Two (2) startups from the Wennovation hub and Descasio will be flying Nigeria’s flag at the inaugural Angel fair taking place on 26 & 27 September 2013 in Johannesburg, South Africa. These three startups – Ideacentric, OTG Playa and Descasio – were part of the 4 startups nominated by the Lagos Angel Network (LAN) to be part of the African-based startups that will be pitching to investors from different part of the world at the event. About 25 startups are expected to be present at this event taking place at Santon Convention Centre, Johannesburg, South Africa.
Why Angel Fair?
The idea of having the Angel fair came out of an informal lunch at the Global Forum on Innovation and Technology Entrepreneurship where Andile Ngcaba (Convergence Partners), Eric Osiakwan and other like-minded entrepreneurs sat down to discuss issues facing entrepreneurs in Africa in a way to finding possible solutions to them.
According to Jamie Clyde, the co-founder, Angel Fair, ”the idea was to create a network of angels who could provide early stage start-up fund and things like networks, mentoring and other contacts. We want to help people go through the classic cycle from idea to product to business more easily. In Silicon Valley, they know how to take care of all this. But in Africa, you need to provide what we are calling ‘mentor financing’; in other words all the things that wrap around the finance itself”.
We are working with our friends from the Lagos Angel Networks to bring you live update from the event. So, keep a tab on our twitter handle, @bits.
Update: 3 startups – Ideacentric, OTG Playa and Descasio – from Nigeria will be taking part in the Angel Fair as against 2 mentioned in the post earlier. Apologies for this error.
