Category Archives: Telecom

Are you thinking of moving to Silicon Valley? Think again

Martin Varsavsky at IE Venture Day from Martin Varsavsky on Vimeo.

Martin Varsavsky at IE Venture Day. Is there a European startup culture? Putting tech entrepreneurship on the map in Europe and elsewhere.

Interview: Leslie Tita, the co-founder and brains behind Pulse.cm

Leslie Tita is Cameroonian designer who has great interest in web and print designs. He has 3 years of experience in the field and he was one of the first employees to join RINGO, a Cameroonian Internet Service Provider. Currently he is pursuing his studies in the US and works as a designer for the Cameroonian social network Camerborn. Leslie recently made waves in the African startup space when his project Pulse.cm was selected as a finalist at the MIT $100K YouPitch Entrepreneurship Competition. Up against some of the best and most creative minds in the world, Leslie once again shows African entrepreneurs are ready to take the world by storm.

Tell us about your project. How did it start and what is the idea behind it?

The Pulse project aims to build a low-cost online student services platform for African universities, professors and students. Pulse provides a service where any university can own and operate its own high-end online students network, without having to deploy any technical infrastructure, it will permit lecturers to communicate faster and cheaper to their students. Lastly it will enable students to reduce the cost related to getting information by giving them the possibility receive updates from their teachers and classmates through sms, web and email.

How did you get the ball rolling?

Well Pulse started as an idea to create a social network for the University of Buea. Then after telling ourselves “Please not another Facebook, we are better than that”- we came to discover that though Africans students communicated a lot on the social space most African universities haven’t been able to leverage that. So the idea was to build this new kind of online student service that would take advantage of the existing networks while being customized for each university. We are also basing operations essentially on the mobile experience which is definitely the way forward for digital communication in Africa.

What makes you different or unique? Key milestones?

We are not unique. We took a proven concept and brought it to a market that was unexplored by competitors. That is the reason the we specialise only in online student services focused to the huge African market. In the US, however, every university operates an online students service platform. Some are custom built while others are provided by Blackboard Inc. In Africa the high cost of acquiring such a service makes it difficult for all universities to have one. To this extent Pulse is definitely different, YES!

We believe that all students want to communicate with their educators and that they want to do it outside of class and in a cool way. But not all universities have the technical know how to build a custom online students service, or may consider it too expensive to own one, this is where we come in. Pulse gives each university that low cost private space it needs to operate, and of course adding that social feel so students find it cool and easy to use to ensure the platform doesn’t feel like a burden. As for the milestones, the first was gathering the ideal team to work together on this project. That has been done.

Next we expect:

- start a partnership with the university of Buea
- to roll our pilot program
- follow up with a partnership with ISTDI by the end of the year

Tell us about your experience with the MIT competition?

MIT100k entrepreneurship competition was a really thrilling experience because getting to measure yourself against ivy league colleges such as Harvard, MIT or John Hopkins is definitely something you don’t forget. We were to submit a 60 sec video pitch of our project and have the public vote on it on either facebook and/or youtube.

What is Pulse ? from pulse on Vimeo.

Some people still question if African entrepreneurs are ready to compete globally. You are an example that proves otherwise. How did Pulse do?

Things got interesting because we entered this competition with a considerable disadvantage i.e. the voting was online. One week to the closing of the competition the other entrants had about 300 Facebook likes and by the middle of the week we already had over 500. In the end we totaled over 1000 votes and placed second in the competition.

We would not have made it so get so far without the support of the public. We had very prominent people retweet our link like Rebecca Enochong, Heather laGarde and even Google’s very own Ory Okolloh just to name a few. So though we started at a disadvantage, with the others ahead of us by 300 votes, we were able to catch up and go over 500 votes by the weekend. All through the power of sharing and retweeting.

I do believe if your idea is innovative, needed, sound and feasible, there are people who believe in it. They want to see you grow, let it be locally or globally, and in our case we had over 1000 people support us. If African entrepreneurs can leverage the power of social networks they can go places.

We created a page to thank everyone who voted for us.

Tell us why we should support your efforts?

