The role of mentorship (it takes a village to raise an entrepreneur)
Entrepreneurship (and entrepreneurship education) has long been lauded as a solution to economic marginalization – a way to get disenfranchised young people in particular into the economy.
African continent is rich in diversity – in language, culture, and perspectives – which has fostered innovation and creativity across a broad spectrum of categories – TechCrunch
This modern-day scramble for Africa also has nothing to do with the colonization of African territory by European powers between 1881 and 1914 but is rather about the hunt for the Next Big Thing. From Cairo to Kigali, Cape Town to Lagos, Nairobi to Accra and Kampala to Dakar, tech hubs are rising faster than the cities that contain them. – Forbes Africa
According to CEO Sundar Pichai, Google is committed to supporting African entrepreneurs; Google announced the Google Developers Launchpad Africa, a new hands-on comprehensive mentorship program tailored exclusively to startups based in Africa, which will provide African startups with over $3-million in equity-free support.
Several incubators are currently springing up across Africa hosting accelerator as well as incubation programs, these two terms often overlap.
When it comes to funding, we are now talking about Angel Investing, Seed Capital, as well as Private Equity Firms, Focusing mainly on SMEs segment.