advisor to the president
InfoDev /World bank: Funded over 80 incubators worldwide
Finland is a major Donor
€3M/year in technology
Nokia innovation lab

Key Opportunities
Mobile Applications on emerging platforms
Emerging web services in key verticals and proven business models to scale across emerging middle class across East Africa
Emerging Ecommerce (marketplaces, key services)
Social Media, Content Inc. advertising (Mobile Web & SMS)
Entertainment (local)
Small business SaaS
Bottom of the Pyramid (BOP) + Leapfrog
Payments and remittance services
Crowdsourcing
eLearning and Education
mHealth
Energy & Cleantech

Energy & Cleantech
10-15% of the population in East Africa does have access to electricity… but it will grow
Billions needed to fix legacy infrastructure and benefits won’t flow to emerging lower/middle class
Leapfrog opportunities & new consumption models

http://www.mbwana.com	562
http://www.savannah.vc	9
http://www.weebly.com	7

Vc&pe roundtable deck march

by Mbwana Alliy on Mar 18, 2011

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