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Thanks for reading!
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Thailand is transforming its economy to embrace both industry and the digital sector. The government is establishing a Ministry of Digital Economy and Society and developing a digital economy framework focused on digital commerce, entrepreneurship, innovation, and content. This includes improving infrastructure like broadband networks and data centers. The government is also supporting the growing startup ecosystem and innovative workforce to position Thailand as a digital hub in ASEAN.
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Technopreneurship and the Early Stage Ecosystem in China in 2013Chris Evdemon
20 slides about everything you should know on the state of the Chinese internet, the start-up community and resources available to entrepreneurs in China in 2013.
Opportunities in China's Startup EcosystemZhenFund
The 2013 update from ZhenFund on the state of China's technology startup ecosystem. Last time we outlined the 3C's 2E's in understanding the differences between China and Silicon Valley. This year we focus on some of the positive trends we see developing in the startup ecosystem.
Interested in starting a company in Brazil? Here is a quick 15-min guide for everything you need to know to get started.
This guide is provides an overview of the Brazil market size, key players, opportunity then dives into topics such as costs of operation, rules/regulations and even local culture.
Brazil Startup Report is a guide written by local volunteer entrepreneurs and investors. If you are interested in creating such a report for your own country, please contact hello@worldstartupreport.com. Please also consider making a donation to help create more of these free reports for other countries in need.
Thanks for reading!
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An introduction to mainland China's current situation in terms of an early stage technology companies ecosystems - what's there and what's missing? What does a technopreneur need to do to prepare?
Thailand is transforming its economy to embrace both industry and the digital sector. The government is establishing a Ministry of Digital Economy and Society and developing a digital economy framework focused on digital commerce, entrepreneurship, innovation, and content. This includes improving infrastructure like broadband networks and data centers. The government is also supporting the growing startup ecosystem and innovative workforce to position Thailand as a digital hub in ASEAN.
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Presentation on SunBridge and the evolving environment for Entrepreneurism and Venture Capital in Japan given at Stanford University US-Asia Technology Management Center April 20, 2010. Identifies failure to expand internationally as a key failure of Japanese startups relative to their peers in the US and Europe.
Technopreneurship and the Early Stage Ecosystem in China in 2013Chris Evdemon
20 slides about everything you should know on the state of the Chinese internet, the start-up community and resources available to entrepreneurs in China in 2013.
Presentation given to Dutch executives with the leadership training company De Baak in Beijing on March 2009. It's our first focused on "Chinese innovation", with our soon-to-be-famous "5C" (tm) and "LABL" (tm) models of Chinese innovation and what to do with it. A few examples of mobile and Internet services are given for illustration. Explaining why we selected them and what to do with them is the core of our business.
Technology and Business Innovation in China: Presentation and Discussion at S...Mark Mueller-Eberstein
Technology and Business Innovation in China: Presentation and Discussion at Seattle University with the Graduate MBA students on opportunities and challenges for entrepreneurs, investors, organizations, education and society.
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Experiences from Beijing, Singapore, Shanghai, Shenzhen, Hangzhou, Suzhou, Hong Kong from TEDx speaker Professor Mark Mueller-Eberstein
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Report released Sept 16 providing overview of this vibrant sector.
Prepared by Technology Investment Network (TIN) on behalf of the New Zealand Ministry of Business, Innovation and Employment (MBIE)
The document provides an overview of Nigeria's startup ecosystem, including:
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- Social innovation is seen as more important than technology given issues with education, patents, and brain drain. The Co-Creation Hub was a key early player.
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45 Year Review Of Technopreneurs In Malaysia Start Up Camp KL Gewmalaysiarichard abas
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ScaleX building a successful startup ecosystemmustafa sarac
Culture in Turkey's startup ecosystem has several strengths and weaknesses. Strengths include an entrepreneurial population with increasing interest in startups due to local success stories. However, weaknesses include a focus on local ambition over global success and experienced talent hesitating to join startups. Turkey can promote global champions to inspire global thinking and connect with successful Turkish diaspora founders to ignite global ambitions.
