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Nigerian Verod Capital Invests in Finnish Spinlet – A Digital Media Distribution Company

By
Tekedia Editors
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TechLoy reports about an investment of a Nigerian based venture capital firm in a Finnish based Spinlet. It is very evident that Nigeria’s VC market is getting interesting and people that develop marketable IPs will surely find opportunities in the nation. The challenge is moving towards IP creation; the funding will come. And it is most likely going to come from an unexpected source. While the model could be to  build to sell to big companies, it is even possible that  a local company can acquire for consolidation.

 

The next phase of Nigeria’s web renaissance is coming as the price of  bandwidth crashes.  If that happens, a lot of people will find opportunities in the web ecosystem and business will boom. As we take care of the payment systems via mPayment, Nigeria will be a haven for mobile and web commerce within the next few months. And now is the time to get a footprint in the space.

 

Back to Spinlet. What is this company? From their website:

 

Spinlet is a Finland-based digital media distribution Company that produces innovative, cloud-based streaming music and media storage applications primarily for the fast-growing mobile markets of Africa, Asia, and Eastern Europe. Spinlet’s technology enables music artists to connect with their fans worldwide via web and mobile interfaces. The Company has a strong intellectual property portfolio and launched its first cloud-based music service in 2010. Spinlet is currently expanding its product catalogue and service availability by working with local mobile service operators and leading music labels in its target markets.

 

So they offer the following:

  • Seamless music sync and stream playback
  • Manage tracks in your phone library
  • Create playlists with ease
  • Search by artists, tracks and genre
  • Check-In with your music

 

The Nigerian VC firm is  Verod Capital. This is certainly a giant with tentacles spread across many sectors. It is invested in the following companies: H.F.P. Engineering Ltd, Rotoprint Ltd, GZI Industries Ltd, Howard Roark Ltd which span construction to chemicals.

 

Verod is an investment and financial advisory boutique focused on Nigeria and West Africa.  We seek to create long-term value for our investors and provide positive economic impact through our portfolio companies.  Verod looks for high growth companies generating strong cash flow.  Verod is opportunistic in nature – we are willing to source talent and build new companies in addition to investing in traditional buy-outs and restructurings of existing businesses.

 

Fascinating that a Nigerian based VC firm is putting money in Finland.  That shows the liquidity capability of some of the emerging VCs in Africa. We see this as a paradigm shift in the old global order. And more will follow.

 

Engineering for Change: Collaborating for Social Benefits

By
James T Collins
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SUNY College of Nanoscale Science and Engineering's Michael Liehr, left, and IBM's Bala Haranand look at wafer comprised of 7nm chips on Thursday, July 2, 2015, in a NFX clean room Albany. Several 7nm chips at SUNY Poly CNSE on Thursday in Albany. (Darryl Bautista/Feature Photo Service for IBM)

Engineering for change (E4C) is a dynamic and growing community of engineers, technologists, social scientists, NGOs, local governments and community advocates whose mission is to improve quality of life in communities around the world by facilitating the development of affordable, locally appropriate and sustainable solutions to the most pressing humanitarian challenges. Read more

E4C presently has 4,444, 343 members of which many are in Africa, and growing everyday. I consider it one of the most visionary engineering societies online that is really making impact.  E4C is a joint venture of the IEEE, Engineers without Boarders USA, and ASME. Beyond words, their efforts and impact is very evident around the world

The community is divided into a number of areas of interest: water, energy, health, structures, agriculture sanitation and info systems, while also having a library of solutions proffered by members in these areas.

Issues are tackled by creating a challenge or workspace that is posted on the site for members to work on solving. The current challenge is a quest to design a Communication Device to Assist Cognitive/Spastic Children, and a Generating electricity by animal power.

The site also features news from around the world relating the community and development centered engineering innovations, the most recent of which was  the Open Source Ecology project, an open source collection of farming tech resources. The aim of the project is to provide open source hardware for mechanized agriculture like DIY tractors. The founder, Marcin Judowski, who was also featured on TED, is the founder of Open Source Ecology which develops and publishes machine designs.

Projects like this tend to restore Engineering to its original meaning and purpose. Beyond making money, there is a duty to mankind and humanity.

Let us remember that as we build our high-tech industry in Africa.

High-Precision Motion Detection-LSM320DL Multi-Sensor Module Introduced

By
Olabode Olakanmi
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0

STMicroelectronics has announced a multi-sensor module with five degrees of freedom. The integration of a 3-axis digital accelerometer with a 2-axis digital gyroscope in a single device improves sensing accuracy and reliability at reduced size and cost, opening new possibilities for high-precision motion detection-based applications in mobile phones, navigation systems, game controls and many other portable electronic devices.