Why people should support us? Because its feasible, needed and most of all innovative. Already the vast majority of our voters where African students, this just reaffirms our position that we were building an African solution to an African problem. However we made it only to the finals, but the tons of great feedback from across the globe is a win for us.

How do you look at innovation in Cameroon? Can you give us a feel for the startup scene there? Why should people invest now?

Innovation in Cameroon is in its bubble stage, and it only needs to be burst. There is an impressive list of innovative startups coming up like Wasamundi, Ruedelajoie, Njorku and Geofeed.me. I have had the privilege to collaborate with several of these Cameroonian entrepreneurs. The most notable was building the social network Camerborn. These startups have great projects and ideas. Why should you invest in Cameroon? For 2 reasons – 1st because as with other African countries research shows that ROI is very high i.e. “1 dollar in = 10 dollars out” and 2nd because 3⁄4 of the Cameroonian population are people under the age of 21 and these guys are fanatics of Technology, Social networks and Internet. Anyone who can leverage that will definitely have his clear cut.

Moving forward, what are the main areas of support you are looking for?

At this point, we looking forward to partner with universities across Africa. We need the support of these institutions. At this time we are in close talks with 2 for a pilot program, but we also encourage professors/lecturers who are looking for means to communicate with their students outside class to give us a ping. We might just have the thing for you.

Since Pulse will depend a lot on mobile technologies we will be looking in the nearest future to getting support from the local mobile operators and isp’s. And lastly, we do need investment. I should mention that we have been bootstrapped up to this point and we have been doing pretty ok with that.

Is there anything you would like to add? What is VC4Africa for you?

As an entrepreneur the road is very slippery, its benefits maybe cool, but being an African entrepreneur one faces a lot challenges. Not every startup booms and becomes an eventual Ushahidi, MiXit or Facebook. One will definitely have his/her rounds of failures. Lucky for me there is a platform like VC4Africa. This improves my chances of success by providing a free platform that make it possible to network (very important for entrepreneurs) and most especially to showcase our product to potential investors.

Can you add your contact details?

Yes, you get me on leslie.tita [at] pulse . cm or on twitter @titaleslie

Well Leslie, we are certainly impressed with your work and look forward to following your progress. And for all those naysayers out there it’s time to break down the walls, shift the mindset and join the movement of African entrepreneurs dedicated to changing the world. Projects like Pulse lead the way and we are here to follow!

Morning chat with Cameroon’s serial entrepreneur Fritz Ekwoge Ekwoge

Fritz Ekwoge Ekwoge and his father Chief Ekwoge John Ekeme

This morning in Buea is cool after an early morning rain. Clouds still hang on Mount Cameroon as I sit down to talk to a local legend and one of the first entrepreneurs to graduate from ActivSpaces. They call him ‘Fee.’ He hails from the Southwest Province and ‘doesn’t shut up about his products or the potential for SMS.’ His favorite quote from the 2001 movie Antitrust, ‘this business is binary. You are a one or a zero. Alive or dead.’

When he was five years old his dad would send him to the store to buy groceries, but he had a hard time following orders and would often buy something like sweets instead. His dad told him he could never be a doctor because he would forget the scissors in his patient’s stomach and told him he should be a computer analyst instead. Fritz explains, ‘I had no idea what he meant, but I knew I wasn’t going to be doctor. When I grew up there was no computer around me. But later at boarding school one of my friends had a TI82 programming calculator.’ Fritz would borrow the manual and learned about concepts like loops, conditional statements and assignments. With those basic instructions he was able to clone games like snake, minesweeper and even built a mathematical equation solver. He continues, ‘One night I took a Son Goku image and pixel by pixel I replicated it on the calculator. I used to fool my friends that I had built a scanner that could lift images from a book. Most people in high school knew me for tricks like this.’ Needless to say in school Fritz became an invaluable resource for students struggling to pass their exams :)

The famous TI82 :)

Getting excited Fritz continues, ‘I realized I was spending more time with my calculator than my studies. I knew this was my future. After highschool I went to the Polytechnique and got great results. There I continued programming but still I had no idea about the web or the Internet. Everything was PC programming. One project we did was to build a 3D model of the school in C++. In 2005 I created my first Yahoo account in a local cyber cafe for 5000 CFA (about 10 USD).

