- Real startups are being created in Africa
- Sub-Saharan Africa is set to grow by 5% in 2013
- Africa has about 15% of the world's population
- DEMO Africa Alumni have raised over US$ 8 million in just a year
Sub-Saharan Africa is set to grow by 5% in 2013. As Africa’s population becomes increasingly educated and affluent, the global business community is looking to capitalize on this increase in human and financial resources. There appears to be a new optimism for future economic prospects for Africa and hence a fresh interest in the technology sector, as highlighted by Intel Capital’s recent move: The potential for growth in the technology value chain is material, given Africa has about 15% of the world’s population, but only about 2% personal computer users. The reason [we] invest in technological innovation is because, in the long run, it is beneficial if a country has a vibrant technology ecosystem.
Real startups are being created in Africa, developing real-world solutions, worthy of investment and global attention. In recognition of Africa’s economic emergence, the U.S. Department of State, in collaboration with Microsoft, DEMO, USAID, and Startup Weekend, is launching the Liberalizing Innovation Opportunity Nations (LIONS@FRICA) Partnership, a new public-private alliance to enhance and deepen the startup and innovation ecosystems of targeted fast- growing African economies.
DEMO Africa is one of the flagship initiatives of LIONS@frica and aims to connect African startups to the global ecosystem. DEMO Africa is the place where the most innovative companies from African countries come to launch their products and announce to Africa and the world what they have developed. The GIST Startup Boot Camp Senegal (and potentially other African nations) will serve as an initial capacity-building effort to identify, vet, and train promising technology-based startups.
As the base of the LIONS@FRICA partnership, GIST will create a pipeline to inject the best ventures into the DEMO Africa and prepare entrepreneurs to maximize the benefit of the DEMO process. DEMO Africa will showcase products across five core categories including consumer electronics/applications, cloud computing solutions, mobile technology, social media and enterprise systems. DEMO will discover hard-to-define products that represent new categories and trends. DEMO Africa will also provide scholarships for young startups to deliver Alpha Pitches on stage typically these are pre-revenue student startups.
In just one year of running, the DEMO African alumni have generated over $8 million over the past 10 months in either investment, business or partnerships from the unique mix of positioning, opportunity (networking, fundraising), training and exposure that our launch pad offers.
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You may contact us for more information through the contacts below:
For General Information and Partnerships
Executive Producer, DEMO Africa
Office:+254 20 4041646
Mobile:+254 725 650044
For Sponsorships and partnerships:
Office:+254 20 4041646
The number of attendees to DEMO Africa 2012
The number of DEMOLions on tour to the Silicon Valley
The number of minutes a demonstrator has to launch a product
The number of products to be launched at DEMO Africa