 

ST’s newest high-performance motion-sensing module detects acceleration up to 16 g and angular rate up to 2000 dps along the pitch and yaw axes 2. Advanced design of the mechanical sensing structure guarantees outstanding symmetry and resistance against mechanical and thermal stress, delivering best-in-class stability over time and temperature for zero-g offset, zero-rate and sensitivity. The module leverages the same micromachining technology process that ST has successfully applied to more than 1.2 billion motion sensors already sold in the market.

 

Packing five degrees of freedom in a single device increases system robustness, which together with high thermal and mechanical stability and advanced power management options, makes ST’s new multi-sensor module a perfect choice for a wide range of consumer and industrial applications.

 

These applications include intuitive user interfaces in mobile phones, game consoles, pointers, remotes and other smart consumer devices; dead-reckoning and map-matching in advanced navigation systems; smart power saving and free-fall detection in portable electronics; and vibration monitoring and compensation.

 

Addressing power constraints in battery-operated portable devices, ST’s multi-sensor module includes power-down and sleep modes and an embedded FIFO (first-in first-out) memory block, which removes the need for continuous communication between the sensor module and the host processor. The device can operate with any supply voltage in the range of 2.4 to 3.6V.

 

ST’s LSM320DL multi-sensor module is available now, with unit pricing at $3.50 for volumes in the range of 1000 pieces. For further information on ST’s complete MEMS portfolio see www.st.com/mems

 

Fasmicro Partnership Scheme (FPS) – Make Up To 20% On Us

By
Tekedia Editors
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0

 

All services and products in our brochure are covered in the FPS.

 

Some of our generic proposals are here. You can use them to develop markets. And if you need a customized one, contact us!

 

Considering a job opportunity or more income? Now, you have found one! Fasmicro has introduced Fasmicro Partnership Scheme (FPS) that enables our nationwide partners to tap into the amazing opportunities our company provides.

 

Through this program, Fasmicro pays up to 20% to partners when they bring jobs to us. Potential partners will sign our partnership document. As they execute and bring jobs, they will climb the partnership levels.

 

This scheme is open to anyone – company or individual.


How it works

1. You will register with us as a partner – free

  1. Sign agreement to abide by our FPS rules
  2. Refer jobs to us and earn commission from 5% – 20%

We have Four Categories of Partnership

1. LEVEL 1  1st level when you join us) : 5% in all jobs referred

  1. LEVEL 2  Refer 5 jobs to move to level 2) 10% in all jobs
  2. LEVEL 3  Refer 5 Partners and 5 Jobs) 15% in all jobs.
  3. LEVEL 4  At least 2 partners from you gets to level 3) 20% in all jobs.

Download the documents here (pdf) (word) or visit FPS site

You will be among our contacts in your locality. This applies to all parts of Nigeria.

 

What We Do

We have the following products and services. Notice that we train on Android, embedded systems and web design services and we have an innovative ICT Division. From recruiting people for our training to getting web design customers, from microelectronics center design customers to Android app customers, from software development to consulting services, ete, etc, you have more opportunities to profit with the experts.

 

Email info@fasmicro.com to indicate your interest in this program.  And visit fps.fasmicro.net to register and start earning.

SlimTrader – The Mobile Commerce Firm That Started It All, Shop With Mobile Device

By
Tekedia Editors
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0
Beautiful young asian woman holding a credit card and shopping online with using laptop computer at cafe on blue tone, girl payment on internet, business ecommerce icon concept.

SlimTrader is the first platform in Africa that allows consumers to purchase services or shop for goods with their mobile devices. This is especially valuable given the slow and erratic internet access on the continent, which leaves residents with the sole option of traveling and waiting in line to conduct potentially simple transactions.

The company has begun operations in four African nations with a sting of early success stories. SlimTrader recently teamed with EarthWise Ferry Service to help reignite the long-formant yet economically vital waterway transportation system along Lake Victoria and, in turn, strengthen the social fabric of the three countries that border it. SlimTrader also created the first Mobile web and SMS ticketing platform in Africa for Aero Airlines, a leading West African Airline.

Through its MoBiashara, SlimTrader helps to widen markets, reduce transaction costs, and facilitate the exchange of goods and services. It’s about getting people what they need, regardless of where they are. Now.

This is how MIT TR explained it

In much of the world, shopping online involves browsing e-commerce sites or typing what you want to buy into a search engine. In countries where Internet-connected computers are a rarity, a Seattle-based startup called Slimtrader hopes to offer Internet shopping via text message instead.

Just like a conventional e-commerce business, Slimtrader relies on interactive databases to handle product inventory, pricing, orders, and payments. But unlike, say, Amazon, it has a database that users can interact with through short message service (SMS).

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