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seedstarsworld*
@marcelloscherme @gregpeps
LEAPFROGGING AS
AN INNOVATION PATTERN:
HOW AFRICAN ENTREPRENEURS
ARE TAKING THE FAST TRACK
Marcello Schermer
marcello@seedstarsworld.com
@marcelloscherme
Gregory Pepper
gregory@seedstarsworld.com
@gregpeps
WHO DO WE HAVE IN THE ROOM?
WHAT ARE YOUR EXPECTATIONS?
1) WHAT IS SSW?
2) BUSTING MYTHS
3) THE NUMBERS
4) STEP IN THE SHOES OF AN
ENTREPRENEUR
WHAT IS
SEEDSTARS WORLD?
SEED STARS WORLD
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
INVEST
CONNECT
PROMOTE
INVEST
$500k = Global Winner
$500k = Best Travel Startup
CONNECT
500+ partners
300+ investors
50+ countries
PROMOTE
Globally
400+ articles
50+ countries
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
BUSTING MYTHS:
WHAT DO YOU KNOW
ABOUT AFRICA?
Classify these countries from largest to smallest
population:
A. South Africa
B. Kenya
C. Nigeria
D.Ethiopia
Classify these countries from largest to smallest
population:
A. Nigeria (183mio)
B. Ethiopia (99mio)
C. South Africa (55mio)
D.Kenya (45mio)
The real size of Africa
Africa Population today (2016):
1.2 billion
Africa Population 2025:
1.5 billion
Africa Population 2050:
2.5 billion
What is the median age of Africa?
A. 12.8
B. 19.5
C. 23.2
D.32.3
What is the median age of Africa?
A. 12.8
B. 19.5
C. 23.2
D.32.3
What is the median age of Africa?
A. 12.8
B. 19.5
C. 23.2
D.32.3
E. Europe = 41.9
What is the mobile phone penetration in Africa?
A. 21%?
B. 34%?
C. 47%?
D.65%?
What is the mobile phone penetration in Africa?
A. 21%?
B. 34%?
C. 47%?
D.65%?
What is the mobile phone penetration in Africa?
A. 21%?
B. 34%?
C. 47%?
D.65%?
E. USA = 103%
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
What is the bandwidth capacity growth rate in Africa
(between 2011-2015)?
A. 27%?
B. 39%?
C. 42%?
D.51%?
What is the bandwidth capacity growth rate in Africa
(between 2011-2015)?
A. 27%?
B. 39%?
C. 42%?
D.51%?
How many hours per day do South Africans spend on
social media on average?
A. 1
B. 2
C. 3
D.4
How many hours per day do South Africans spend on
social media on average?
A. 1
B. 2
C. 3
D.4
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
What percentage of the Kenyan GDP flows through
mobile phones?
A. 13%?
B. 29%?
C. 42%?
D.67%?
What percentage of the Kenyan GDP flows through
mobile phones?
A. 13%?
B. 29%?
C. 42%?
D.67%?
Source: http://www.gsma.com
Sources: United Nations, World Bank, Internet World Stats, eMarketer, Statista
WHAT DO ALL
THESE NUMBERS
MEAN TO YOU?
ENTREPRENEURSHIP
IN AFRICA
THE NUMBERS
The funding landscape
The funding landscape
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
The funding landscape
TRENDS
FROM NO TECH TO HIGH TECH
ENABLING VS REPLACING PEOPLE
GROWING MIDDLE CLASS
WHAT MAKES INNOVATION
IN AFRICA UNIQUE?
Tools
46
Solar SMS USSD IoT
Case Studies
47
Counterfeit
Medication
Mobile Phone
Charging
Findinga Job Better Farming
COUNTERFEIT
MEDICATION
COUNTERFEIT
MEDICATION
HOW WOULD YOU
SOLVE THIS?
MPEDIGREE
GHANA
Case Studies
52
Counterfeit
Medication
Mobile Phone
Charging
Findinga Job Better Farming
MOBILE PHONE
CHARGING
HOW WOULD YOU
SOLVE THIS?
Case Studies
56
Counterfeit
Medication
Mobile Phone
Charging
Findinga Job Better Farming
LOOKING FOR
JOBS
HOW WOULD YOU
SOLVE THIS?
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
Case Studies
60
Counterfeit
Medication
Mobile Phone
Charging
Findinga Job Better Farming
BETTER
FARMING
HOW WOULD YOU
SOLVE THIS?
EMPOWERING
FARMERS
WHAT DID YOU
TAKE AWAY?
Innovation made in Africa
Global Problem
Local Solution
Global
Awareness
Sweet Spot
AFRICAN	ENTREPRENEURS	CAN	LEVERAGE
THE	BEST	TECHNOLOGIES	&	KNOWLEDGE
TO	SOLVE	GLOBAL	PROBLEMS
THAT	THE	REST	OF	THE	WORLD
IS	NOT	EVEN	AWARE	OF.
Q & A
THANK YOU!

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Leapfrogging as an innovation pattern