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Demo Africa ‘to support’ 40 winning tech start-ups

Demo Africa ‘to support’ 40 winning tech start-ups
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Harry Hare, Executive Director of Demo Africa today promised to provide guidance to 40 start-ups that have qualified to launch their products on the DEMO Africa platform billed to hold September, this year in Nigeria.

According to DEMO Africa, the 40 successful entrepreneurs announced today will present their plans to a global audience of investors, media, strategic buyers, C-level executives and other entrepreneurs, at the Lagos event billed to hold September 25 & 26, this year.

DEMO Africa, a partnership between CIO East Africa and IDG Enterprise, is one of the flagship initiatives of LIONS@frica that aims to connect African startups to the global ecosystem.

According to the promoters of the initiative, DEMO Africa will be 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.

According to the names released today, in Lagos, Nigeria topped the list with a total of 14 start-ups qualifying followed by Kenya, Ghana and Egypt.

”We want to be our brothers’ keepers by helping them look into their business modules and giving them idea of how they can make it better in future”  Hare told Technology Times in an exclusive interview on the sidelines of the announcement in Lagos.

Beyond identifying these developers, Demo Africa will bring investors both locally and internationally during the two-day event so that the young entrepreneurs will showcase their product to these investors and “prove they have something investors can put their funds into”, he added.

Under the plan, Demo Africa will organise a pre-launch training and mentorship  programme in a bid to instill confidence in them and to prove to investors that they are capable of conquering the world, Hare said noting that, ”the selected 40 start-ups will have a chance to launch their products to an ecosystem of VCs, investors, tech acquisition specialists, IT buyers and media from across the region and around the globe.”

He said his organisation has realized the huge potential of the software industry in Africa and hopes to launch more entrepreneurs in the nearest future by putting in place a set of initiatives that will assist and encourage tech start-ups.

”We had really amazing entries this year but unfortunately the DEMO Africa team can only accommodate 40 for now. The high number of entries is inspiring. It only shows that entrepreneurs have risen above the fear of venturing into new waters to create new products. This in itself shows that confidence levels in African-made solutions are steadily rising. I am confident that we will get to levels where we can generate solutions that can be applied globally”, Hare added.

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Kolade Akinola Technology Journalist at Technology Times Mobile: + 234 (0) 807 401 6027

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