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Subscribe to this list via RSS Blog posts tagged in startups

Innovation, mobile, tech and startups. These are Africa’s buzzwords. A continent that arrived late to the web revolution, Africa is catching up fast and leading the way in some aspects.

The continent is working overtime to build and create products, services and businesses that can rival that of the developed world. It is no longer the dark continent. According to a Daily Beast report, Africa is being heralded as the “new Asia” and the “home of the next Google”.

“Compared to dismal rates in the rest of the world, Africa’s growth is exceptional,” Gustavo Galindo, a portfolio manager with Russell Investments is quoted in the Daily Beast as saying. “It surprises me many US investors don’t realize the opportunities this creates, with some African stocks gaining 15% to 20% returns.”
 
That surprise is echoed in Africa, where young entrepreneurs are building products that not only solve African problems but can scale as well. In spite of lack of investor interest, the continent thrives and that is to a great degree thanks to tech hubs and co-creation spaces popping up with the aim of fostering innovation and technological growth.
 
Here are nine innovation hubs and co-creation spaces that are doing their bit to champion the African tech boom.

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Global enterprise software company, SAP, is targeting African startups to make use of its in-memory database and computing technology system, HANA, for future projects.


 “Africa is Disneyland for startup companies and entrepreneurs, and we want the new generation of startups and billionaires that could change the world to come from this continent,” said Derek Kudsee, chief operating officer, SAP Africa.

He added, “We in Africa have an enormous opportunity, the possibilities are endless and big ideas and data is the marriage that is going to create a new generation of companies.”


Through the launch of its first ever ‘SAP Start-ups Focus Forum’, the company has embarked on a programme that plans to support startups with using HANA as well as developing new software applications for the system.
 
HANA is an SAP software platform that brings together analytics and transactions into a single in-memory platform.
 

Tagged in: Africa startups
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EuropeLogo eInfastructure This project has received funding from the European Union's Seventh Framework Programme for research, technological development and demonstration under grant agreement no 313203
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