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June 7, 2012 08:38 pm GMT
The news that i/o Ventures had launched the Savannah Fund in Africa is clearly welcome news for an emerging continent. It's $10m fund size will be a shot in the arm for the eco-system there. But I was surprised to see that it was being described in some quarters as the "first ever" Sub-Saharan African incubator and accelerator. Because it patently is not."I think MEST would actually be the first model in this space," said African tech watcher Ben White of vc4africa.biz when I asked him about this. MEST has a fund size of $20m, although it's invested via a non-profit. So to start getting into this, it may be that we are well over-due for a run-down of accelerators in Africa. Here's what we've found so far.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/qZ3BBSw3VUc/
Time For An African Valley? Sub-Saharan Accelerators Start To Emerge
The news that i/o Ventures had launched the Savannah Fund in Africa is clearly welcome news for an emerging continent. It's $10m fund size will be a shot in the arm for the eco-system there. But I was surprised to see that it was being described in some quarters as the "first ever" Sub-Saharan African incubator and accelerator. Because it patently is not."I think MEST would actually be the first model in this space," said African tech watcher Ben White of vc4africa.biz when I asked him about this. MEST has a fund size of $20m, although it's invested via a non-profit. So to start getting into this, it may be that we are well over-due for a run-down of accelerators in Africa. Here's what we've found so far.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/qZ3BBSw3VUc/
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