Startup Innovation as a Catalyst for Change in Mobile Finance & CommerceKickstartPH
"Bank tellers will be the telegraph operators of the 21st century when we look back in a 100 years.“ - DAN I. SIAZON, Senior Vice President and Treasurer, Kickstart Ventures.
Kickstart, the venture capital firm of Globe Telecom based in Manila, Philippines, shared during Mondato Summit Asia 2015 how risk-seeking approaches inherent to startups can be applied to banking and financial services.
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For more key takeaways of Mondato Summit Asia 2016:
* View DAY 1 (Oct 20th) here: http://www.mondatosummit.com/blog/2015/10/21/mondato-summit-asia-2015-day-one
* View DAY 2 (Oct 21st) here:
http://www.mondatosummit.com/blog/2015/10/22/mondato-summit-asia-2015-day-two
This document provides an overview of the Startup India initiative launched by the Indian government. It discusses the launch of Startup India in January 2016, with key points like funds, tax incentives, and regulatory clearances to support entrepreneurs. The document also examines the impact on the Indian economy through job creation, exports, production and GDP growth. Major target segments are women, SC/ST communities, and changing social trends toward entrepreneurship.
The document provides an overview of innovation across Africa, focusing on five leading countries for digital innovation - Kenya, Ivory Coast, Nigeria, Ghana, and South Africa. It examines the tech potential and startup scenes of each country, highlighting innovations, challenges, and organizations supporting entrepreneurship. Key hubs and accelerators are discussed for each location.
Presentation given to Dutch executives with the leadership training company De Baak in Beijing on March 2009. It's our first focused on "Chinese innovation", with our soon-to-be-famous "5C" (tm) and "LABL" (tm) models of Chinese innovation and what to do with it. A few examples of mobile and Internet services are given for illustration. Explaining why we selected them and what to do with them is the core of our business.
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The document provides an overview of Nigeria's startup ecosystem, including:
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- Social innovation is seen as more important than technology given issues with education, patents, and brain drain. The Co-Creation Hub was a key early player.
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China Startup Scene: A Few Lessons Learned (1million cups omaha )Mark Koester
This document discusses startup communities in China and lessons learned from efforts to grow them. It notes key characteristics of China including major regional differences, little interpersonal trust, and an active but divergent startup culture. It describes stages of involvement including helping partners and only trusting the right ones. It warns of issues with individual organizers and stresses the importance of strong partners. While there is amazing talent and products, the startup scene is characterized as fragile, predatory, and lacking good mentorship. It discusses community programs and accelerators as ways to help foster startup ecosystems.
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This document provides a summary of technopreneurs and technology startups in Malaysia over the past 45 years. It notes that while the government has supported various technology initiatives and sectors over the decades, the country has struggled to produce world-class technology companies or attract major venture capital firms due to lack of a strong innovation ecosystem and entrepreneurial culture comparable to places like Silicon Valley. However, the global economic crisis may help drive changes needed to improve the environment for technology startups in Malaysia.
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ScaleX building a successful startup ecosystemmustafa sarac
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Startup Innovation as a Catalyst for Change in Mobile Finance & CommerceKickstartPH
"Bank tellers will be the telegraph operators of the 21st century when we look back in a 100 years.“ - DAN I. SIAZON, Senior Vice President and Treasurer, Kickstart Ventures.
Kickstart, the venture capital firm of Globe Telecom based in Manila, Philippines, shared during Mondato Summit Asia 2015 how risk-seeking approaches inherent to startups can be applied to banking and financial services.
Startups are beginning to influence mobile finance and commerce (MFC) by leveraging on the possibilities brought by telecommunications and banking, unhindered by preconceptions of what can or cannot be done.
