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Mobile Impact Ventures Program Demo Day

On 9th December 2014, m:lab East Africa hosted a Demo Day to celebrate the journey of four high impact ventures from our accelerator program called Mobile Impact Ventures Program. The event dubbed “Demo Day”  saw the four impact ventures namely; Afya Mobi Solution, Mbegu Capital, SokoNect and Tumakaro showcase their product and solution to investors, key leaders in the industry, possible growth partners and potential customers.

The Judges for the Mobile Impact Ventures Program Demo Day

The Judges for the Mobile Impact Ventures Program Demo Day

The Mobile Impact Ventures Program (“MIVP”), is m:lab East Africa’s accelerator program for ventures with innovative solutions in agriculture, health & water and education. The program is backed by the Rockefeller and Tony Elumelu Foundations, through the Global Impact Investment Network’s (“GIIN”) and Africa Impact Economy Innovations Fund (“IEIF”). More information about this support is available here.
Tumakaro showcasing their solution to Samantha one of the Prototype judges during Mobile Impact Ventures Program Demo Day

Tumakaro showcasing their solution to Samantha one of the Prototype judges during Mobile Impact Ventures Program Demo Day

The second cycle of the program started in September 2014 after successfully completing the first cycle of the program in July 2014. Selected startups for the program went through an intensive business masters classes, coaching with business experts and mentorship with sector specialists. Other interventions included meetups with domain practitioners for knowledge exchange and to build the ventures’ social capital. Also offered by the program was needs based coaching and training on mobile technologies. The ventures also got support on user experience and graphics designs for their products.
Josiah Mugambi Executive Director iHub awarding a certificate to Sokonect one of the winners of the Mobile Impact Ventures Program

Josiah Mugambi Executive Director iHub awarding a certificate to Sokonect one of the winners of the Mobile Impact Ventures Program

The Mobile Impact ventures Program Demo Day featured prototype judging where the startups demonstrated to the judges how their products and solutions work and then pitching session. The event attracted four judges among them investors and key leaders in the ecosystem. Four startups pitched their startups with two of them, Tumakaro and Sokonect winning a small cash investment of $5,000.
Tumakaro team showing off their certificate after winning the Mobile Impact Ventures Program

Tumakaro team showing off their certificate after winning the Mobile Impact Ventures Program

Below are the startups with a brief description of what they do; [att_container type=”accordion”] logo mbeguMbegu Capital is developing an SME Peer to Peer online Lending platform and mobile application that will support Kenyan SMEs in the agribusiness sector with post revenue track records, raise debt and equity capital by matching them with local retail and institutional investors. Follow them on twitter @MbeguCapital    [divider type=”nomargintop”] logo sokonectSokoNect is developing an agribusiness tool that provides small scale farmers with a platform to sell their products at the comfort of their farms using their phones.  Follow them on twitter @sokonect    [divider type=”nomargintop”] tumakaroTumakaro is developing an online service that enables parents and well wishers living in the diaspora to easily pay school fees for their dependants in Kenya in a fast, secure and convenient way. Follow them on twitter @tumakaro    [divider type=”nomargintop”] afyaAfya Mobi is developing an interactive Sms and web based platform that provide timely, accurate and cost effective information on safe sex and family planning to women of ages 15 to 45 years. Follow them on twitter @AfyaMobi    [divider type=”nomargintop”]    

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