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The Brief - A Beta Collective Newsletter
February Issue - Creating Companies in Frontier Markets.
Our monthly Newsletter focuses on Africa-focused products startups and Entrepreneurs. All our community events and featured companies have also been included. Also get the scoop from our last event in Houston.
About a week ago the business giant Clay Christiansen passed away. I knew of him, in a very general sense. But his passing caused me to learn a lot more about his legacy. I discovered he recently published The Prosperity Paradox, and with a bit of research, also learnt that one of the coauthors Efosa Ojoma, was featured on an episode of HBR’s Ideacast that just happened to be in my Spotify queue. The episode is titled How Innovative Companies Help Frontier Markets Grow.
Efosa Ojomo, global prosperity lead at the Clayton Christensen Institute, argues that international aid is not the best way to develop poor countries,
One of the ways to implement Market innovative solutions in frontier markets is to go through the non-consumption route. The non-consumption idea is essentially the fact that people need a certain product, but they aren’t using the product, because of a lack of access due to cost or being too technical.
The main point of this episode was essentially how you can build a company and simultaneously help build a nation in frontier markets.
Take for example the Sudanese entrepreneur Mo Ibrahim’s who built a Telco’s company in a continent with very low overall penetration in the use of cell phones. Part of the reason for this Non consumption of mobile phones was a lack of access. This was due to a lack of infrastructure and the cost of cell phone for the average middle class individual.
So he went on to create the infrastructure, educate the workforce and employed thousands of people. And in less than a decade had created a product and industry that’s worth over 200 Billion dollars to the African Economy.
>>>>>Continue reading Article on Medium.
Our monthly Newsletter focuses on Africa-focused products, startups, and Entrepreneurs. All our community events and featured companies have also been included in the newsletter. Also, get the scoop…
Sign up for a Pow-wow session
Members are entitled to free one on one strategy sessions focused on Business fundamentals like whether you are trying to start a new business or looking for ways to improve your value chain or improve your competitive advantage, there’s something for every stage. There are 8 available sessions, for Feb, please use the same email you used to sign up for your Beta Collective membership. Also please limit to one session per month.
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Companies Seeking Investments and Mentors
Stage: Post - Revenue
Region: West Africa & East Africa
Founder: Celestine (@celestocalculus)
Startup Plug is an online platform that curates over 1000+ tools and resources to help accelerate a startup’s journey especially those based in Africa.
Stage: Early stage
Founder: Yewande O. (@yewiedewie)
Podcast - Beta • Mode
We will Launch our Beta•Mode podcast in February, and our first season will be themed around entry into and operations in frontier markets such as Kenya and Nigeria. We’ll also talk to founders and entrepreneurs about getting their first customer, pretty much what it took to get that first check.
Our first episode will be published on the 2nd Wednesday of Feb (12th) on all your favorite platforms.
Eventbrite - The Beta Collective presents Customer Journey Mapping: A hands-on exercise - Tuesday, February 11, 2020 - Find event and ticket information.
Eventbrite - The Beta Collective presents Fireside Chat: Startups in Africa - Myth vs Reality (Houston) - Thursday, February 20, 2020 - Find event and ticket information.
Eventbrite - The Beta Collective presents Fireside Chat: Startups in Africa - Myth vs Reality (Austin) - Thursday, February 27, 2020 at Capital Factory, Austin, TX. Find event and ticket information.
January's Event Recap
Mix and Showcase
Founder of ScholarX
Pitched SkillShare A new product by ScholarX.
where students can get funding for skills acquisition
looking for mentors, partnerships, training opportunities.
Profitable podcast: his company helps people edit podcast
app: damixhub by Jude
Looking for Collaboration
help kids learn about stats
Anyone can report on any game
Pediatrician interested in health literacy, having more health representation in kids books. Interested in getting more interested in the health ecosystem.
World Diaspora: travel/tourism to Africa
Nasare technologies (Nasaritech): Hardware and Software
Interested in investing in the African startup ecosystem.
Background in Coffee
Former Fibre COO
Looking to network and connect
Technology consultant, serial entrepreneur; background in real estate, healthcare
Hair product company
Looking for partners and looking to invest in profitable companies looking to grow
awareness for mental health. Has an interested in fiction.
web series handle on twitter: @btwnclasses
Ukeme (Writer of this Newsletter)
Organizer of The Beta Collective
Currently building a coffee business - Edisana.co
Ways to connect with Beta Collective
Slack: Slack Group
Linkedin: Follow Here
Join The Houston Meetup Group: https://www.meetup.com/The-Beta-Collective/
Join the Austin Meetup Group: https://www.meetup.com/The-Beta-Collective-austin/
And there’s me the organizer, you can connect with me via twitter.
The latest Tweets from Ukeme D. (@DrKemzz). Building a global collaborative community for African Entrepreneurs. Chicago | Lagos | Austin
Featuring conversations and creating dialogue about the non-glamorous, behind-the-scenes processes and strategies involved in building in the African Business Ecosystem.
Our mission is to build a global collaborative community
around Africa focused entrepreneurs in order to provide resources need to scale and create social impact.
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