jamii bora

best mobile youth microcredit

Nano credit startup MoDe wins Africa stage of IBM Global Entrepreneur



If you were at Tech4Africa this year, you might already have heard the news. MoDe (Mobile-Decisioning), the Kenyan mobile nano credit startup, won IBM’s inaugural SmartCamp in Africa.

MoDe’s innovative emergency airtime payments solution won over the judges and will now take on competitors in the regional finals of IBM’s Global Entrepreneur of the Year Competition in Sao Paulo in December. IBM will offer support and mentorship to MoDe in the run-up to the competition, as well as exposure to IBM’s venture capital and partner ecosystem.

IBM’s first startup talent scouting foray into Africa adds to the 20 different locations around the world, where its SmartCamps bring together investors, mentors and entrepreneurs.

The event saw four finalists compete for the top spot. To qualify and participate in the programme, the companies had to be privately owned start up company less than five years old, and actively engaged in developing a software-based product or service. The winner, MoDe, is a two year-old company with over 50 employees, and a presence in five countries. Its first product, which allows prepaid cellphone users to borrow airtime money, has now been used by millions across the continent.

“MoDe and all the finalists of Smart Camp demonstrated great tech innovation for South Africa and the African continent. MoDe’s solution is sophisticatedly simple, addresses a unique need in the market and is infinitely scalable which demonstrates the global aspirations we’d like to encourage in our partner start-ups. What’s more exciting is their supporting teams, business model and future plans are solid and will definitely attract positive attention of the investment community to help accelerate their commercial aspirations. We are excited about being part of assisting MoDe and being able to take them to the next level in their business venture,” said Clayton Booysen, ISV and Developer Relations Lead for IBM South Africa.

Booysen told Ventureburn that IBM plans to expand the competition further into Africa in 2013, and is looking at the feasibility of holding multiple events per year.

Startups who participate in IBM’s Global Entrepreneur initiative receive access to free software, as well as a team of dedicated project managers to assist in product development through the global network of 40 IBM Innovation Centers.

Read more about IBM SmartCamp and the IBM Venture Capital Group in Ventureburn’s exclusiveinterview with SmartCamp mastermind Martin Kelly.

Views: 35

Reply to This

Silicon Valley will continue to be the strongest innovation ecosystem in the world, but on a relative basis it will become less important,” predicts Steve Case, the former boss of America Online. He now runs Revolution, a venture-capital firm based in Washington, DC, which is looking hard for investments outside the Bay Area. 
nairobi BR9
Beijing BR0
hangzhou br0
shanghai br0
tokyo br1
dhaka br2
toronto br6
rome br5
barcelona br5
geneva br5
korea cities
budapest =soros
AFM00 Samara and AfricaStar and Yazmi
AFM10 IHUB/Ushahidi
AFM11 MIT Media Lab Africa
AFM12 MIT D-lab and Abdul Latif with Toyota
AFM121 Polak last mile multinationals africa –eg green energy and clean water distrib
AFM13 Ibrahim Foundation
AFM14 Africa24tv
TB1 Free University and Jobs Schools
TB11 Open Learning Campus Africa
AFM15 Young Africa Society –world bank ypa milennials’ goals 2.1
AFM2 Jamii Bora –end slums youth banking and partner labs
TB20 Primary financial literacy curriculum – eg Afaatoun out of Orphanages
AFM21 Bridges primary schools
TB21 Love of self- empowerment curriculum – eg Maharishi (TB1)
TB22 Coding curricula from primary up
AFM31 Kiva Africa
AFM32 Acumen
AFM33 BRAC African Girl Jobs-creating banking
AFM34 Eagri-Africa
AFM35 African health millennials www –and PIH Rwanda, Free Nursing College Africa
AFM36 Mara Foundation
AFM5 Nanocredit
AFM6 USADBC - diaspora association benchmarking african food security value chains
AFM61 –diaspora multi-country celebrations eg AfricaTip (AgeTip)
AFM612 Makerfaireafrica
BOM1 berners lee
BOM2 mit every students an entrepreneur
BOM21 MIT100k
BOM3 mit media lab -open source wizard entrepreneurs and new commons
BOM30 Negroponte $100 Laptop
BOM31 Joi Ito
BOM32 reclaim our learning
BOM4 MIT open education movement
BOM5 Legatum
BO51 Legatum millennials and fans
BOM52 networks of cashless banking technolgists
BOM53 innovations journal
BOM6 partners in health/brigham womens hospital
BOM61 value chain networks club inspired by pih and world bank millenials
BOM62 ypchronic
BOM64 Haiti training hospital - connector of neraly free nursing college
BOSF1 Kiva and puddle
BOSF2 Khan Academy
BOSF3 Coursera segment interested in Open Learning Campus

6 years ago needs to be a long time in world of development but we quite like this 2008 format marketplace of ideas- have you seen updates?

JB 1  -africanidol.tv

help worldwide youth  networks action learn how curriculum of Jamii Bora's founder Ingrid Munro makes one of top 10 networks for womens livelihoods


key question of our life and times-can online education end youth unemployment for ever ? yes but only if you help map how!

googlegroup bestMICRO




© 2021   Created by chris macrae.   Powered by

Report an Issue  |  Terms of Service