Tochukwu Egesi, Chief Executive Officer and Co-founder of Innovation Corner, one of Nigeria’s fast-rising social innovation centre has joined other tech talents across Africa for the first Go Global Africa Programme in London.
Go Global Africa Programme is a hugely successful innovation scheme which supports startups to improve their business skills and capability, build links with the UK’s thriving tech sector and work with UK expertise to take their firms to the next level.
It is aimed at creating a mutually beneficial partnership with Africa which helps develop new tech to solve local and global issues and pave the way for future trade.
Tochukwu Egesi alongside nineteen other tech talents from Nigeria, Kenya and South Africa were selected as the most innovative and exciting development-focused startups to take part in the first Go Global Africa programme. The startups, selected from more than 400 applicants, are developing cutting-edge products and services in industries including fintech, healthcare, agritech and water management.
The programme is part of the ambitious new UK-Africa Innovation Partnerships announced by Prime Minister Theresa May in August 2018. It was started by the UK Israel Tech Hub and over the last four years it has helped develop new UK-Israel collaborations in the digital economy. According to the most recent report on its impact, the UK Israel Tech Hub has led 175 tech partnerships in deals worth £85 million.
Not only does the scheme help firms in the host country but it also plays a vital part in making links for UK startups in these new markets. And with young populations, five of the world’s fastest growing economies and a thirst for innovation, Africa is a continent alive with opportunity.
Digital Minister Margot James said:
“It is fantastic to welcome these talented entrepreneurs to the UK. Africa is a vibrant and dynamic continent, with huge potential for growth, and the firms chosen for the first Go Global Africa programme see tech as a force for good in society.
I’ve no doubt they have the talent to play a transformative role in their country’s growth while also building connections for UK startups in new markets and highlighting Britain as the place to develop new technology.
They will receive coaching from pitching experts Enterprise Academy, a public speaking masterclass, and advice on scaling up from PriceWaterHouseCoopers dedicated startup team and the Natwest Fintech Accelerator.”
The tech sector is one of the fastest growing sectors in Africa. The continent’s startups raised 50 per cent more venture capital in 2017 than in 2016, and the majority of this is being invested in South Africa (£130 million), Kenya (£114 million) and Nigeria (£89 million). Nigeria and Kenya’s technology sectors are growing rapidly and generate more than ten per cent and 11 per cent of their respective economic output.