By Steve Hamm
Charity Wayua grew up in rural Kenya and did not use a computer till she was 17. Through hard work, Charity excelled academically and landed a scholarship from the Zawadi Africa Education Fund, which provides support for disadvantaged African women pursuing university educations. She got her undergraduate degree from Xavier University and a PhD in chemistry from Purdue University, both in the United States. Now she’s back in Africa—a fresh hire at the newly opened IBM Research lab in Nairobi.
She always planned on returning home after completing her studies. “I wanted to come back to be part of creating solutions for the continent, doing work that would make a difference for people here,” she says. Continue Reading »
By Claudia Fan Munce
Starting a business is no easy task. According to even the most optimistic studies, three out of every four startups fail, equaling only a 25 percent success rate. To combat these odds, entrepreneurs must search for new ways to gain a competitive edge, network with the right people (foster make-or-break relationships with them), and most importantly, raise funds.
Because they themselves have learned what it takes to succeed, corporations are quickly becoming an important support system for entrepreneurs. According to the National Venture Capital Association, in the first half of 2013, corporate VCs invested an estimated $1.38 billion in 303 deals. Since launching in 2010, IBM’s Global Entrepreneur Program has helped startups through mentorship and partnership rather than direct funding—a unique approach compared to other large organizations. Continue Reading »
By Takreem El-Tohamy
There’s a wonderful word in Swahili that I think expresses one of the imperatives for the future of Africa. The word is “harambee.” It means pulling together, collaborating and supporting each other. I believe that one of the key factors in the ability of African countries to create sustainable and equitable economic growth will be the emergence of innovation ecosystems. Harambee perfectly captures an essential element of such ecosystems—the ability of institutions and individuals to pull together and build a mutually supportive environment.
Innovation ecosystems are complex organisms that are difficult to create yet tremendously powerful when they work. Think Silicon Valley. They require a melding of all of the capabilities of governments, businesses, financiers, universities, and individuals. Together, these organizations and individuals provide the web of support that makes it easier for startups to launch and grow quickly, and for established companies to innovate more aggressively. With that kind of support, African entrepreneurs and businesses will find it easier to produce new products and services, or even create whole new industries. You can think of an innovation ecosystem as a collective intelligence—harnessed for the good of society. Continue Reading »
By Ben Goldhirsh
Cloud computing is the new mantra for small businesses looking to go green.
That’s important because IT’s carbon footprint has been expanding. Between 2011 and 2020, carbon emissions for worldwide information communication technology (ICT) equipment and services are expected to double from 2 percent to 4 percent of total emissions, according to market research firm Verdantix.
Becoming a green business means more than just eliminating paper. It is about eliminating waste and reducing energy consumption. One easy step towards “going green” and significantly decreasing your carbon footprint is to eliminate or reduce energy-consuming on-premises equipment and move your IT to the cloud. Continue Reading »
By now, most globally-aware people are familiar with Africa’s mobile money story. M-PESA, launched first in Kenya, leapfrogged the developed economies in bringing mobile money transfers to the masses. But M-PESA is old news. The new news is that entrepreneurs are building a second wave of mobile apps that provide essential services for millions of Africans. One of those startups, MoDe, made a splash in New York City last week when it won IBM’s SmartCamp contest and was named IBM Global Entrepreneur of the Year.
MoDe, short for Mobile Decisioning Africa Ltd., is a mobile micro-finance company based in Nairobi, Kenya, that provides mobile carriers with an online system for topping off their customers’ pre-paid subscriber accounts based not on cash payments but on credit. In emerging markets, the majority of mobile phone owners pay as they go, replenishing their accounts when need be at retail kiosks. But what happens when customers run out of time in the middle of a conversation, or when no kiosk is nearby? MoDe keeps them going.
MoDe is a prime example of the kind of innovation that is sweeping Africa these days. Most Africans don’t have PCs and Internet connections, so the mobile phone has become the go-to platform for communications and online services. Dozens of African companies have sprung up to create mobile applications that address the fundamental needs of Africans.
Across Africa, an innovation culture is starting to emerge. In Kenya, PesaPal piggybacks on the popular M-PESA mobile payments service, enabling Kenyans to buy and sell on the Internet. Tanzania’s Techno Brain is selling software for managing businesses in 13 countries. And South Africa’s Cobi Interactive, a mobile communications software company, is developing popular applications for smart phones.
Yet for Africa to fulfill it’s potential and emerge among the world’s economic tigers, social and business leaders agree that much more innovation must happen there. The continent’s cities, universities, entrepreneurs and commercial R&D organizations can become engines of innovation producing new products and services that are tailored for the African experience. And, in order to make this transition, African institutions and businesses–plus multinational corporations –must work together to create innovation ecosystems that foster this kind of creativity.
At IBM’s Smarter Planet Leadership Forum today in Nairobi, Kenya, CEO Ginni Rometty said IBM hopes to work collaboratively with the people and institutions in Africa: “We want to be seen as a citizen of the countries, essential to the government, companies and people.” Rometty said IBM’s decision to locate an IBM Research laboratory on the continent–beginning with an office in Nairobi–sends the strong signal about the company’s commitment to Africa.
By Rev. Robert Dowd
When you combine private-sector expertise with top-notch education, future leaders enter the workforce with a foundation of unmatched strength and potential. As a leading Catholic research university, the University of Notre Dame works with a variety of partners, including corporations such as IBM, to support young people in their efforts to develop their leadership potential and the skills needed to contribute positively to the flourishing of their societies.
Recently, I have had the privilege of working on the Leadership Education and Development (or LEAD) program. This innovative pilot program brings together MBA students from East Africa with Notre Dame Faculty and students and business experts from IBM. The program aims to help nurture the business leaders of the future through intense academic training and exposure to real-world business challenges. This program embodies Notre Dame’s commitment to developing the next generation of business leaders, technicians, scientists and social scientists and highlights the important role corporations can play in skill development. Continue Reading »
By Deborah Magid
When people think of the hotbeds for interesting startups, they usually think of Silicon Valley first. That’s where I’m from and where I handle venture capital and entrepreneur relationships for IBM Software Group. And it’s true, there are lots of cool startups here.
But guess where else they are – everywhere. That’s because governments at the national, state and city levels all over the world are recognizing that venture investment is a form of economic development that creates skilled jobs and commerce. And institutions around the globe are working hard to attract that investment. More than anything, that means creating a wonderful environment for entrepreneurs to live and work.