For more key takeaways of Mondato Summit Asia 2016:
* View DAY 1 (Oct 20th) here: http://www.mondatosummit.com/blog/2015/10/21/mondato-summit-asia-2015-day-one
* View DAY 2 (Oct 21st) here:
http://www.mondatosummit.com/blog/2015/10/22/mondato-summit-asia-2015-day-two
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The document provides an overview of innovation across Africa, focusing on five leading countries for digital innovation - Kenya, Ivory Coast, Nigeria, Ghana, and South Africa. It examines the tech potential and startup scenes of each country, highlighting innovations, challenges, and organizations supporting entrepreneurship. Key hubs and accelerators are discussed for each location.
Nigeria has a growing population that will exceed 300 million by 2030, but unemployment is prevalent due to the large number of university graduates each year. Many graduates now see digital entrepreneurship as the ideal way to make a living. While entrepreneurship provides hope for employment, Nigerian entrepreneurs face significant challenges including a lack of steady electricity, limited access to credit, burdensome government policies, poor cash management, and greed. However, small businesses are becoming a larger contributor to Nigeria's economy, and the growing digital entrepreneur community and startup culture in cities like Lagos provide hope for Nigeria's economic future.
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Akinkunmi Akindiji is a property investor, technology consultant, and avid F1 fan, Kunmi has a diverse range of interests and expertise. With a background in delivering projects across a variety of industries, including insurance, banking, telecoms, and automotive, Kunmi has a wealth of experience supporting enterprise scale digital transformation projects.
While Medieval Weapons and Medieval Warfare both discuss innovation in medieval times, they differ in their perspectives. The Medieval Machine views technological advancements positively as beneficial to society, while Medieval Warfare sees them negatively as perpetuating warfare. Both texts agree that innovations led to counter-innovations, like developments in armor spurring more powerful weapons. Overall, the books provide contrasting views on whether medieval innovations helped or hindered society.
Indonesian Tech Ecosystem Report - Bits by BricksRama Manusama
Telkom Indonesia is committed to supporting Indonesia's growing startup ecosystem through its corporate venture arm, MDI Ventures. Historically, the telecommunications industry has been disrupted by new technologies like email replacing telegraphs. Telkom recognizes that digital revolution is ongoing and companies must evolve to stay ahead. This report discusses Indonesia's promising potential for tech startups due to factors like demographics and internet growth, but also notes barriers to startup growth in the country, including payments issues, consumer behavior challenges, and difficulties of doing business. The report argues that corporate involvement is crucial for startups to scale in Indonesia by providing infrastructure, market access, and strategic partnerships.
The Last Mover Advantage: A Case for Technology And Innovation- Union Bank Ce...Kola Aina
Earlier this month, I was invited to deliver a talk themed; "The Last Mover Advantage: A Case for Technology And Innovation" at Union Bank's Centenary Celebration Event, titled: “The Next 100 Years – A Call to Action” which held on 25th October, 2017.
Unfortunately I fell ill, was hospitalized and was unable to deliver this very important message.
But here you have it.
Akinkunmi Akindiji is a property investor, technology consultant, and avid F1 fan, Kunmi has a diverse range of interests and expertise. With a background in delivering projects across a variety of industries, including insurance, banking, telecoms, and automotive, Kunmi has a wealth of experience supporting enterprise scale digital transformation projects.
The world of venture capital has seen huge changes over the past decade. Ten years ago there were fewer than
20 known unicorns in the US5
; there are now over 2006
. Annual investment of global venture capital has increased
more than fivefold over the same period, rising to $264 billion by 2019. This investment has been dominated by the
tech sector harnessing digital frontiers to disrupt traditional industries – including cloud computing, mobile apps,
marketplaces, data platforms, machine learning and deep tech.7
It is an ecosystem that acts as the birthplace for
innovation and brands that can shape the future of consumerism, sectors and markets.
As COVID-19 has taken hold of the
world, the question of whether venture
capital, and early stage investing more
broadly, is backing and scaling the
innovations our world really needs has
never been more pertinent. Life science
and biotech investing is an asset class
perhaps most resilient and relevant to
the short-term impact of COVID-19,
but there is another impact-critical
investment area that is emerging as
an increasingly important investment
frontier: climate tech.
