A special DealZone where investors and entrepreneurs can have investment discussions and close deals has been introduced for DEMO Africa 2016, organisers of the event have said.
DEMO Africa now in its fifth year is one of the flagship initiatives of LIONS@frica to connect African startups to the global tech ecosystem.
The event scheduled to hold August 22-26 in Johannesburg, South Africa will feature the newly-introduced DealZone, which organisers say will encourage signing of deals among the top investors and entrepreneurs expected at the DEMO Africa 2016′
“We hope to see deals being signed at the event. It will be good to see some deals being made on the floor of the event. We have created a special area, which we call the “DealZone”, according to a statement by the organisers.
Top African investors and entrepreneurs have confirmed their attendance to share some insights around business growth and development of entrepreneurial skills, according to LIONS@frica, organisers of the tech show.
The event will incorporate series of events, which include an entrepreneur bootcamp and a series of master-classes which will be hosted in collaboration with the City of Johannesburg, the South African Department of Science and Technology (DST) and the LIONS@FRICA partners.
According to organisers, “DEMO Africa is the place where the most innovative companies from African countries get a platform to launch their products and announce to Africa and the world what they have developed.”
The initiative has hosted 150 startups in the past four years raising more than $14 million in both investment and business value, according to the initiators.
It has also made such an impact in the last 4 years, which has seen one of the startups launched in 2014 raise more than $2 million and employed more than 150 people.
DEMO Africa 2016 saw over 700 technology startups from 27 African countries apply to launch at the event. They were then narrowed down to 30 start-ups with South Africa having the highest representation of up to 11 startups followed by Nigeria 6, Kenya 5 and Ghana 3.
For the first time Morocco will have a representative in the continental fair. Other countries include Egypt, Tanzania, Uganda, and Rwanda.
The 30 finalist startups have products in 11 verticals including logistics, retail, ecommerce, education, banking and finance, media, renewable energy, health and agriculture. Banking and financial technologies had the highest number of entries followed by media, e-commerce and education.
Some of the speakers who will also provide feedback to the launching startups include: Arthur Goldstuck, Journalist & Researcher, World Wide WorxArthur, Lexi Novitske, Principal Investment Officer Africa Singularity Investments, Llew Claasen, Executive Director Bitcoin Foundation & Venture Capitalist and Eric Osiakwan a tech Entrepreneur and Angel investor with 15 years of ICT industry leadership across Africa and the world.