Asked how he made the jump to becoming an entrepreneur he describes one of the defining moments of his life, ‘One day I was so broke I didn’t have any money for food and went home to chew on raw onions. I knew I wanted out of this situation and could see that the Internet was a better way for me to deploy my software. At the same time people were willing to pay me to develop websites. Becoming successful it wasn’t long before Price Waterhouse Coopers (PWC) came to the campus and offered me a job. It wasn’t 100% technology but I decided to enter the financial world and it was good to get some business background. I think its the combination of the technical, financial and corporate experience that makes for a good founder.’ With this experience and background Fritz didn’t wait long to start out on his own.

Kerawa, his first independent project, was started in 2007. When Fritz moved to Douala he had a really hard time finding a place to stay and he knew there had to be a better way. Kerawa is an online classifieds service similar to Craigslist and maintains 200.000 listings. By the third year they passed a 1.000.000 page views a month and Fritz is proud to confirm that the project makes a profit. Asked how, he explains that the most significant revenue source is from AdSense and now increasingly from the ‘VIP ads’ service.

Asked about his enthusiasm for SMS he says, ‘My passion for SMS started at school. We were supposed to come out with an Operating System project in 2006. I set up a team and I wanted to go beyond computers and leverage the mobile phone. There is so much power with SMS.’ He created a unique shell that allowed him to command his PC (and all the PCs in the school network) via SMS. He says, ‘Any command on my phone could be executed on the PC. If I wanted to shut it down I could type in ‘Shut Down’ and send it to the machine. The application was originally called VeSMS but is now known as COMPP.’ See one of his academic papers.

Realizing he had the skills to do something interesting Fritz explains, ‘I was telling myself I have to do something with SMS one of these days. I thought there should be a simple way to find contact details for people via their phone. In Africa we grew up with mobile phones but we don’t have a yellow pages or white pages. In Cameroon we have 100.000 fixed line users compared to 9 million mobile phone users. But where is the directory? How are we going to translate the idea of a directory for our needs here in Cameroon?’ On February 2009 he he launched the iYam.mobi beta.

He set up the company with one laptop (which acted like a server) and two phones that served as SMS gateways – one for MTN Cameroon and the other for Orange. He put up a 1 page website to explain how it worked and immediately he saw people testing it from the African countries and the US.

It was a matter of time before the project was discovered by people like Bill Zimmerman who could coach him and help promote him as an entrepreneur. Fritz says, ‘With help and mentorship I was able to secure the funding I needed to grow the iYam.mobi business.’ Now he processes 30.000 SMS a month and recently added an appstore and group SMS functionality.

Asked about the future Fritz pauses, ‘One of the biggest challenges for entrepreneurs here is getting paid for their services. Many people are not comfortable paying online and so we need to develop the sales force that can develop our offline channels. This offline approach is one of our key efforts moving forward.’ Indeed, taking concepts into the market is a real challenge. Not only for Fritz but for starting tech entrepreneurs in countries like Kenya, Uganda, Ghana, Nigeria, etc. His offline efforts are commendable and I think offer a needed focus.

Asked about ActivSpaces he responds, ‘Places like ActivSpaces are so important. I got to meet experienced people and received the support I needed to develop my ideas and build my business. It helped transform me from a local geek to a local star.’ It’s great to meet Fritz and to see first hand some of the progress he is making here in Cameroon. Even more exciting, I can see he is not alone and is surrounded by techies with great projects making similar strides.

And this is only the beginning Fritz explains, ‘We are still in a starting phase here in Cameroon but we are developing models now and I can see things changing. People are abandoning their jobs, not giving into the frustrations and are taking their destiny into their own hands.’ Being at the VC4Africa meetup last night with Buea techies @mambenanje @ekwogefee @nyvacol2005 @didiblaise @camvista & @mohamed_felata I couldn’t agree more.

Exploring Business Models @ACTIVSpaces

One of the big challenges for tech incubators in Africa is helping their entrepreneurs get their ideas into the market. Today at ACTIVSpaces we will be exploring these issue in detail and working through a number of models that might be useful for entrepreneurs ready to make this next step.

