Popular mobile messaging chat app Line has got off to an interesting start. It was created by NHN Japan, with the Japanese and Korean team inspired by the tragic earthquake that happened in Japan in 2011. When SMS and calls were unreliable during the disaster, data messaging became the primary mode of communication. As Line’s popularity grew, the app was spun-off in February this year into the Line Corp subsidiary. Besides facilitating chats between users, it has truly become a ...
Have a sustainable business plan that needs funding? Emerging Stars might help you out. Operating mainly in emerging markets and driven by models of sustainability, the organization links entrepreneurs' products and services with international investors and distributors. Although the website was launched in 2008, the site's design recently got revamped into having "a sustainable business model" while also focusing on its "free business listings."
"Opportunities in Emerging Markets" reads the slogan of the company. The initiative was founded by Raymond ...
Founder and CEO of mobile ad network giant InMobi Naveen Tewari has come a long way. Tewari is an engineer by training, studied at Harvard Business School, and worked at consulting firm McKinsey. In between all that, Tewari also had some experience working in startups while he was in Silicon Valley.
Entrepreneurs being entrepreneurs, Tewari was very fascinated with the rapidly changing mobile internet. He wanted to build something which he could call his own. Tewari and his team started to ...
An article published by The Economist earlier this year, quoted research by the pressure group, Partnership for a New American Economy, which found that some 40% of Fortune 500 firms were founded by immigrants or their children. An earlier report in 2011 entitled Immigrant Founders and Key Personnel in America’s 50 Top Venture-Funded Companies concluded that more than half of America's top 50 private venture-funded companies -- as ranked by Down Jones VentureSource -- were founded by immigrants.
America's immigration policies ...
Prodigy Finance is a fascinating company. It takes elements of micro-lending, as well as some proprietary risk-assessment practices, and applies them to MBA students seeking out funding. The result is effectively a loan network comprising of top MBA students, and alumni (the investors) from around the world -- including high net-worth individuals from emerging markets -- who can invest in their region's future business leaders.
Founded by South Africans Cameron Stevens (CEO), and Ryan Steele (COO), the company is a registered ...
Is there a shortage of VC and angel funding in Africa? Pose the question to entrepreneurs and the answer is bound to be yes. Omidyar's latest report on African entrepreneurship found that 71% of respondents surveyed in South Africa, Ghana, Kenya, Ethiopia, Nigeria and Tanzania believe that there is a shortage of equity capital to start new firms. African financiers disagree, simply saying that many projects are not fundable.
Whatever the case may be, the International Finance Corporation estimates that ...
From 6 to 8 May, the massive global innovation event, re:pulica will feature both AfriLabs and GIZ (German agency for International Cooperation) collaborating in order to host The Global Innovation Lounge in Berlin. The Global Innovation Lounge focuses on showcasing technology innovation hubs in Africa, Latin America and Asia that have been booming as well as their inspirational success stories.
re:publica is an extremely popular event taking place in Berlin every year. As its motto stands “In/Side/Out”, the event focuses ...
Demo Day has come and gone for African startup accelerator 88mph and the ten startups that completed their intensive three month acceleration programme, capped off with a beautiful Cape Town sunset.
The ten startups that presented on the day began the programme three months ago, and through the process they moulded (some even changed) their ideas into marketable, scalable companies with the hopes of achieving follow-on funding.
Taking the rise of Africa's mobile market into account, 88mph ...
As the international economy recovers, the Latin American startup culture follows suit with an economic boom. Technology is becoming more readily available allowing ventures to be empowered autonomously. Also, features such as government initiatives encouraging entrepreneurship, or the general attractiveness of the startup culture is adding momentum. As mentioned by trendwatching.com in this report, both consumers and entrepreneurs are moving away from government associated jobs and services. At the same time governments in South and Central America are encouraging entrepreneurial ...