Hannover (Germany), June 2018.
GreenTec’s CFO Thomas Festerling was in Hannover this week to attend the CEBIT 2018 as a speaker well as representing GreenTec Capital as an official new member of the “Make IT in Africa” alliance.
Started in 1986, CEBIT is billed as Europe’s Festival for Innovation and Digitization, the event is one of the world’s largest trade exhibitions of computer technology. The event has been revamped to be a “trade fair, conference, and networking event at the same time.” GIZ’s Make IT in Africa program invited 17 start-ups participating in the platform to attend the event between the 11th and 15th of June in Hannover , providing them with the opportunity to present their solutions to an international audience. The invited start-ups included: AB3D, AgroCenta, Doctoora, Gjenge, GrassRoots Bima, instaPower, Just Smart, Kpeiz, MeshPower Rwanda, Micrive Infinite, PreDiagn, Sauti East Africa Ltd, Taimba, Tech Kidz Africa, Track Your Build, WeCode, Wheritics.
On the 11th of June, the Make IT in Africa program held an introductory event, with Parliamentary State Secretary, Dr. Maria Flachsbarth, welcoming the start-ups to CEBIT as well as announcing the induction of new members, including GreenTec Capital Partners to the Make IT Alliance, which already consists of members like Siemens, IBM, DHL and Orange to mention a few. The event presented excellent networking opportunities with Make IT program start-ups as well as Alliance partners and CEBIT attendees. We were very happy to meet some of the other Alliance members and feel very positively about so many prominent players in the tech ecosystem joining the Alliance. We are very pleased to join the Alliance as one of the few partners with financing experiences and we look forward to fruitful collaborations to help develop Make IT start-ups.
Day 2 in Hannover was the official start of CEBIT 2018, which opened up participation to a broader audience. Tom had the opportunity to present our approach of how we support startups with transformative company building to bridge the valley of death on one of the CEBIT stages along with DEG and GIZ, which brought our investment model to a wider audience. The Make IT initiative is located at booth C29 in hall 27 (if you have the chance, visit!), where 6 start-ups had the opportunity to pitch afterwards in front of investors at a small event held at the booth. The booth will be available until the 15th of June if anyone has the opportunity to stop by. GreenTec’s Ghanaian investees AgroCenta were also in attendance as a part of their participation in the Make IT program.
GreenTec was very impressed to see so many interesting business models, as well as entrepreneurs leveraging technology to solve local problems. Regarding the Make IT Alliance Thomas Festerling said: “With Make-IT we want to aggregate partners and resources that can be tailored to the individual needs of African start-ups through our transformative capacity building. Together, we can combine sustainable development impact with long-term financial success.
GreenTec looks forward to reviewing some new models we learned about and seeing if we can find one of Africa’s next leaders.