Nairobi, Kenya, April 29, 2014 - 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 and Samsung as sponsors of PIVOT East in 2014.
About Pivot East:
PIVOT East is East Africa’s premier mobile startups pitching competition and conference held annually since 2011. The competition is comprised of a series of activities that culminate in the finalists conference. This year’s finalists conference will be held on the 24th and 25th June 2014 in Nairobi, Kenya after a successful event in Kampala Uganda in 2013.
About 75 mobile startups from across East Africa have participated as finalists of past PIVOT East editions. And 20% of them have cumulatively raised over $4.7million in funding after their participation in the competition.
About m:lab East Africa
m:lab East Africa is a regional mobile applications laboratory for East Africa. It services mobile entrepreneurs in the region by offering business incubation, developer training, application testing, ecosystem building and market research.
m:lab East Africa’s mission is “to facilitate demand-driven innovation by regional entrepreneurs, ensuring that breakthrough low-cost, high-value mobile solutions can be developed and scaled-up into sustainable businesses that address social and economic needs.
m:lab East Africa was founded in late 2010 as a consortium of four organizations namely; eMobilis, World Wide Web Foundation, The University of Nairobi School of Computing and Informatics, and iHub.
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.
For more information contact
|Egra Ombati||infoDev / World Bank: Angela Bekkers|
|Communications Lead - m:lab East Africa||Sr. Communications Officer|
|Email: email@example.com||Email: firstname.lastname@example.org|
|Tel: 0720 669697||Tel: +1 202 458 8831|