This research represents a first-ofits-kind analysis of the state of global
climate tech investing. We define what
it is and show how this new frontier
of venture investing is becoming a
standout investing opportunity for the
2020s. Representing 6% of global
annual venture capital funding in 2019,
our analysis finds this segment has
grown over 3750% in absolute terms
since 2013. This is on the order of 3
times the growth rate of VC investment
into AI, during a time period renowned
for its uptick in AI investment.8
Looking forward can climate tech in the
2020s follow a similar journey to the
artificial intelligence (AI) investing boom
in the 2010s? The substantial rates of
growth seen in climate tech in the late
2010s, and the overarching need for
new transformational solutions across
multiple sectors of the economy,
suggests yes. The stage appears set
for an explosion of climate tech into the
mainstream investment and corporate
landscape in the decade ahead.
The document is a manifesto outlining policy recommendations to support digital startups in the UK. It discusses how access to finance is still a major issue for startups despite costs of launching decreasing. It recommends that the government commit to keeping Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS) tax reliefs, bring back tax reliefs for Corporate Venture Capital, and remove the cap on Entrepreneurs' Relief and lower the equity threshold to better incentivize entrepreneurship. Improving access to financing for startups is a key focus of the policy proposals.
Entrepreneurship in India and challengesArmaan Anand
Entrepreneurship in india context to global. challenges faced by Indian entrepreneur, major hindrance for an Indian entrepreneur, position of Indian entrepreneur, entrepreneur, entrepreneurship, why entrepreneurship in India, is India the spot for entrepreneur & entrepreneurship. future for Indian entrepreneurship & entrepreneur.
Proposed revenue streams for accelevateIsaacBarasa5
The document is a proposal for revenue streams for accellevate lead a social enterprise firm aimed at impacting technical skills for graduates through engagements with industry leaders in Kenya
Columbia business school case study on CWGAustin Okere
- The document provides background context on Nigeria's political, economic, and business environment, which presented challenges but also opportunities for growth. It discusses Computer Warehouse Group's (CWG) founding, business model, and steady growth over 13 years serving major corporate customers.
- CWG was offered $8 million for a 25% stake by an international private equity firm, which could provide growth capital to seize new opportunities. However, the CEO pondered the deal's consequences while stuck in traffic, given risks of doing business in Nigeria's unstable context.
Passion Incubator is a technology incubator and accelerator with expertise in
innovation program design and technology investments. Established to support and promote innovation and facilitate collaboration within the African ecosystem, we are a platform for nurturing, cultivating, and exhibiting African entrepreneurial talent and thought leadership.
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- Explore Apache Kafka for real-time data streaming and Amazon S3 for scalable storage solutions.
6. Viewing Kafka Messages in the Data Lake
- Learn how to view and analyze Kafka messages stored in a data lake for better insights.
7. What is Prometheus?
- Get to know Prometheus, an open-source monitoring and alerting toolkit, and its application in monitoring edge devices.
8. Monitoring Application Metrics with Prometheus
- Detailed instructions on setting up Prometheus to monitor the performance and health of your anomaly detection system.
9. What is Camel K?
- Introduction to Camel K, a lightweight integration framework built on Apache Camel, designed for Kubernetes.
10. Configuring Camel K Integrations for Data Pipelines
- Learn how to configure Camel K for seamless data pipeline integrations in your anomaly detection workflow.
11. What is a Jupyter Notebook?
- Overview of Jupyter Notebooks, an open-source web application for creating and sharing documents with live code, equations, visualizations, and narrative text.
12. Jupyter Notebooks with Code Examples
- Hands-on examples and code snippets in Jupyter Notebooks to help you implement and test anomaly detection models.