Here is the workshop description:

Are you working on a mobile application you think can change the way the world works? Do you have a web based service that could revolutionize the industry? If you have a promising idea we invite you to join us for an intensive afternoon workshop. We are looking for 15 young and dynamic entrepreneurs with innovative ideas to join these sessions. The costs of the workshop are covered by the organizer Sanaga Ventures, a technology investor based in Amsterdam, the Netherlands. The only thing you have to bring is your energy, passion and ideas!

Synopsis

Good ideas don’t mean much if we can’t get them into the market. The biggest challenge is to identify the right business models that can be implemented not tomorrow but today! It’s time to get disruptive :) There are many new business models emblematic of our generation, yet they remain poorly understood, even as they transform competitive landscapes across industries. This workshop builds on the proven Business Model Canvas and offers you powerful, simple, tested tools for understanding, designing, reworking, and implementing business models that could see your idea rise into a profitable business. But you won’t spend your time listening to presentations, this is an intensive working session for anyone striving to improve their existing business model — or craft a new one.

Change the way you think about business models

This workshop will teach you powerful and practical innovation techniques used today by leading companies worldwide. You will learn how to systematically understand, design, and implement a new business model — or analyze and renovate old ones.

Co-created by 470 strategy practitioners

At this workshop we will implement a number of tools crowdsourced from 470 practitioners from 45 countries. These tools were financed and produced independently of the traditional publishing industry. They feature a tightly-integrated, visual, lie-flat design that enables immediate hands-on use.

Designed for doers

This workshop is for those ready to abandon outmoded thinking and embrace new, innovative models of value creation: executives, consultants, entrepreneurs — and leaders of all organizations.

The Details

Send a description of your business (and a URL to your website if you have one) to the organizers valery.colong@activspaces.com and ben@vc4africa.com. The workshop is scheduled between 2:00 and 5:00pm on Wednesday May 4th. The session will be hosted by ActivSpaces and will close with networking at the VC4Africa meetup :)

A video pitch on Njorku.com, making job search in Africa possible

Today Churchill Nanje Mambe, the founder of Njorku.com, uploaded one of the first video pitches from Cameroon. Njorku is a job search engine for Africans world wide, otherwise a platform that aggregates and provides search and browse functionality for jobs from across the continent. In the short term there is a focus on Nigeria, Cameroon and South Africa.

Loy Okezie recently writes on TechLoy, ‘One of the key highlights of the 9ideas Conference held over the weekend in Douala, Cameroon was the demoing of the ‘Elephant project.’ He goes on to explain, ‘Njorku is a jobs search engine that crawls the web (especially job sites) to find jobs based on keyword searches in any African country and makes them available to users.’

This video pitch is great because it gives a personal introduction into Churchill as an entrepreneur and a nice background on his project. While we are in Cameroon we will be working to film more pitches like this and integrate them into the venture profiles on VC4Africa.biz. We hope that entrepreneurs in Buea and Douala will inspire entrepreneurs from across the VC4A network to do the same. When the distance between people is sometimes countries or even oceans video pitches like this can go a long way in breaking the ice.

AfroPioneer launches Kmerblagues, the Comedy Central of Cameroon

Cameroon's Comedy Central

Today Cameroon witnessed the launch of Kmerblagues (Cameroonian jokes in French). The founder, Mohamed Ahmed Felata, a Facebook developer from Garoua in Northern Cameroon, describes his efforts as the beginnings for the ‘comedy central for the country.’ A fun application that creates a place for sharing jokes on Facebook. Its a creative idea and he makes a strong case for connecting brands with a difficult to reach audience – University students and young male professionals between the age of 19 to 32 – on a difficult to leverage platform. He believes there is a need for local content if we are going to get more Cameroonian users online. He says, ‘It’s content about the region and the people. Just the name gives an idea of who our users are and the jokes we offer are really about Cameroonian humor.’

When asked about his interest in Facebook he explains, ‘according to Alexa.com Facebook is the second most visited website in Cameroon with about 361,220 users according to the site (May 2nd 2011).’ The first is Yahoo, although Mohamed is quick to explain that Google runs multiple properties and likely claims the top spot when combined. He goes on to explain, ‘But Facebook is unique. As a Facebook user I know the site and understand how me and my friends use it. At the same time its difficult for brands to get their exposure there. The adverts are limited so why can’t we do something more with integrated applications?’

