innovate durban keynote presentation - philip kiracofe - 7 july 2016
TRANSCRIPT
Philip Kiracofe
Africa - Cradle of Innovation
Necessity = Mother of Innovation
Perspective
The Ultimate Human Race
Global Population GrowthPo
pula
tion
(Bill
ions
)
By Continent
Global Population Growth
Africa 85%
Concept Stage (Ideation – Exploration) develop idea, pre-revenue
R0 - 1MM valuation
Seed Stage (Exploration – Creation)market validation, early revenue
R1MM – 10MM valuation
Series A (Acceleration)rapid growth, solid revenue
R10MM – 100MM
Series B, Csignificant market share, profitability
R100MM +Investor ExitTrad
e Saleor
IPO
FAILURE
STARTUP VENTURE FINANCING LIFECYCLE
MATURE SELF-SUSTAINING ECOSYSTEM
CURRENT SOUTH AFRICAN ECOSYSTEM
Lean Startup Process
Ideation ExplorationDiscovery Creation Acceleration
TIME VALIDATION
Innovation Programs
Ideation ExplorationDiscovery Creation Acceleration
Allan Gray Orbis IVC
Lean IteratorRise Labs
Corporate SME Programs
Tech Lab AfricaStartupbootcamp
OPPORTUNITY
