VC4Africa incubator group representation low in Central Africa, Sahel, Horn
Millions of entrepreneurs building innovative companies across the continent that serve to redefine Africa and lead it into the 21st century. To lead the charge in establishing the continent as a dynamic and creative hotbed for innovation and social development tapping into limitless potential. – “The Vision”, VC4Africa.com
VC4Africa.com is an active community that aims to connect entrepreneurs and investors. In fact, groups focused on incubating start-ups exist for 26 African nations. And, even the smallest groups have 30+ members. However, half of African nations lack substantial representation on VC4Africa.com. It’s not the site’s fault (Ben, the founder, welcomes requests for incubators), but rather the economic situation and/or business environment in these developing nations.
Not surprisingly, there are no groups for many Central, Sahel, and Horn of Africa nations. Internet access is undoubtedly hard to come by in these areas, but one would imagine that any entrepreneur who makes it online would receive substantial interest from the VC community – even if a project isn’t quite on par to receive funding. Innovation takes trial and error and it would be great to see what types of ideas are bubbling up from under-represented nations.