Africa is rising, purportedly. Significant investment in technology entrepreneurship as a driving force for socio-economic development is increasingly evident across the continent. Recently, we published an Africa Innovation Report, which provides an assessment of the ecosystem. There has been significant traction in the volume of startups and incubators in the continent, and significant interest from investors who have described Africa as this last frontier. We are still in the early stages and a lot still needs to be done by multiple stakeholders (private and public sector) to improve the productivity and results of the ecosystem.
My organization, HYBR, is a pan-African innovation advisory firm and growth platform for African impact scale-ups. We scale impact solutions by working with entrepreneurs, corporates, government, academia, non-profits, and investors. We are working with companies like Coca-Cola to source innovative solutions to eliminate plastic waste in Nigeria. We are working with the UK government and Matter Innovation on a program to stimulate the township economy in South Africa. We have a blended approach of using business, humanities, and technology. With entrepreneurs, we have a five-year venture support program to help find, build, invest in, and scale early-stage companies.
Since July 2017, our flagship program, the Young Enterprise Scale-Up (YES) Bootcamp, in partnership with THNK, has enabled over 150 ventures from Nigeria, Ghana, Kenya, South Africa, and Angola to design their businesses for scale. How do we drive inclusive and sustainable solutions at scale in various verticals such as food, education, healthcare, financial inclusion, and energy? This is what keeps us awake at night.