innovate durban keynote presentation - philip kiracofe - 7 july 2016

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

PHILIP KIRACOFEphilip@horizenventures.com

philip@startupbootcamp.org