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Leapfrogging as an innovation pattern

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This presentation was held during the Lift Conference in Geneva in February 2016. It details how African entrepreneurs are taking the fast track to innovation by skipping whole generations of technologies and rethinking products and services for a global audience. It also presents a formula for how to think of African innovation in a global context.

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Leapfrogging as an innovation pattern

  1. 1. seedstarsworld* @marcelloscherme @gregpeps LEAPFROGGING AS AN INNOVATION PATTERN: HOW AFRICAN ENTREPRENEURS ARE TAKING THE FAST TRACK
  2. 2. Marcello Schermer marcello@seedstarsworld.com @marcelloscherme Gregory Pepper gregory@seedstarsworld.com @gregpeps
  3. 3. WHO DO WE HAVE IN THE ROOM? WHAT ARE YOUR EXPECTATIONS?
  4. 4. 1) WHAT IS SSW? 2) BUSTING MYTHS 3) THE NUMBERS 4) STEP IN THE SHOES OF AN ENTREPRENEUR
  5. 5. WHAT IS SEEDSTARS WORLD?
  6. 6. SEED STARS WORLD
  7. 7. 2015 Itinerary 7 Abidjan, Accra, Addis Ababa, Cape Town, Dakar, Dar Es Salaam, Gaborone, Kampala, Kigali, Lagos, Luanda, Maputo, Nairobi `LATAM 9 regional events CEE & MENA 15 regional events Africa 13 regional events Asia & Oceania 16 regional events Bogota, Buenos Aires, Lima, Mexico City, Montevideo, Panama, Quito, Santiago, Sao Paulo Alger, Amman, Baku, Beirut, Belgrade, Cairo, Casablanca, Dubai, Istanbul, Kiev, Moscow, Ramallah, Sofia, Tehran, Yerevan Bangalore, Bangkok, Dhaka, Ho Chi Minh, HK, Islamabad, Jakarta, Kuala Lumpur, Manila, Naypyidaw, Seoul, Shanghai, Singapore, Sydney, Taipei, Tokyo 50+ cities & events 4 regional teams on the ground
  8. 8. INVEST CONNECT PROMOTE
  9. 9. INVEST $500k = Global Winner $500k = Best Travel Startup
  10. 10. CONNECT 500+ partners 300+ investors 50+ countries
  11. 11. PROMOTE Globally 400+ articles 50+ countries
  12. 12. Seedstars Summit in Lausanne 12 #01 MEDIA COVERAGE 80+ journalists from all over the world come discover emerging market startups ………………………………………... CONNECTING THE DOTS 1000+ attendance from 50+ countries joined the Final Event in 2015 ………………………………………... 1000+ innovators 250+ articles 50+ local winners 100+ investors BOOTCAMP 50+ entrepreneurs follow a 4 day bootcamp to improve their pitch & learn new skills ………………………………………... NETWORKING 100+ investors & corporates connected with top tech startups ………………………………………... #02 #03 #04
  13. 13. BUSTING MYTHS: WHAT DO YOU KNOW ABOUT AFRICA?
  14. 14. Classify these countries from largest to smallest population: A. South Africa B. Kenya C. Nigeria D.Ethiopia
  15. 15. Classify these countries from largest to smallest population: A. Nigeria (183mio) B. Ethiopia (99mio) C. South Africa (55mio) D.Kenya (45mio)
  16. 16. The real size of Africa Africa Population today (2016): 1.2 billion Africa Population 2025: 1.5 billion Africa Population 2050: 2.5 billion
  17. 17. What is the median age of Africa? A. 12.8 B. 19.5 C. 23.2 D.32.3
  18. 18. What is the median age of Africa? A. 12.8 B. 19.5 C. 23.2 D.32.3
  19. 19. What is the median age of Africa? A. 12.8 B. 19.5 C. 23.2 D.32.3 E. Europe = 41.9
  20. 20. What is the mobile phone penetration in Africa? A. 21%? B. 34%? C. 47%? D.65%?
  21. 21. What is the mobile phone penetration in Africa? A. 21%? B. 34%? C. 47%? D.65%?