Ivanti’s Patch Tuesday breakdown goes beyond patching your applications and brings you the intelligence and guidance needed to prioritize where to focus your attention first. Catch early analysis on our Ivanti blog, then join industry expert Chris Goettl for the Patch Tuesday Webinar Event. There we’ll do a deep dive into each of the bulletins and give guidance on the risks associated with the newly-identified vulnerabilities.
Driving Business Innovation: Latest Generative AI Advancements & Success StorySafe Software
Are you ready to revolutionize how you handle data? Join us for a webinar where we’ll bring you up to speed with the latest advancements in Generative AI technology and discover how leveraging FME with tools from giants like Google Gemini, Amazon, and Microsoft OpenAI can supercharge your workflow efficiency.
During the hour, we’ll take you through:
Guest Speaker Segment with Hannah Barrington: Dive into the world of dynamic real estate marketing with Hannah, the Marketing Manager at Workspace Group. Hear firsthand how their team generates engaging descriptions for thousands of office units by integrating diverse data sources—from PDF floorplans to web pages—using FME transformers, like OpenAIVisionConnector and AnthropicVisionConnector. This use case will show you how GenAI can streamline content creation for marketing across the board.
Ollama Use Case: Learn how Scenario Specialist Dmitri Bagh has utilized Ollama within FME to input data, create custom models, and enhance security protocols. This segment will include demos to illustrate the full capabilities of FME in AI-driven processes.
Custom AI Models: Discover how to leverage FME to build personalized AI models using your data. Whether it’s populating a model with local data for added security or integrating public AI tools, find out how FME facilitates a versatile and secure approach to AI.
We’ll wrap up with a live Q&A session where you can engage with our experts on your specific use cases, and learn more about optimizing your data workflows with AI.
This webinar is ideal for professionals seeking to harness the power of AI within their data management systems while ensuring high levels of customization and security. Whether you're a novice or an expert, gain actionable insights and strategies to elevate your data processes. Join us to see how FME and AI can revolutionize how you work with data!
A Comprehensive Guide to DeFi Development Services in 2024Intelisync
DeFi represents a paradigm shift in the financial industry. Instead of relying on traditional, centralized institutions like banks, DeFi leverages blockchain technology to create a decentralized network of financial services. This means that financial transactions can occur directly between parties, without intermediaries, using smart contracts on platforms like Ethereum.
In 2024, we are witnessing an explosion of new DeFi projects and protocols, each pushing the boundaries of what’s possible in finance.
In summary, DeFi in 2024 is not just a trend; it’s a revolution that democratizes finance, enhances security and transparency, and fosters continuous innovation. As we proceed through this presentation, we'll explore the various components and services of DeFi in detail, shedding light on how they are transforming the financial landscape.
At Intelisync, we specialize in providing comprehensive DeFi development services tailored to meet the unique needs of our clients. From smart contract development to dApp creation and security audits, we ensure that your DeFi project is built with innovation, security, and scalability in mind. Trust Intelisync to guide you through the intricate landscape of decentralized finance and unlock the full potential of blockchain technology.
Ready to take your DeFi project to the next level? Partner with Intelisync for expert DeFi development services today!
Have you ever been confused by the myriad of choices offered by AWS for hosting a website or an API?
Lambda, Elastic Beanstalk, Lightsail, Amplify, S3 (and more!) can each host websites + APIs. But which one should we choose?
Which one is cheapest? Which one is fastest? Which one will scale to meet our needs?
Join me in this session as we dive into each AWS hosting service to determine which one is best for your scenario and explain why!
This presentation provides valuable insights into effective cost-saving techniques on AWS. Learn how to optimize your AWS resources by rightsizing, increasing elasticity, picking the right storage class, and choosing the best pricing model. Additionally, discover essential governance mechanisms to ensure continuous cost efficiency. Whether you are new to AWS or an experienced user, this presentation provides clear and practical tips to help you reduce your cloud costs and get the most out of your budget.
Letter and Document Automation for Bonterra Impact Management (fka Social Sol...Jeffrey Haguewood
Sidekick Solutions uses Bonterra Impact Management (fka Social Solutions Apricot) and automation solutions to integrate data for business workflows.
