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.

2. 120 countries
1000 participants
first GES in Washington DC, 2010
Turkey, UAE, Malaysia, Marocco, Kenya
next GES in Colombia

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

7. Youth and Women Day

8. GES 2015

9. GES 2015, Kenya

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

12. Kenya Leadership
President Kenyatta voted the best Africa’s president 2014/20

13. GES 2015
InvestmentsDeveloping
markets
Women
Entrepreneurship

14. Developing Markets
more opportunities
simpler processes
little competition

15. Developing Markets
Major players start entering markets
Blown with Investment

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.

19. Investments
>$1 bln
to Africa

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

21. Investments
Workshop «What Attracts Venture Capital»
SV Bank
Mara Group
Presidio Partners
Village Capital
Kuramo Capital

22. Investments
Challenges in developing markets
lack of early investors - angels
as a result - less companies can
get to the next round - VC

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

25. Women Entrepreneurship

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

30. Regina Makhotina
Executive Director
UAngel
r.makhotina@uangel.com.ua
uangel.com.ua