Asked about his background Mohamed explains that he was living in Youande. He used to work at the airport but hated his job. He smiles when he explains, ‘the best thing that happened to me was a small laptop and access to the wireless network at the airport. I spent my extra time reading and imagining what I could do. I always liked advertising and was learning about all of these different mashups. I went to the BarCamp and heard Fritz, a fellow entrepreneur, present his ideas behind an SMS appstore. I also heard about Kerawa and the exciting projects he was working on. Here was a guy who was doing it and he quit his job to follow his vision so I decided to do the same.’ Mohamed started working on Facebook applications at home. A friend from Buea used to send him Cameroonian jokes by SMS and he thought it would be interesting to integrate these jokes as a service on Facebook.

Curious to know how he ended up at ActivSpaces in Buea he explains, ‘I came to Buea three months ago when he heard about ActivSpaces from a friend. I was looking for a collaborative place to work and connections for help and maybe financing. In Youande I was paying 25.000 a month for a Ringo Internet connection. I was looking for some kind of solution and I wasn’t really making progress working alone.’ This seeded his interest in finding likeminded developers when in his words everyone in Yaounde focuses on doing management software.

He closes, ‘When I came to ActivSpaces I didn’t want to stay too long. I thought someone would steal my idea but when I got to know the team I could see everyone was doing great work. I realized this was the place I could grow. When I get stuck I have guys who can help me. Fua, Fritz, all of these guys can give me some advice. Ideas are shared and thats the best thing.’

My first day at ActivSpaces here in Buea couldn’t be better :)

Africa produces the next Facebook, Groupon, Zynga or Google

What will this list look like 5 years from now?


This info-graphic was produced by Ivan Colic. Located in South Africa, he started a great series devoted to the visualization of African data called Afrographique.

On April 7th Mfonobong Nsehe published ‘Why Africa May Never Produce a Facebook, Groupon, Zynga or Google’ in Forbes. Rightly, he calls for a need for investors to step forward and support promising African startups. I share this call to action, but also recognize the progress that is already being made. We have plenty of African startup success stories and there are more on the rise every day. Investors need to get involved now or we will simply pass them up.

Just last week TxtEagle raised $8.5 million from a consortium of investors including Spark Capital and RBC Venture Partners. This is big news when you consider most of the ground work and prototyping was done in Kenya. TxtEagle leverages USSD protocol that averts many of the costs that restrain SMS use in emerging markets. Their innovative approach has the potential to engage billions of people who till now have been hard for many organizations to reach. They already build on partnerships with 220 mobile operators in almost 100 countries who between them cover 2.1 billion subscribers. That’s 28.5% of the global population and is clearly another African designed platform with global potential. Is this not an example of a global product like Facebook, Groupon, Zynga or Google?

And there is no shortage of capacity and I agree with Mfonobong that Africa has some extremely intelligent techpreneurs. I think its a remarkable accomplishment when someone like John Waibochi, the founder of VirtualCity, walks away with USD 1 million from Nokia and beats out software developers from the U.S, Canada and India! And great African techpreneurs don’t just come from Nairobi :) NandiMobile, a start-up from the MEST Incubator won “Best Business” award at the LAUNCH conference in San Francisco. They were in competition with almost 100 Silicon Valley start-ups!

And let’s remember that Nigeria is about to get seriously connected. We are talking about 5.12 Tbit/s in capacity that will come to shore with the West Africa Cable System. This is four times the celebrated SEACOM cable behind a lot of the tech startup energy and buzz we share in Nairobi. The speed of the WACS cable is such that one could theoretically download about eight million MP3 files or over eight thousand DVDs per minute! And investors aren’t waiting around to see what happens. Already Pagatech announced that they have received investment from Tim Draper, a renowned Venture Capitalist based in the United States from Draper Fisher Jurvetson.

Speaking about his investment in Paga, Draper said “My decision to make this personal investment is premised on the simple fact that I believe in the bold vision of the Paga team and I trust in their ability to execute. Paga is a great innovation which will simplify life for millions of people in Nigeria and beyond. I look forward to the company being a major African success story that serves as an example for many more to come.”

