silicon savannah launch, scale & succeed€¦ · entrepreneur´s journey 14 3 esther mwikali....

E-MASTERCLASS

SILICON SAVANNAH – LAUNCH,

SCALE & SUCCEED

AUSSENWIRTSCHAFTSCENTER NAIROBI

June 4, 2020

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INTRO

„WHY AFRICA?!“

THE KENYAN

INNOVATION STORY

A TECH

ENTREPRENEUR´S

JOURNEY

HOW TO MAKE IT

HAPPEN?

2

WHAT‘S HAPPENING?

SUCCESSFUL

TOGETHER

„WHY AFRICA?!“

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1

EDITH PREDORF

Foto Credit: Getty Images

AFRICA – IT‘S ALL ABOUT MINERALS, RIGHT?

5Source: EY Attractiveness Report 2018

6Source: McKinsey „Rethinking the African

Business Opportuniy“

7Source: StartupBlink’s 2019 Global

Startup Ecosystem Rankings report

THE KENYAN INNOVATION STORY

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2

ERIC WAINAINA

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Foto Credit: Eric Wainaina

DIGITAL EVOLUTION

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Satellites

Mobile Devices

Fibre Optic Cable

Digital Vision

Digital Services

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Events

Start-Up

Ecosystem

Companies

Policies

Universities

R&D

Intermediary

Foto Credit: Company Websites

STAKEHOLDER MAP

ENTREPRENEURAL

SPIRIT & CULTURE

FOLLOW THE MONEY

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$429m RAISED IN CAPITAL IN 2019

77thGLOBAL INNOVATION RANKING

$1bnSIZE OF TECH ECOSYSTEM

250NUMBER OF STARTUPS

16mMOBILE INTERNET SUBSCRIBERS

CURRENT POCKETS OF INNOVATORS

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Agriculture

Mobility & Logistics

Renewable

EdTech

4th Industrial

Revolution

Fintech

Healthcare

Gaming &

Entertainment

A TECH ENTREPRENEUR´S JOURNEY

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3

ESTHER MWIKALI

An entrepreneur’s club connecting people, ideas, and resources.

The word Metta comes from an Asian language (pali) used by the Buddhist community meaning a meeting of like-minded individuals. It is on this basis, why we do what we do, connecting!

Our mission is to drive meaningful connections through introductions, collaborations and a strong community.

Metta is a catalyst for meaningful collaboration and the furthering of ideas, Metta is the first concept of its kind in the world.

What is Metta?

Give thanks to the Trailblazers who made our country into Silicon

Savannah - Mpesa, Ihub, Cellulant, Twiga Foods, Africa’s Talking etc

High rates of unemployment also sparked innovation. The Kenyan culture

and spirit is more entrepreneurial than other nationalities in the

continent. Hence the famous term Kenyan “hustlers”

Tech Scene in Kenya

The great parts …

Compared to 10 years ago when we replicated the West in innovation and also a lot of money was available then for this. But some of these startups didn’t survive e.g Savvy Rider & Kibo. A lot of good sense companies are churning out now - meaning, startups that are creating solutions that we as Kenya need to now. E.g SafeBoda, Little, Swvl

Kenya has always won and been innovative in manufacturing. Most of our indigenous and oldest companies are from the FMCG & Manufacturing scene. As we have been designing and manufacturing products from here and for us. Hence a lot of intersectionality of industries and innovation from Agriculture, Supply Chain. E.g Sokowatch, LoriSystems, Hello Tractor, Anona

The great parts …

Great to see corporates and governments looking into startups to solve

their inefficiencies other than reinventing the wheel through POCs and

programs. E.g KIEP, Barclays, Visa, Merck - acquired ConnectMed. Also to

note that the recent ICT Advisory set up as a response for COVID-19,

majority of them were active players in the entrepreneurial scene.

COVID has created a tech gateway to solve problems. E.g EdTech scene,

Gumzo etc

The great parts …

1. Capital isn’t distributed evenly. Funding gap

2. Need to train users and market on products

3. Government risks creating a not-so-conducive environment with

digital tax, hence the need to harmonize and hopefully a StartUp Act

could come into place.

The NotSo great parts …

Esther Mwikali

General Manager, Nest Group Africa (Mettā)

Email : esther@metta.co

Get in touch with me further:

HOW TO MAKE IT HAPPEN?

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4

ERIK HERSMAN

SUCCESSFUL TOGETHER

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5

ERIC WAINAINA

OUR – no! YOUR GLOBAL NETWORK

AUSSENWIRTSCHAFT AUSTRIA

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THE INTERNATIONALISATION AGENCY FOR THE AUSTRIAN ECONOMY

IM DIALOG MIT DER AUSSENWIRTSCHAFT AUSTRIA

AUSTRIA IST ÜBERALL

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TWITTER@wko_aw

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INSTAGRAMaussenwirtschaft_austria.at

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EDITH PREDORF & ERIC WAINAINA

AUSSENWIRTSCHAFTSCENTER NAIROBI

T +254 20 776 2390

E nairobi@wko.at

W wko.at/aussenwirtschaft/ke

www.linkedin.com/in/edith-predorf