Featured By Sheilah Birgen / May 2, 2014
PIVOT East 2014 Welcomes infoDev‘s Support in Boosting Africa’s Mobile Innovation Ecosystem
For the fourth consecutive year, infoDev, a global entrepreneurship program in the World Bank Group shows its support by being a sponsor of PIVOT East 2014. infoDev supports growth-oriented entrepreneurs through creative and path-breaking venture enablers such as innovation hubs, incubation centers and other business accelerators.
Since 2011, infoDev has been a consistent sponsor of PIVOT East, a mobile startup competition organized by m:lab East Africa. Created by infoDev’s Mobile Innovation Program, m:lab East Africa has invested $120,000 in the past 15 winners of the PIVOT East competition “infoDev’s support is a demonstration of their commitment and consistency in contributing to a thriving mobile ecosystem in East Africa.” says John Kieti – Director at m:lab East Africa,
PIVOT East and infoDev’s partnership encourages high potential startups and entrepreneurs to grow their businesses in terms of revenues, access to finance, and other enterprise growth indicators which in turn will contribute to the creation of jobs and sustainable economic growth.
“m:lab East Africa and PIVOT East are flagship activities of infoDev’s Mobile Innovation Program” says Valerie D’Costa, infoDev’s Program Manager. “They demonstrate how mobile technologies have lowered the market barriers for aspiring entrepreneurs and have led to viable companies. We will continue to work with our mLabs around the world as they propel positive, disruptive change.”
According to past finalists, PIVOT East is a platform that challenges them to accelerate and transition their ideas into viable products while providing investor and industry connections for useful growth partnerships. “Basically we entered the competition with just an idea and it helped us to build a product from the connections we got just by being finalists. We currently have a number of partnerships underway which look very promising,” says Josephat Mandara, CEO of Dephics systems from Tanzania whose TiMe Ticketing product was a finalist in 2013. Similar sentiments have been expressed by other alumni of PIVOT East.
infoDev joins other supporters of the East African Technology ecosystem such as Chase Bank, Intel, Facebook and Samsung as sponsors of PIVOT East in 2014.
infoDev is a global innovation and entrepreneurship program within the World Bank Group. It supports growth-oriented entrepreneurs through creative and path-breaking venture enablers, such as mobile labs, climate innovation centers, and other business incubators It assists entrepreneurs to secure appropriate early-stage financing; convening entrepreneurs, investors,policymakers, mentors and other stakeholders for dialogue and action. Apart from activities on the ground, it also produces cutting-edge knowledge products, closely linked to their work on the ground. infoDev will celebrate its 20th anniversary next year. Over the last two decades, it has had close to 250 incubation and innovation centers in its network.
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