We believe integration and automation are essential to user experience and the promise of efficient work through technology. Automation is the critical ingredient to realizing that full vision. We develop integration products and services for Bonterra Case Management software to support the deployment of automations for a variety of use cases.
This video focuses on automated letter generation for Bonterra Impact Management using Google Workspace or Microsoft 365.
Interested in deploying letter generation automations for Bonterra Impact Management? Contact us at sales@sidekicksolutionsllc.com to discuss next steps.
2. "With technological advancements and the
establishment of innovation centers all over the
globe, Nigeria is positioning itself as a critical
player".
3.
4. The nation of, Nigeria located in
Western Africa is vast in landmass and
populace. According to
NationsOnline.org, it has an area of
923,768 km square and a population of
about 200 million people making it the
7th most populous country in the
world.
With technological advancements and
the establishment of innovation centers
all over the globe, Nigeria is positioning
itself as a critical player. Young and
dynamic entrepreneurs have emerged
in the tech space seeking to provide
solutions to some challenges facing the
country’s economy.
Innovations across different sectors
have emerged such as in the financial
sector, health sector, environmental
sector, educational sector, etc.
Presently, several start-up tech
companies are springing up all around
the country.
From Lagos, which is the center of
commerce in Nigeria, to Abuja (the
Federal Capital), to Abia (the South-
East region) and, to other parts of the
country.
5. With these advancements in technology,
the E-commerce industry was birthed
and thus revolutionized the mode of
business transactions in the country
thereby availing consumers the
opportunity to market, bank, invest,
purchase, distribute, communicate and
explore, anytime and anywhere.
Nigeria’s digital ecosystem is evolving
and experiencing rapid adoption of
technology and innovation, with dynamic
hubs, hackathon sessions, and growing
Fin-Tech, E-Commerce, Health-Tech,
and Clean-Tech ecosystem.
Mark Zuckerberg in Lagos, Nigeria
6. According to Proshare, in 2010, the
Co-Creation Hub team, which is often
referred to as “Africa’s Silicon Valley”,
was created to provide a platform for
like-minded technological enthusiasts,
allowing them to share ideas to solve
social problems in the country.
With this platform, several tech
companies have emerged like BudgIT,
WeCyclers, Ruby, Lifebank, amongst
others.
Bilikiss Adebiyi Abiola is
the CEO of the Lagos-
based recycling
company, Wecyclers.
7. Young Nigerian Entrepreneurs have
since then dazzled with innovative
software development companies
providing solutions in the financial
sector and other critical sectors of the
economy. e.g. Andela and Flutterwave.
Also, the Federal and some State
governments have started exploring the
development of innovation hubs as
incubators and catalysts of
technological advancement.
The recent outbreak of Covid-19 and its
restrictions in movement has further
revolutionized industries and sectors in
the country. For example, the
educational sector has since 2020
embraced the idea of E-learning, which
has made emerging trends like SaaS and
streaming services popular.
In Nigeria today, a 5-year-old can
operate an electronic device as opposed
to the past when parents would not
allow their kids to own a device. A child
owning and operating an electronic
device is now seen as more of a
necessity than luxury.
8. The pandemic has
gone a long way in
further changing
consumer behaviour
towards emerging
trends.
9. Some of the major players among the start-up tech
companies include Flutterwave, Interswitch, Helium
Health amongst many others.
Helium Health Founders:
Adegoke Olubisi (CEO), Tito Ovia
(Head, Public Growth Sector), Dimeji
Sofowora (CFO)
Olugbenga Agboola, CEO and
co-founder of Flutterwave.
Interswitch CEO Mitchell
Elegbe.
11. The growing success rate of start-
up techs in Nigeria makes sourcing
for funds less exasperating, as
investors are quickly willing to
invest in the Nigerian market.
In 2019, as Nigerian fin-tech
companies take the lead on the
continent, the sector as a whole
was able to attract a $122million
fund.
