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[Deadline, Aug 24] $100,000 for 1st Prize – The Africa Awards for Entrepreneurship

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From the Longitude Prize in the 18th century to Alfred Nobel’s laureate awards at the start of the 20th century, the power of prize programmes to catalyse innovation and inspiration is undeniable. Such prizes serve a purpose beyond recognition and reward alone – also raising awareness, creating role models and igniting ambition.

 

From that mindset came the Africa Awards for Entrepreneurship which rewards $100,000 to the top company in the competition. It is poised to provide a platform upon which they may continue to inspire a new generation of African entrepreneurs. And indeed it is doing just that. $100, 000 is a lot of money.

 

The objectives of the Africa Awards for Entrepreneurship are:

  • To promote the value of entrepreneurship as a driving force of today’s Africa
  • To celebrate the standards of business excellence within Africa
  • To encourage small business owners and aspiring entrepreneurs to embrace the challenges and rewards of entrepreneurship
  • To build strong networks of African entrepreneurs as a source of learning and sharing of best practice
  • To attract more venture capital inflows towards good businesses across Africa

 

Timings

Applications to the 2011 Africa Awards will remain open until August 24th. The Gala Awards Banquet and CONVERGENCE: AFRICA conference on entrepreneeurship will take place on December 8th, 2011 in Nairobi, Kenya

Startup Weekend Lagos Is Sept 9 – 11. Get Ready To Co-Create And Co-Launch Ideas!

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Startup Weekends are 54-hour events where developers, designers, marketers, product managers, and startup enthusiasts come together to share ideas, form teams, build products, and launch startups!

 

Startup Weekends are weekend-long, hands-on experiences where entrepreneurs and aspiring entrepreneurs can find out if startup ideas are viable.  On average, half of Startup Weekend’s attendees have technical backgrounds, the other half have business backgrounds.

 

Beginning with open mic pitches on Friday, attendees bring their best ideas and inspire others to join their team. Over Saturday and Sunday teams focus on customer development, validating their ideas, practicing LEAN Startup Methodologies and building a minimal viable product. On Sunday evening teams demo their prototypes and receive valuable feedback from a panel of experts.

 

It is coming to Lagos as follows and anyone can participate:

 

September 9th – 11th

Canton Concourse

Lagos

 

Startup Weekends are all about learning through the act of creating.  Don’t just listen to theory, build your own strategy and test it as you go

 

Startup Weekend is a 54 hour startup event that provides the networking, resources, and incentives for individuals and teams to go from idea to launch. Startup Weekend’s motto: Build Community. Start Companies. No Talk. All Action. In conjunction with local facilitators around the world, Startup Weekend is run by two guys out of Seattle, WA. Together, we are our own community of passionate entrepreneurs on a mission to help other entrepreneurs and facilitate innovation.

 

The event is open to anyone interested in the local entrepreneurial community, and it puts them in a setting where anything is possible. In the past 3 years, 550+ startups have started, 22,000+ entrepreneurs have been inspired. Teams have even started to generate revenue during the 54hr event, and others have even gone on to direct angel and VC investment. None of these stats take into account the amazing networking, ongoing professional relationships, and amazing experience that happen at every event.

 

Knowledge Shall Fill The Earth – Innovative Leaders Needed To Salvage Humanity

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By Adebola Daramola

She celebrated her 33th birthday on July 25, 2011. She is married with her kids born without assisted reproductive technology. Who am I referring to? She is Louise Joy Brown. Her birth was a product of knowledge, attributable to the works of Prof Edward Roberts; the Embryologist who achieved the world’s first InVitro-Fertization and won the Nobel Prize for Physiology & Medicine in July 2010. This knowledge has diffused across the world helping to bring hope to many previously labeled barren.

 

The final landing of the space shuttle Atlantis on July 21, 2011 confirmed the leadership of the American as expressed in the World Bank’s Knowledge Economy Index. Developed economies could pursue space exploration only because they have developed and raised scientific and technical workforce who could undertake research that push further the frontiers of knowledge about space. The applications of this knowledge have find expression in many spin-offs, attributable to the level of education and continuous thirst to find relevance for the enormous investment in space research.

