ITRealms:
Since the inaugural event of DEMO Africa in
2012, to date, an estimated US$10 million about N1.99 billion has been invested
in the participating startups, ITRealms
reports.
DEMO Africa is co-hosted with the
Nigerian Ministry of Communication Technology (NMCT), the National Information
Technology Development Agency (NITDA) and VC4Africa. It is the flagship initiative
of LIONS@frica - a partnership founded by the U.S. Department of State and
other private and public sector organizations, including the World Bank’s
infoDev program for innovation and entrepreneurship, Microsoft, United States
Agency for International Development (USAID), and Startup Weekend.
According to a press
statement, infoDev / World Bank Group’ s Digital Entrepreneurship Program (DEP) works to scale up
high potential firms and secure venture financing in Africa.
The activities, ITRealms gathered, require a pipeline of
quality entrepreneurs, and events like DEMO Africa provide an opportunity to
build awareness on the program and its partners like the network of mobile
application laboratories (mLabs) and innovation hubs, including CTIC in Dakar, Senegal,
mLab East Africa / Kenya and mLab South Africa.
The statement also added that since the
inaugural event in 2012, DEMO Africa has generated significant traction within
the international tech community. Last year’s edition in Nigeria attracted over
500 attendees and, to date, ITRealms
learnt.
DEMO Africa 2015, a two-day
event in which thirty of the most innovative African companies will launch
their new tech products before an audience of international investors, IT
buyers, and media, will kick off in Lagos on September 24, 2015.
Cyriacus Nnaji/GEE
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