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Nigerian Startups Rule Inaugural Google Launchpad Accelerator Africa

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Nigerian startups continue to dominate in the African startup ecosystem. In the inaugural Google Launchpad Accelerator Africa, six companies were selected – four from Nigeria, one from each of  Kenya and South Africa. The companies are as follows:

 

Twiga Foods, Kenya

Tech-enabled sourcing and distribution platform that replaces informal wholesale markets in Africa’s urban markets

Delivery Science, Nigeria

Mobile forms that help large organizations obtain field data

Flutterwave, Nigeria

Builds technology and infrastructure for digital commerce across Africa

Gidi Mobile, Nigeria

Mobile learning platform that uses “mastery learning” and social gamification to help users with personal development

Paystack, Nigeria

Helps businesses in Africa accept payments from their customers

JUMO, South Africa

The largest scale, lowest cost financial services marketplace for emerging markets

Launchpad Accelerator is a program to empower founders by supporting their startups through mentorship and equity-free support. The Accelerator leverages all that Google has to offer, to help participating tech startups reach their true potential.

For the next application phase, add your email in the newsletter to be informed when the next application cycle begins.

 

Beyond Konga and Jumia – Winning Africa’s E-commerce Market [Video]

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In this videocast, I discuss the future of e-commerce in Africa and why the sector is still anyone’s game to win despite the presence of key competitors. The loss-making sector demands someone with capital to boost logistics and accelerate scale to make money. Today’s leaders are not doing that yet, and can be easily disrupted and displaced. But there are challenges in competing in this sector because the environment and the fundamentals are toxic with largely no infrastructure to key in. The business competitive factor is not the internet or website but logistics. Winning this sector to become a category-king will be settled by a company that can invest, at scale, in logistics to serve more cities and countries.

The Problems With Inventive Societies [Video]

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In this cast, I discuss some of the big challenges of inventive societies characterized by so many ideas but little products and services to show for them. I explain why nations must transition into innovative societies where solutions are provided and where human welfare accelerates.

A simple math: Innovation = Invention + Commercialization was used in the explanation.

Qualcomm Chip Wirelessly Charges A Moving Electric Vehicle

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Qualcomm is innovating big in the mobile device space. Now, it is moving into the electric vehicle space. We do know that the biggest stumbling block in the way of electric vehicles becoming commonplace is their limited range. A petrol or diesel powered car currently has roughly four to five times the range on a tank-full compared to an electric car with fully charged batteries.

Countries like UK and US have charging stations even on the highways to counter this. But stopping frequently to charge the batteries seems like a massive waste of time. And it is. So this new development by Qualcomm is like a godsend.

The company, known more for its semiconductor chips that power mobile phones, claims to have successfully demonstrated its wireless charging technology for cars. While others too are working on inductive charging for cars, Qualcomm’s system is said to work even on moving cars. Wireless charging is a feature found in some flagship mobile devices, so we’re not surprised Qualcomm has translated the technology for use in cars.

Qualcomm built a 100 meter track in France, where a Renault Kangoo EV was charged at up to 20 kilowatts while on the move at highway speeds. The tech promises to be able to charge a suitably equipped vehicle while moving in either direction. The track used for the test had been prepared with the source part embedded under the tarmac while the receiver was integrated into the car.

If the technology picks up and can be implemented on a large scale, electric vehicles might just become the norm. That is disruption and another source of technology licensing at massive scale for the chip maker.

 

Only 20% Of Nigerian Small Businesses Survive – UNIDO

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The Lagos Chamber of Commerce, Nigeria studies showed that only 21% of SMEs in Nigeria survive within 3 years. An now United Nations Industrial Development Organisation (UNIDO) has validated that number.

The United Nations Industrial Development Organisation’s Investment and Technology Promotion Office in Nigeria has called for the formulation of effective strategies to address the increasing inability of Small and Medium Enterprises to grow in the country.

According to the organisation, studies have shown that only 20 per cent of SMEs manage to survive in Nigeria.

The Coordinator, ARCEIT Programme, UNIDO ITPO, Bahrain, Mr. Afif Barhoumi, who made the observation at the opening ceremony of a four-day training programme organised by UNIDO ITPO Nigeria for selected Federal Government agencies, stressed the need for continuous enterprise development and investment promotion to key stakeholders.

“Although everybody in Nigeria desires to become an entrepreneur, only 40 per cent of the dreamers get to start, but no more than 20 per cent survive,” he said, adding that government Ministries, Departments and Agencies needed to entrench enterprise development and investment promotion as a key strategy to end the scourge.

“The training will also equip the SMEs with survival and growth skills needed to thrive and take advantage of investment and trade opportunities in local, regional and international business environments,” he added.

Government has to act to support SMES through enabling operating environment.