Tech Ideas Funding Challenge, some heavy venture capitalists want to see what you’ve got

October 11, 2010 — 3 Comments

The Kenyan technology and new media sector is buzzing. In Kenya, over 80% of citizens have access to a mobile phone and internet connectivity is expanding across the country. Solutions like mPesa have revolutionized the day-to-day life of Kenyans bringing financial services to anyone with a mobile phone. With the increasing use of technology for business and lifestyle comes the opportunity to build vibrant businesses to deliver technology solutions that will capitalize on the expanding demand for mobile and internet services.

Technology entrepreneurs are seizing the opportunity and are ready to develop their ideas and launch their products in the Kenyan and global market. But for many ‘techpreneurs’, finding the funding to grow sometimes risky and complicated technology-based companies has been a difficult–until now.

On October 18, eight companies will pitch their ideas to a panel of Venture Capitalists. In front of a live audience, each company will have 20 minutes to pursued the VC panel that their company is worth investing in.

The audience, made up of founders of tech start-ups, aspiring IT entrepreneurs, students and people interested in IT and new media will take home valuable lessons as they watch VCs negotiate for a stake in some of Kenya’s hottest tech start-ups.The VC Panel

Fanisi Venture Capital Fund
Fanisi Venture Capital Fund is a venture capital fund established in Luxembourg to work with competitive and sustainable East African businesses, whose ambitions are to grow and run their operations to global best practice standards. They invest in  high growth businesses, including start ups and early stage companies, and are committed to working with East African entrepreneurs to build world class businesses with significant development impact on the economies in the region.

Investment range: USD 0.5 million – USD 3 million
Investor stake: equity
Fee: n/a
Web: www.fanisi.com

Africa Media Venture Fund
Africa Media Ventures Fund mobilizes capital and experience in the Netherlands to invest in entrepreneurs in the media sector and small and medium sized African media companies. They offer a combination of venture capital and business development support, involving knowledge, experience, access to proven business concepts/applications and network.

Investment range: EUR 15,000 – EUR 100,000
Investor stake: minor equity, seat on board

Fee: n/a
Web: www.amvf.nl

eVA Fund
eVA Fund is dedicated to mobilize capital and experience in the Netherlands/Europe to invest in small and medium sized African internet related companies. eVA Fund focusses on development in terms of capital and business development support, i.e. knowledge, experience, access to proven business concepts/applications, and network.

Investement range: EUR 25,000 – EUR 250,000
Investor stake:
Fee:
Web: www.eva-fund.com

Open Capital Fund
Open Capital Advisors is a financial intermediary focused on increasing investment in small and medium enterprises (SMEs) in East Africa. They provide advisory and brokerage services required by SMEs and investors, thereby enabling SMEs to access capital and achieve growth, innovation and social impact

Investment range: USD 200,000 – USD 2,000,000
Investor stake: equity, quasi-equity (i.e. straight debt with revenue participation), or debt financing from a non-bank investor(s)
Fee: based on success and charged as a percentage of capital raised and only payable when clients receive financing
Web: www.opencapitaladvisors.com

Aureos Capital
Aureos is a specialist emerging market private equity firm, providing growth capital and expertise to help build the next generation of sustainable businesses. Returns are maximised and risk mitigated by focusing on earnings growth and operational efficiency..

Investment range:
Investor stake: equity
Fee: n/a
Web: www.aureos.com

Mbugua Njihia

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An Africa based entrepreneur in the pursuit of opportunities without regard to resources currently controlled striving to build services that have real-world value for my beloved continent and beyond while having fun along the way.