  22. 22. What is the mobile phone penetration in Africa? A. 21%? B. 34%? C. 47%? D.65%? E. USA = 103%
  23. 23. 2014 2015 China India United States China Japan Indonesia Brazil South Africa United Kingdom Brazil Germany Pakistan India Nigeria South Korea Egypt Russia Vietnam Italy Bangladesh TOP 10 SMARTPHONE MARKETS FOR GROWTH BY VALUE
  24. 24. What is the bandwidth capacity growth rate in Africa (between 2011-2015)? A. 27%? B. 39%? C. 42%? D.51%?
  25. 25. What is the bandwidth capacity growth rate in Africa (between 2011-2015)? A. 27%? B. 39%? C. 42%? D.51%?
  26. 26. How many hours per day do South Africans spend on social media on average? A. 1 B. 2 C. 3 D.4
  27. 27. How many hours per day do South Africans spend on social media on average? A. 1 B. 2 C. 3 D.4
  28. 28. How many hours per day do South Africans spend on social media on average? A. 1 B. 2 C. 3 D.4 E. USA = 2
  29. 29. What percentage of the Kenyan GDP flows through mobile phones? A. 13%? B. 29%? C. 42%? D.67%?
  30. 30. What percentage of the Kenyan GDP flows through mobile phones? A. 13%? B. 29%? C. 42%? D.67%?
  31. 31. Source: http://www.gsma.com
  32. 32. Sources: United Nations, World Bank, Internet World Stats, eMarketer, Statista
  33. 33. WHAT DO ALL THESE NUMBERS MEAN TO YOU?
  34. 34. ENTREPRENEURSHIP IN AFRICA THE NUMBERS
  35. 35. The funding landscape
  36. 36. The funding landscape
  37. 37. The funding landscape SOUTH AFRICA Ave Deal Size: $500k - $1,2mill Main Sector: Fintech TANZANIA Ave Deal Size: $107k Off Grid Electric 98% funds Main Sector: SolarNIGERIA Ave Deal Size: $1,6mill Main Sectors: Fintech & eCommerce GHANA Ave Deal Size: $218k Main Sector: Fintech KENYA Ave Deal Size: $940k - $2,6mill (with M-KOPA) Main Sector: Solar EGYPT Ave Deal Size: $950k Main Sector: eCommerce
  38. 38. The funding landscape
  39. 39. TRENDS FROM NO TECH TO HIGH TECH ENABLING VS REPLACING PEOPLE GROWING MIDDLE CLASS
  40. 40. WHAT MAKES INNOVATION IN AFRICA UNIQUE?
  41. 41. Tools 46 Solar SMS USSD IoT
  42. 42. Case Studies 47 Counterfeit Medication Mobile Phone Charging Findinga Job Better Farming
  43. 43. COUNTERFEIT MEDICATION
  44. 44. COUNTERFEIT MEDICATION
  45. 45. HOW WOULD YOU SOLVE THIS?
  46. 46. MPEDIGREE GHANA
  47. 47. Case Studies 52 Counterfeit Medication Mobile Phone Charging Findinga Job Better Farming
  48. 48. MOBILE PHONE CHARGING
  49. 49. HOW WOULD YOU SOLVE THIS?
  50. 50. Case Studies 56 Counterfeit Medication Mobile Phone Charging Findinga Job Better Farming
  51. 51. LOOKING FOR JOBS
  52. 52. HOW WOULD YOU SOLVE THIS?
  53. 53. Confidential Giraffe enables businesses to get the right staff within 48 hours, at very low cost Jobseeker Employer Jobseeker creates CV by SMSing 34345 Employer logs staff request online Match best candidates Candidates receive SMS and reply if interested Candidates arrive for interview Schedule interview CV stored in database 34345 59
  54. 54. Case Studies 60 Counterfeit Medication Mobile Phone Charging Findinga Job Better Farming
  55. 55. BETTER FARMING
  56. 56. HOW WOULD YOU SOLVE THIS?
  57. 57. EMPOWERING FARMERS
  58. 58. WHAT DID YOU TAKE AWAY?
  59. 59. Innovation made in Africa Global Problem Local Solution Global Awareness Sweet Spot
  60. 60. AFRICAN ENTREPRENEURS CAN LEVERAGE THE BEST TECHNOLOGIES & KNOWLEDGE TO SOLVE GLOBAL PROBLEMS THAT THE REST OF THE WORLD IS NOT EVEN AWARE OF.
  61. 61. Q & A
  62. 62. THANK YOU!

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