 

The walls around geographical borders of nations have come crumbling down. Free trade, globalization and mobility of labor have aided the spread and ease of adoption of new technologies. Nations cannot afford to be oblivious of what is happening around, just as individuals, institutions and government. A problems shared is a problem solved. This has led to solutions for unimaginable human challenges and ailments or conditions. Yet, adaption or adoption of these solutions to the peculiar nature of the developing nations is faltering. We are slow in seizing opportunities. The structures to support the diffusion of knowledge are weak and archaic. We need to change our model.

 

Prof Calestous Juma, Director of the Science, Technology and Globalization Project at Harvard University’s Kennedy School of Government, in an earlier interview with SciDev.Net argues that with a mix of existing knowledge and innovation, Africa could be led out of poverty and hunger. How much I agree. With the level of natural resources at our disposal, we have no reason to dwell in squalor. With the right leadership, effective utilization of knowledge in all areas of life with few changes attune to our circumstances, this will be sufficient to take us to a high-tech status.

 

We need a new generation of leaders who will be innovative in creating the structure to diffuse knowledge. Our rigidity has left us far behind our colonial masters. As a matter of urgency, we need to enable our institutions (this is not limited to HEIs) to identify actors (individuals and organizations) and foster networks of creating knowledge. In that way, we will be able to move our economies from its rudimentary nature to higher ground, making lives better for us all as citizens.

iCow Receives 10,536 Euro From Indigo Trust Towards Setting Up Apps HelpCenters

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Technology is transforming the African continent. In East Africa alone there are 50 million mobile phone subscribers and an increasing number of mobile web users. Across the region, the number of IT graduates and tech entrepreneurs is exploding, providing new opportunities to foster social and economic growth. Last year Apps4Africa was organized through the support of the U.S. government and the winner was iCow.

 

iCow, a voice-based mobile application that helps farmers track the estrus stages of their cows. This application can enable farmers everywhere to better manage breeding periods as well as monitor cow nutrition leading up to the calving day. This will help farmers get the most of their cows and their farms. From Kenya, Charles Kithika is the first place winner receiving $5,000 and an Apple iPad.

 

We just noticed that The Indigo Trust has  has awarded a grant of £10,536 to the prize-winning iCow app. The grant is to be used towards the cost of setting up a customer care centre designed to handle feedback and provide support to registered users.

 

Due to be launched in Kenya later this month, iCow is a mobile application that has been specially developed for small-scale dairy farmers. The app acts as a virtual veterinary nurse and midwife for dairy farmers, giving advice on issues such as gestation, milk production and fodder. Specifically designed to run on low-end phones and available in a number of languages, iCow delivers SMS or voice messages to farmers that have registered for the service. Once registered, users input key data about their cow, such as expected calving or insemination date, and receive tailored messages and advice on caring for their cow. It is hoped that this innovative app, which won first prize in a recent Apps4Africa competition, will reduce cow mortality and lead to healthier calves and better yields for dairy farmers.

The Best Deal Of 2011, So Far – A16Z Sale Of Skype To Microsoft, $6 Billion Profit For Two Years Of Work

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In 2005, eBay bought Skype from founders Niklas Zennstrom and Janus Friis, for $2.6 billion. It could neither manage nor integrate it to its services.Instead of becoming a boom to help eBay make money, Skype became a distraction. Skype is a software application that allows users to make voice and video calls and chats over the Internet. It is hugely popular and has about 600 million users from 400 million in 2009.

In Sept 2009, eBay sold it to the duo of  Andreessen-Horowitz and Silver Late Partners for $2.75. Two years later, the latter companies it sold to Microsoft at $8.5 billion. So, within two years, these companies made $6 billion.

It takes uncommon vision to get such deals done.  Skype was actually losing money. It lost $10m in 2010 and $418m in 2009. Yet, the AtoZ and Silver Late were able to get that hefty price from Microsoft. Two years, $6b, this is a vision and insight any mortal needs.

Never mind Microsoft. They seem to get these deals right. When they sent more than $240m to get about 1.6% stake in Facebook, the world quipped. Today, that deal is more than $1.3billion if the valuation of Facebook holds as per SecondMarket. And if they lose all this money, Windows generates more than $15 billion with nothing to dig or build. Just print CDs and deliver software over the web. Microsoft can absorb it without any qualms.