Kenya’s MoDe named IBM Global Entrepreneur of the Year
VALUE ADDED SERVICESBy BiztechAfrica - Feb. 13, 2013, 2:58 p.m.
IBM has announced that MoDe was named the IBM Global Entrepreneur of the Year. Based in Nairobi Kenya, MoDe provides instant nano-credit for pre-paid mobile phone users across the African continent.
Nearly 80% of mobile phone users in growth markets do not have access to traditional banking loans and credit. MoDe’s innovative payment services ensure that people have access to mobile airtime when needed, while helping telecommunications companies increase efficiency and build brand loyalty.
“Being named the IBM Global Entrepreneur of the Year is a tremendous honour and will accelerate our ability to create new markets,” Julian Kyula CEO and co-founder, MoDe. “The access to clients and potential investors that we have had through the SmartCamp program would have taken our company 10 years to achieve on our own, with IBM it took less than six months.”
IBM SmartCamps connect startups with seasoned and successful venture capitalists, investors, and innovative business leaders, giving them the tools and insight needed to excel in their often nascent markets. Past participants have partnered with IBM to deliver new solutions to clients and have expanded into new markets. In addition, past participants have gone on to generate more than $90 million in investments from the venture community.
“Every day we are working with startups around the world to grow markets in big data, cloud and mobile computing,” said Jim Corgel, general manager of IBM’s Entrepreneur Programs. “We are thrilled to expand our relationship with MoDe as we bring new mobile solutions to our clients around the world.”
After qualifying in one of the more than 20 local SmartCamp events around the world, 8 finalists from 7 countries were selected for the Global Finals event. The finalists pitched their businesses to an audience of venture capitalist, serial entrepreneurs, academics and leaders in business and technology. After 2 days of mentoring and networking, a panel of judges selected MoDe on the strength of its product innovation, growing client base and alignment with IBM’s Smarter Planet initiative.
IBM’s SmartCamps are a significant component of the company’s Global Entrepreneur Program, which offers a variety of ways for entrepreneurs to grow their business, get access to leading experts and technology, and ultimately market their products faster. The Program operates with the goal of uncovering, fully developing, and commercialising innovations which create new business opportunities in industries and regions around the globe.
To learn more about the Smart Camp finals and the other startups from around the globe that participated in the event, visit the IBM SmartCamp blog: http://ibmsmartcamp.com/ or join the conversation on Twitter with #IBMSmartCamp.
MORE VALUE ADDED SERVICES NEWS
Safaricom offers free GoogleSafaricom now offers Google Free Zone, a new product that allows Safaricom mobile users to access Google+, Gmail and Google Search without incurring data charges. Read More
Safaricom marks 7 years of M-PESASafaricom is marking the 7th anniversary of the launch of its successful mobile money transfer service, M-PESA. Read More
SA’s Net1 launches MVC solution in USSouth African-based Net1 Mobile Solutions, a business unit of Net 1 UEPS Technologies, has launched its Mobile Virtual Card (MVC) technology with selected partner, Pay in Private, in the United States. Read More
NSE introduces enhanced notification system via mobile, emailThe Nigerian Stock Exchange has enhanced its notification system, with alerts to be sent to investors by phone or email each time they buy or sell a security. Read More
Digital music worth $9bn this yearMahindra Comviva and Ovum Consulting predict that India, Africa, Latin America and South East Asia will be exceptional markets for digital music growth. Read More
MasterCard, Etisalat celebrate award-winning partnershipEtisalat Group, the leading telecoms operator in the Middle East, Asia and Africa, has celebrated an enduring partnership with MasterCard that has brought award-winning technologies to the market. Read More
Airtel Kenya to empower farmers via mobileAirtel Kenya has established a Farmer's Information System to provide real-time information to Kenyan farmers through its mobile network in the country. Read More
MTN, ECOBANK expand cardless mobile money ATM servicesGhana's leading telecommunications provider, MTN and Ecobank, The Pan African Bank, have partnered to extend cardless ATM services to Ecobank ATMs across Ghana. Read More
Annual wagers on mobile casinos, poker to exceed $60bn in 2018A new report from Juniper Research has found that annual wagers via mobile handsets and tablets on casino-type gambling and poker games are expected to reach $62 billion globally by 2018. Read More
MoboFree gets growth funding from eVentures Africa FundNigeria’s MoboFree has raised significant growth funding from Netherlands based eVentures Africa Fund (eVA Fund) in order to expand its local presence in Lagos and Accra, start new offices in East Africa. Read More
FEATURED STORYMACRA demystifies spectrum management
Malawi's regulator explains the issues around spectrum allocation. Gregory Gondwe reports.
BEST READ NEWS
IN DEPTHYouthConnekt launches Mobile Apps for Human Development Challenge in Rwanda
Rwanda’s Ministry of Youth and ICT and the UNDP, in close collaboration with Motorola Solutions, will power a Mobile App Challenge that will be implemented by YouthConnekt.