More so, according to TechPoint, in
2020, over 100 investors
(individuals and institutions)
participated in funding over 50
Nigerian tech start-ups.
African start-up tech companies
raised over $1 billion in funding,
with Nigerian start-ups raising 17%
of this amount. In the first quarter
of the year, Nigerian tech
companies were able to raise over
$55million and over $28 million in
the second quarter.
Nigerian start-up tech companies
have been able to raise capital
through several means. From
Crowdfunding, Series A, Series B
funding rounds led by various
International Finance co-
operations, to Debt Financing, Seed
Rounds, Equity Rounds etc.
12. For example, with the help of US
venture capital firms, Greycroft and
eVentures, flutterwave was able to
raise over $30million Series-B round
in January 2020. Helium health has
also raised over $12million Series A,
over 5 rounds.
13. With the growing enthusiasm and
youthful vibrancy to forge
technological innovations, amidst
young ‘tech-preneurs’, the Nigerian
Tech ecosystem has had
tremendous growth and success in
the recent past.
Start-up companies have received
support and funding from different
investors. However, these great
strides are muddled up in several
challenges which are bedevilling
the tech ecosystem.
Challenges
14. These challenges have
crumbled some start-ups even
before they began to soar and
have stunted the growth of
some others.
Poor Infrastructure
Poor infrastructure is a
problem that has plagued
Nigeria for decades and is still
a major issue for start-up tech
companies. Infrastructural
problems ranging from poor
electricity supply to poor
internet connection are the
norm.
Lack of constant power
supply leaves companies
spending millions annually on
powering generators.
Majority of start-up
companies experience power
outages at least 30 times
every month (Akinpelu,
2019).
Lack of good road network in
some areas also makes it
difficult for the movement of
goods/services. More so, the
issue of poor broadband
networks services makes it
almost impossible for these
companies to operate
seamlessly.
These challenges have
crumbled some start-ups even
before they began to soar and
have stunted the growth of
some others.
Lack for government
support
There are no government
policy strategies that
encourage the establishment of
innovation hubs and the
development of established
ones. The Nigerian government
has taken a laid back approach
to the development and
encouragement of start-up
tech companies.
15. For example, the government
of Nigeria recently placed
unfavourable regulatory
policies on cryptocurrencies
activities.
Access to Financing
Despite the increase in funding
experienced by start-up tech
companies in the past few
years, the issue of attracting
financing through investment
and access to credit still plays a
role in limiting the ability of
start-ups to grow.
Especially in their early
stages, it is almost impossible
for founders to have access to
funding. Bank loans come
with very high interest rates
and are very difficult to get.
Most of the funding received
by tech companies in the
recent past was by already
established start-ups.
However, research suggests, a
large percentage of Africans
still view tech as having
negative effects on their
cultural values.
There still exists the belief
that some of the new techs
are not congenial with the
culture of the people and it is
contributing to the gradual
death of cultural values
(Abanyam, 2013). Regardless
of the fact that these tech
companies are set up to tackle
some of the imminent socio
economic problems in the
country, some indigenes stand
on the fact that they promote
crime ( e.g. online scamming)
and so many other illicit
behaviours.
Social Cultural Challenges
Unarguably, positive changes
have occurred as it relates to
the attitudes of consumers
towards growing tech in the
country. People are presently
more welcoming of new tech
ideas and are willing to plunge
into the growing tides of
globalization.
16. C
O
N
C
L
U
S
I
O
N
Given the aforementioned, Nigeria is a fertile
ground for investment in start-up tech and
shows even more promising future in the years
ahead, however, the challenges highlighted have
to be taken into consideration prior to starting
up. To avoid experiencing major setbacks and
short-lived success of any Nigerian based start-
up tech company, major structuring and
strategies have to be put in place, in relation to
the challenges highlighted in this report.
17. ESTHER OLADIMEJI
Is a seasoned Researcher with experiences in content
writing, Gender, Women's Rights and International
Development.
Author