DEMO Africa is one of the flagship initiatives of LIONS@FRICA and aims to connect African startups to the global ecosystem. DEMO Africa is the place where the most innovative companies from African countries get a platform to launch their products and announce to Africa and the world what they have developed.
With real startups being created in Africa to develop real-world solutions, worthy of investment and global attention, The U.S. Department of State, in collaboration with Microsoft, DEMO, USAID, and Startup Weekend, launched the Liberalizing Innovation Opportunity Nations (LIONS@FRICA) Partnership. This was In recognition of Africa’s economic emergence.The public-private alliance is aimed at enhancing and deepening the startup and innovation ecosystems of targeted fast- growing African economies.
We invest in technological innovation because we understand the benefits of a vibrant technology ecosystem to a country. As Africa’s population becomes increasingly educated and affluent, the global business community is looking to capitalize on this increase in human and financial resources. There appears to be a new optimism for future economic prospects for Africa and hence a fresh interest in the technology sector, as highlighted by Intel Capital’s recent move: The potential for growth in the technology value chain is material, given that Africa has about 15% of the world’s population, but only about 2% personal computer users.
DEMO Africa allows start-ups from all over Africa to meet VCs, investors, tech acquisition specialists, IT buyers and media from across the region and around the globe.
The Start-ups are given an opportunity to launch their products to a tech eco-system under the following categories
- Media and Entertainment
- Transport and Logistics
- Finance and Banking
- Water and Sanitation
- Waste Management and Recycling
In just two years of running, the DEMO African alumni have generated over $8 million in either investment, business or partnerships from the unique mix of positioning, opportunity (networking, fundraising), training and exposure that our launch pad offers.
This has been a real motivation and we are proud to participate in pushing technology in Africa to greater heights.