There are exits too. South African Mark Shuttleworth, the founder of Thawte, a web security and certificate authority company, sold his business for nearly a half billion USD. So let’s be clear. Investors need to get involved today or they risk missing out on a unique opportunity at a unique point in time.

Unlocking social capital in Europe

Unlocking social capital in Europe

From my experience at Africa Interactive I know how hard it is to build a business with a social mission. In Dutch law you are either a business or a non-profit organization. There have been discussions but still we wait for an alternative legal form that starts to bridge the gap between the two i.e. a social venture that seeks to better the world but still meet its bottom line. Given increasing cuts in govt. spending across European countries and a shift in mindset that demands sustainability across financial and social metrics, laying new foundations seems imperative.

In the end Africa Interactive found the right investors and has built its foundation as a business. What doesn’t kill you only makes you stronger:) That said, it probably took us twice as long and required twice the effort to make it happen. In the interest to promote the emergence of new efforts, a culture around social venturing, its critical we start to look at ways to foster a community and support its development. On one side its about improving access to social capital and on the other hand its about learning from a combined experience, improving access to the supporting service, knowledge and network needed to make it happen.

This spring we will witness the first SOCAP/Europe here in Amsterdam. This is a perfect location for this event as the Netherlands, and Amsterdam in particular, is really a hotbed for this stuff. Just a top of the head list includes remarkable organizations like the 1%Club, Akvo, Text to Change, Butterfly Works, GhettoRadio and our own beloved Africa Interactive. At Sanaga Ventures we also promote ActivSpaces, VC4Africa and Afrilabs.

I believe this is a milestone for our efforts here in Europe and an important platform for outlining plans of action for the coming years. As SOCAP champions, ‘the event will be a place to discover and discuss the latest in European social enterprise and beyond, meet like-minded attendees from around the globe, pitch your ideas, find and provide funding and more.’

Here are some of their latest announcements and I look forward to coming together around this event.

Social entrepreneur scholarship deadline

If you’re a social entrepreneur putting your passion, money and time to scale solutions for a better world, then we invite you to apply by the end of this weekend! If you don’t fit the social entreprenuer description, but still have value to contribute and gain at SOCAP/Europe, then we invite you to apply as a volunteer by our April 15th deadline.

More SOCAP/Europe speakers announced

In addition to the pioneering names announced in our first two waves, we are happy to now confirm the participation of these speakers. See a full list of SOCAP/Europe speakers here.

Pieter Oostlander – Noaber (Netherlands)
Natarajan Ishwaran – Unesco (France)
Tris Lumley – New Philanthropy Capital (United Kingdom)
Lisa Hehenberger – EVPA (Belgium)
Nigel Kershaw – Big Issue Invest (United Kingdom)
Maria Cavalcanti – AVINA (Panamá)
Brian Walsh – Liquidnet (United States)
Dirk Elsen – SNV (Netherlands)
Felix Oldenburg – Ashoka (Germany)
Ajaita Shah – Frontier Markets (United States)
Gerhard Pries – Sarona Asset Management (Canada)
David Bonbright – Keystone (United Kingdom)
Tamzin Ratcliffe – Nexii (South Africa)
Antony Ross – Bridges Ventures (United Kingdom)
Tim Radjy – Alphamundi (Switzerland)
Tim Draimin – Social Innovation Generation (Canada)
Martin Rich – Social Finance (United Kingdom)
Stephen Dawson– Jacana (Ghana)

A profile on ActivSpaces, the leading technology incubator in Cameroon

In April I am travelling to Cameroon to visit the African Center for Technology, Innovations and Ventures (ActivSpaces), otherwise the leading technology incubator in the country. ActivSpaces is actually a project that has been in development since January 2009. The founders Valery Colong, Bill Zimmerman and Fua Tse unknowingly built what is likely the first technology incubator in Sub-Sahara Africa. Appfrica Labs based in Kampala Uganda, founded by Jon Gosier in March of the same year, being the other.

