Its time for X Africa

by Ovidiu Bujorean Senior Program Manager CRDF Global

WHY AfricaX?
Africa the worlds fastest growing continent:

6 of the worlds fastest 10 fastest economies (Economist)

40% of the population are young adults (AfDB)

Africa equity funds expand nearly

fivefold in last 6 years (Reuters)

5 % growth expected in 2013 (IMF)

100< business incubators, hacker spaces & tech hubs exist in Africa

WHY AfricaXMeet Joseph Ajao of Nigeria.

Mission: To eradicate poverty using education Solution: GloballyEducated Worked at: Google, Goldman Sachs, Rocket Internet Represented: Nigeria in 6 continents at Business and Technology competitions and conferences Employs: 8 people Taught: 196,000 students in 546 classes
Joseph Ajao Founder of GloballyEducated Nigeria

X WHY Africa ? Joseph is not alone. African entrepreneurs in action.

Seth Akumani Founder of Claimsync Ghana Claimsync software to improve healthcare in Africa

Lorna Rutto Founder of EcoPost Kenya Created 300 jobs and generated $120,000 by providing access to employment to the most marginalized

Ndubisi Ekekwe Founder of AFRIT Nigeria AFRIT facilitates the diffusion of emerging technologies into African economies

WHAT is Africa Empower from within

Catalyze sustainable growth through the power of technology By nurturing the next generation of entrepreneurs and giving them tools to succeed.

Kenya

Senegal

Rwanda
Uganda

Nigeria
Tanzania

Ghana

WHAT is AfricaX Empower from within

Culture - TechConnect Connectivity - Mentor network Capacity - Boot camps - Angel Days - Accelerator group - Angel Network - Media - Seed Funding - TechChallenge

- U.S. Journey

- Online Education
Boot Camp: 2 days of training & mentorship to assess, determine feasibility of, and launch new businesses Angel Day: Networking event to discuss best investment practices Government Roundtable: Engages policy makers to discuss changes that can help entrepreneurs succeed TechConnect: Interactive Global video conferences with high profile entrepreneurs U.S. Journey: Visit to major innovation and entrepreneurship hubs and networking opportunities TechChallenge: A competition to select the most promising tech entrepreneurs to accelerate their venture

CRDF Global: Experience to create Africa

Competitions More than 100 Go-To-Market plans Boot Camps 2 startup boot camps for 300 entrepreneurs Angel Development Launched Angel Investors group in Senegal TechConnect Engaged 5 countries

74 top CRDF Startups from AFRICA $4.5M+ in funding $1.3M+ in revenue 422 people currently employed 199 jobs created in past 12 months

3 Year of AfricaX Results

30 role models African entrepreneurs to inspire next generations 100 top entrepreneurs will raise jobs, raise capital, and generate revenue 14 local partners trained and empowered 200 mentors + 100 entrepreneurs in Glocal Mentorship 1,000 entrepreneurs trained & 300 people in a new Africa network 15,000 online viewers @ 9 TechConnects

120,000 entrepreneurs in Africa network

Why CRDF for AfricaX?

Startup Weekend 117K

994
entrepreneurs trained

165K+
in the GIST FB network

$3M
annual revenue by GIST Transformers

The GIST Initiative [a CRDF program] has trained startups and connected more than 80,000 young technology entrepreneurs... I look forward to expanding the impact of this public-private partnership. Hillary Rodham Clinton

$21M
funding raised by GIST Transformers

4
tech

competitions

827
jobs created in past 12 months by GIST Transformers

10 x Program Amount

AfricaX Enablers
SUPPORTING PARTNERS VETTED IMPLEMENTING AFRICAN PARTNERS EXPERIENCED MENTORS HIGH PROFILE GLOBAL ADVISORS ENTREPRENEURS EXPERIENCED Africa TEAM

225

1,500

Djiba Diallo Diao Develop at Microsoft

Nolan Bushnell Founder of Atari

Arnold Minde Founder of Safari Yetu

Natalia Pipia Associate Program Director

Peter Ulanga Chief Executive UCSAF

Jeff Hoffman Co-Founder of Priceline.com

Catherine Kiguru Founder of Ukall Limited

Ovidiu Bujorean Senior Program Manager

AfricaX: Action

Governments (involve local governments) Accelerators (enhance capabilities of accelerators)

Angel Groups (establish 7 angel groups)

Angel Tool Kit

Deal Flow
Competitions
Boot Camps Mentor Networks (community of 100 mentors)

Ecosystem Map

Mentor Tool Kit

AfricaX Transformers

Online Education
Train (10K entrepreneurs online) Mentor 200 transformers

Seed 30 companies

Join X Africa ! Empower Africa from within.

Questions?
Ovidiu Bujorean obujorean@crdfglobal.org