The document summarizes key information from the Global Entrepreneurship Summit (GES) 2015 in Nairobi, Kenya. Over 120 countries were represented with 1000 participants at the first GES in 2010. President Obama announced over $1 billion in new resources to support entrepreneurship in sub-Saharan Africa, focusing on youth, women, small/medium enterprises, and social enterprises. The GES 2015 program in Kenya focused on youth and women entrepreneurs through workshops and competitions. Kenya was highlighted as an emerging market country with incentives for startups and small businesses. Significant investments were also announced to support entrepreneurship and women entrepreneurs in developing markets.
4. President Obama announced new resources
to advance entrepreneurship in sub-Saharan Africa:
>$1 bln from banks, philanthropists, foundations
and the US Government to:
• youth
• women
• SME
• early stage companies
• social entreprises
5. 24 July, Youth and Women Day
25-26 July, GES 2015
Youth and Women Day
6. Youth and Women Day
Delegates from 120 countries - 300 people:
young companies/startups
young female entrepreneurs
female managers
Workshops
Idea Labs
Spark the Fire Pitch Competition
10. GES 2015, Kenya
Average Salary in Kenya
$800-1400
E-gov: for citizens and non-citizens
SME’s provide 78% of country’s employment
more than 90% of new jobs
Among 8 New Emerging Countries
11. Incentives in Kenya
Finance:
Banks, simplified access to loans
for young entrepreneurs and women
low or no %
Knowledge:
Mentorship programs
cross-border
Internationality:
Openness for newcomers
and businesses
16. Developing Markets
Nicola D’Elia, Regional Manager for
Africa and Middle East at Airbnb
(previously worked for Facebook)
Jumbu Palaniappan, Regional Manager
for Eastern Europe, Middle East and
Africa at Uber
Chris Garcia, founder and CEO of LA
based startup TapEx
Workshop on Sharing Economy
and Emerging Markets
17. Developing Markets
Workshop on Sharing Economy
and Emerging Markets
Challenges on developing markets:
In may launched in Cuba
only 5% of population has Internet
Solution: work with existing infrastructure
Will the same business model
work on developing markets?
150% test on the ground
Solution: adapt to local infrastructure
Local team is the core
Balance in the
global company
Localisation is
crucial
18. Developing Markets
Focus on your unique proposition,
instead of copying what could work in Silicon Valley,
because it won’t.
20. Investments
The Overseas Private Investment Corporation (OPIC) will support up
to $200 million for Equity Bank Group lending of $450 million
OPIC announced the Portfolio for Impact program, a two year, $50 million
pilot program that will support smaller earlier stage companies that
generate positive social impact.
The Department of State’s successful Global Innovation through Science
and Technology (GIST) initiative will launch Africa-focused GIST
TechConnect, GIST Startup Boot Camps, and GIST STEM Women’s
Village Workshops
Village Capital is announcing $13.2 million to supporting entrepreneurs
at the critical seed-funding stage who are solving major problems in society.
The Global Entrepreneurship Network (GEN) is launching GEN Kenya
and commits $100 million for programs to support entrepreneurs and the
development of their local ecosystems.
EBAN announced its partnership with ABAN (African Business Angels Network)
to work on syndicated investment
23. Investments
Workshop «What Attracts Venture Capital»
Grow the upstream - early investors
The structure of investment is also crucial for
future results
In SV: Why the idea is going to succeed
Elsewhere: Why the idea going to fail
Fear of failure
Passion, not pride
If you join the rat race, at the end of the game,
even if you win, you’re still a rat
24. Investments
Workshop «Angel Investing and Crowdfunding»
Don’t look for investor, look for partner
It’s a 10 year old marriage and it’s always more than money
If there is no follow-on investment, angels should provide it
themselves
What angel investors are looking for?
• Do your homework
• Know your numbers
• Show up sharp
• Show the case
• Don’t say you don’t have competitors-
investors won’t believe you
• After you receive money - don’t
ignore angels, send them updates,
it’s only the beginning
26. Women Entrepreneurship
9,5% founders-women
3% of venture funding
Women own 10.6 mln business
in the US
Women make 85% of
entrepreneurs in Africa
Every 4th angel investor in the US
is a woman
27. Women Entrepreneurship
Incentives for development
Banks providing simplified access
to initial business loans + financial
consultancy
Women-led venture capital firms
backing companies founded
by women
Mentorship programs for women
from women
Challenges
Lack of government support
Lack of funding
Lack of self-reliance
28. Women Entrepreneurship
Rise the Tide Venture Fund
Dream Builder
dreambuilder.com
GoGlobal236
Useful sources
educating women-
investors
educating women-
entrepreneurs
29. GES 2015
Growth of Emerging markets
Trending Women Entrepreneurship
Promoting opportunities on developing markets