Like Appfrica Labs, ActivSpaces is building a model organization that serves to facilitate socially-responsible investment and the incubation of African small and medium sized enterprises (SMEs). This is a response to the generally accepted idea that SMEs in African countries have greater difficulty in obtaining the necessary financial support and mentorship services they need to effectively scale up and grow their businesses. Access to traditional growth capital, including debt and equity, is not only limited in developing countries but often prohibitively costly due to various factors such as insufficient legal and regulatory policies, and inadequate financial markets. Labs like this serve as a platform for the local tech community, helping to pool resources and generally serve as a launchpad.

Recently business incubation in Africa has emerged as a means of accelerating the growth of technologies, industries and business skills in otherwise challenging conditions. Combined with an incubator, ActivSpaces is also a coworking space with professional office services and income generating opportunities. The running costs are covered with a 10% on the invoiced commercial projects, giving members a chance to upgrade their skills and generate an income they can use to further develop their own concepts. All activities serve to foster collaboration between members. By using a flexible model, a qualitative approach and on-the- ground experience, ActivSpaces seeks to fulfill a broad spectrum of financing, business development and socio-economic needs.

The ActivSpaces vision builds upon the following core objectives:

- Support for SMEs with high growth potential
- Assessing a company’s risk profile
- Promoting innovation
- Developing products & services for the local market
- Employment & wealth creation
- Technology & skills transfer
- Enhancing links between universities, research institutions & the business community
- Adherence to and advocacy of the highest standards of business ethics
- Reputation as a socially-responsible and innovative firm

I asked Bill (my business partner in Sanaga Ventures – a combined effort that supports initiatives such as ActivSpaces, Afrilabs and VC4Africa) why he believes so strongly in ActivSpaces and he responded, ‘Based on my current analysis, observations and personal relationships, I increasingly believe the preconditions exist for rapid growth in the Sub-Saharan African technology sector. ICTs have many of the same features (i.e., they may be produced, bought and exchanged) as traditional commodity-based industries, but have a far lower barrier to entry and carry lesser capital requirements for young companies.’

Asked how some of the challenges in Cameroon could be translated into strengths he says, ‘Africa is a continent renowned for technical innovations conceived and built from limited resources. Countless examples exist of indigenous technologies borne from constraints (lack of infrastructure, poor governance, poverty, etc.) that have created sustainable SMEs. Among them, mobile money (M-PESA, Safaricom) is a profitable service created in Kenya whose model has only recently been prototyped in the West. Likewise, research and development in fields such as physics, chemistry, GIS & mapping, electronics, security, embedded systems, alternative energy and so on have good potential to be productized and spawn sustainable SMEs.’

He goes on to say, ‘for these reasons, ActivSpaces seeks to foster the growth of physical spaces for innovation, creation, research, development and collaboration. Popularly known as ‘Hacker Spaces’ there are 96 known active hacker spaces worldwide, with 29 in the United States, according to Hackerspaces.org, with another 27 U.S. spaces in the planning or building stage. Local demand exists for a Cameroon- based hacker space. This is integral with our vision and will be financed with a combination of member dues and profits spun off from ActivSpaces.’

As in many African countries, the population in Cameroon is young: an estimated 40.9% are under 15, and 96.7% are under 65. Outlets such as ActivSpaces are critical in leveraging the emergence of technology and the opportunities it presents local entrepreneurs. I am excited to see the space, to take part in celebrating their 2 year milestone, host two VC4Africa meetups, and to spend time interviewing and getting to know the team. It’s exciting times when you see projects emerging from ActivSpaces that carry the mission to ‘disrupt the SMS industry’ as Fritz plans to do with iYam.mobi. I look forward to working with ActivSpaces and the entrepreneurs part of its network.

Join VC4Africa in Cameroon on May 4th in Buea and May 6th in Douala

We are gearing up for the upcoming VC4Africa meetups in Cameroon. We are in Buea May 4th and Douala on May 6th. Our local friends and entrepreneurs from the African Center for Technology Innovation and Ventures (ActivSpaces) are our hosts and special guests.

VC4Africa Meetup – Buea, May 4th

VC4Africa Meetup – Douala, May 6th

Please help us spread the word and pass this invitation on to colleagues and friends.