Leapfrogging as an innovation pattern

seedstarsworld *

@marcelloscherme @gregpeps

LEAPFROGGING AS AN INNOVATION PATTERN:

HOW AFRICAN ENTREPRENEURS ARE TAKING THE FAST TRACK

Marcello Schermer

marcello@seedstarsworld.com

@marcelloscherme

Gregory Pepper

gregory@seedstarsworld.com

@gregpeps

WHO DO WE HAVE IN THE ROOM?

WHAT ARE YOUR EXPECTATIONS?

1) WHAT IS SSW?

2) BUSTING MYTHS

3) THE NUMBERS

4) STEP IN THE SHOES OF AN ENTREPRENEUR

WHAT IS SEEDSTARS WORLD?

SEED STARS WORLD

2015 Itinerary

7

Abidjan, Accra, Addis Ababa, Cape Town, Dakar, Dar Es

Salaam, Gaborone, Kampala, Kigali, Lagos, Luanda, Maputo,

Nairobi

`LATAM9 regional events

CEE & MENA15 regional events

Africa13 regional events

Asia & Oceania16 regional events

Bogota, Buenos Aires, Lima, Mexico City, Montevideo,

Panama, Quito, Santiago, Sao Paulo

Alger, Amman, Baku, Beirut, Belgrade, Cairo, Casablanca,

Dubai, Istanbul, Kiev, Moscow, Ramallah, Sofia, Tehran,

Yerevan

Bangalore, Bangkok, Dhaka, Ho Chi Minh, HK, Islamabad, Jakarta,

Kuala Lumpur, Manila, Naypyidaw, Seoul, Shanghai,

Singapore, Sydney, Taipei, Tokyo

50+cities &events

4 regional teamsontheground

INVESTCONNECTPROMOTE

INVEST$500k = Global Winner $500k = Best Travel Startup

CONNECT500+ partners300+ investors50+ countries

PROMOTEGlobally400+ articles50+ countries

Seedstars Summit in Lausanne

12

#01MEDIA COVERAGE

80+ journalists from all over the world come discover emerging

market startups………………………………………...

CONNECTING THE DOTS1000+ attendance from 50+

countriesjoined the Final Event in 2015

………………………………………...

1000+ innovators

250+articles

50+ local winners

100+investors

BOOTCAMP50+ entrepreneurs follow a 4 day bootcamp to improve their pitch &

learn new skills………………………………………...

NETWORKING100+ investors & corporates

connected with top tech startups

………………………………………...

#02 #03 #04

BUSTING MYTHS:WHAT DO YOU KNOW

ABOUT AFRICA?

Classify these countries from largest to smallest population:

A. South AfricaB. KenyaC. NigeriaD. Ethiopia

Classify these countries from largest to smallest population:

A. Nigeria (183mio)B. Ethiopia (99mio)C. South Africa (55mio)D. Kenya (45mio)

The real size of Africa

Africa Population today (2016):1.2 billion

Africa Population 2025:1.5 billion

Africa Population 2050:2.5 billion

What is the median age of Africa?

A. 12.8B. 19.5C. 23.2D. 32.3

What is the median age of Africa?

A. 12.8B. 19.5C. 23.2D. 32.3

What is the median age of Africa?

A. 12.8B. 19.5C. 23.2D. 32.3E. Europe = 41.9

What is the mobile phone penetration in Africa?

A. 21%?B. 34%?C. 47%?D. 65%?

What is the mobile phone penetration in Africa?

A. 21%?B. 34%?C. 47%?D. 65%?

What is the mobile phone penetration in Africa?

A. 21%?B. 34%?C. 47%?D. 65%?E. USA = 103%

2014 2015

China India

United States China

Japan Indonesia

Brazil South Africa

United Kingdom Brazil

Germany Pakistan

India Nigeria

South Korea Egypt

Russia Vietnam

Italy Bangladesh

TOP 10 SMARTPHONE MARKETS FOR GROWTHBY VALUE

What is the bandwidth capacity growth rate in Africa (between 2011-2015)?

A. 27%?B. 39%?C. 42%?D. 51%?

What is the bandwidth capacity growth rate in Africa (between 2011-2015)?

A. 27%?B. 39%?C. 42%?D. 51%?

How many hours per day do South Africans spend on social media on average?

A. 1B. 2C. 3D. 4

How many hours per day do South Africans spend on social media on average?

A. 1B. 2C. 3D. 4

How many hours per day do South Africans spend on social media on average?

A. 1B. 2C. 3D. 4E. USA = 2

What percentage of the Kenyan GDP flows through mobile phones?

A. 13%?B. 29%?C. 42%?D. 67%?

What percentage of the Kenyan GDP flows through mobile phones?

A. 13%?B. 29%?C. 42%?D. 67%?

Source: http://www.gsma.com

Sources: United Nations, World Bank, Internet World Stats, eMarketer, Statista

WHAT DO ALLTHESE NUMBERSMEAN TO YOU?

ENTREPRENEURSHIPIN AFRICA

THE NUMBERS

The funding landscape

The funding landscape

The funding landscape

SOUTH AFRICAAve Deal Size:$500k - $1,2millMain Sector: Fintech

TANZANIAAve Deal Size:$107k Off Grid Electric 98% fundsMain Sector: SolarNIGERIA

Ave Deal Size:$1,6millMain Sectors: Fintech & eCommerce

GHANAAve Deal Size:$218k Main Sector:Fintech

KENYAAve Deal Size:$940k - $2,6mill(with M-KOPA)Main Sector: Solar

EGYPTAve Deal Size:$950k Main Sector: eCommerce

The funding landscape

TRENDS

FROM NO TECH TO HIGH TECH

ENABLING VS REPLACING PEOPLE

GROWING MIDDLE CLASS

WHAT MAKES INNOVATIONIN AFRICA UNIQUE?

Tools

46

Solar SMS USSD IoT

Case Studies

47

CounterfeitMedication

Mobile Phone Charging

Finding a Job Better Farming

COUNTERFEITMEDICATION

COUNTERFEITMEDICATION

HOW WOULD YOUSOLVE THIS?

MPEDIGREEGHANA

Case Studies

52

CounterfeitMedication

Mobile Phone Charging

Finding a Job Better Farming

MOBILE PHONECHARGING

HOW WOULD YOUSOLVE THIS?

Case Studies

56

CounterfeitMedication

Mobile Phone Charging

Finding a Job Better Farming

LOOKING FORJOBS

HOW WOULD YOUSOLVE THIS?

Confidential

Giraffeenablesbusinessestogettherightstaffwithin48hours,atverylowcost

Jobseeker Employer

JobseekercreatesCVbySMSing 34345

Employerlogsstaffrequestonline

Matchbestcandidates

CandidatesreceiveSMSandreplyifinterested

CandidatesarriveforinterviewSchedule

interview

CVstoredin

database

34345

59

Case Studies

60

CounterfeitMedication

Mobile Phone Charging

Finding a Job Better Farming

BETTERFARMING

HOW WOULD YOUSOLVE THIS?

EMPOWERINGFARMERS

WHAT DID YOUTAKE AWAY?

Innovation made in Africa

Global Problem

Local Solution

Global Awareness

Sweet Spot

AFRICANENTREPRENEURSCANLEVERAGETHEBESTTECHNOLOGIES&KNOWLEDGETOSOLVEGLOBALPROBLEMSTHATTHERESTOFTHEWORLDISNOTEVENAWAREOF.

Q & A

THANK YOU!