road trip

Following the launch event in Brussels on 6 November, a road trip to South Africa will be the next step to bring Africa and Europe closer. The road trip will take place in both South Africa, 20-22 November, and Nigeria, 23-25 November, and it will ultimately culminate in Abidjan, Ivory Coast for the 5th EU-Africa Summit.

You can read about the trip in detail here below:

• In South Africa, in addition to the Brenthurst Foundation, we are working with Injini, an educational technology accelerator that will be our primary host and that belongs to a larger initiative called the Cape Innovation and Technology Initiative (CiTi). We are also working with Wesgro, the official trade, tourism and investment promotion agency for Cape Town and the Western Cape, and are working directly with Tim Harris, CEO of Wesgro and former South African Shadow Minister of Finance, to ensure the event’s success. Finally, Google has opened up its network of African start-up partners to us to access the continent’s best start-ups.

The agenda for the 3 days in Cape Town will be as follows:

• Monday, 20 November: Arrive in Cape Town and set up event
• Tuesday, 21 November: Boot Camp for 15 African start-ups. We are asking for start-ups that have either at least $100,000 in annual recurring revenue or at least $100,000 in investment, as a filter to ensure that we are attracting companies with at least a minimum viable product. The Boot Camp will be hosted at Injini.
• Wednesday, 22 November: An event open to the entire start-up ecosystem, both in person and virtually. The event will be hosted at Workshop 17, a co-working space on the waterfront with views of Table Mountain. A video of the space is available here. The day will consist of 4 blocks and 1 inspirational keynote. Each block will give 15 minutes to an African entrepreneur, 15 minutes to a European entrepreneur, 15 minutes to a moderated panel with both entrepreneurs to highlight commonalities and differences, and then 15 minutes of Q&A. The 4 blocks will be:
  • How to raise capital in Europe and Africa;
  • What investors look for in Europe and Africa;
  • How to work with corporates in Europe and Africa; and
  • How to build a brand and a network in Europe and Africa.

The inspirational keynote will be on “How to create an African Bill Gates” and will be given by a top digital entrepreneur in Southern Africa.

Later that evening, we will host the gala finals to select the best start-up from among the 15 semi-finalists. We are speaking with the Spanish and Dutch Embassies to host the event at their Cape Town consulates. The German Embassy that are keen to support the event, but are remodelling their consulate in Cape Town. We will invite relevant dignitaries from the various European embassies to the gala event.

The winner of the start-up competition will get various prizes, including €76,000 in investment from Wayra and the chance to pitch at St James Palace before HRH, The Duke of York and possibly the Queen of England. Other partners, including Amazon, Google and Facebook, will provide prizes such as €1000 of free Facebook marketing, etc.  If the winning start-up is a preventative health start-up, MSD, the world’s 4^th largest pharmaceutical company, may match Wayra’s investment with a €76,000 grant.

• In Nigeria, our main partner is former President OlesegunObasanjo via his presidential library. In addition to him, we are working with grassroots partners, including our venture partner, EchoVC, a pan-African fund split between Silicon Valley and African markets. They back founders across Africa from seed funding to series A. Eghosa Omoigui, the Managing Partner, is the lead; he has years of experience backing the world’s best start-ups, which he previously did as Director at Intel Capital, the world’s largest corporate VC. Google Nigeria is also supporting.

The agenda for the 3 days in Nigeria will be as follows:

• Thursday, 23 November: Arrive in Lagos and set up event
• Friday, 24 November: Boot Camp for 15 African start-ups. As above, we are asking for start-ups that have either at least $100,000 in annual recurring revenue or at least $100,000 in investment. The Boot Camp will be hosted at Leadspace, a local co-working space with 7 locations in Nigeria that has been highlighted on CNN Africa.
• Saturday, 25 November: An event open to the entire start-up ecosystem, both in person and virtually, will also be hosted at Leadspace. The format will be similar to the Cape Town event: 4 blocks and 1 inspirational keynote. The 4 blocks will again be:
  • How to raise capital in Europe and Africa;
  • What investors look for in Europe and Africa;
  • How to work with corporates in Europe and Africa; and
  • How to build a brand and a network in Europe and Africa.

The inspirational keynote will be on “How to create an African Bill Gates” and will be given by a top digital entrepreneur in Western Africa.

Later that evening, we will host the finals to select the best start-up from among the 15 semifinalists at the Olesegun Obasanjo Presidential Library. President Obasanjo will host the event, and relevant foreign dignitaries will be invited.

As with the Cape Town event, the winner of the start-up competition will get various prizes, including €76,000 in investment from Wayra and the chance to pitch at St James Palace before HRH, The Duke of York and possibly the Queen of England. Other partners, including Amazon, Google and Facebook, will provide prizes such as €1000 of free Facebook marketing, etc. If the winning start-up is a preventative health start-up, MSD, the world’s 4^th largest pharmaceutical company, may match Wayra’s investment with a €76,000 grant.