Jua has so far received over 500 applicants from across Africa. This is a view that is shared by SIMBA, which we will now use to benefit the African entrepreneurs and start-ups who are growing economies across Africa and creating jobs.”Īpplications close on January 31. “It is not foreign investment that will provide us with a seat at the global table, but domestic investment. As an African entrepreneur who has experienced the gruelling journey of establishing businesses, I firmly believe that Africa’s destiny lies in the hands of Africans,” he said. gathered from tweets and Kickstarters projects/backers graph. This is an example of how Africans can work together to solve the challenges facing the continent. However, only one out of two Kickstarter campaigns reaches its funding goal and is successful. “SIMBA Global Startups has pledged to match, like-for-like, our contributions, which is absolutely incredible. Molai said the added capital will allow the fund to make bigger investments in enterprises as well as fund more businesses.
The fund has now doubled in size after a further US$1 million was pledged by US-based angel investing and mentorship firm SIMBA Global Startups – bringing the total investment amount available to US$2 million. Molai, who has successfully started several enterprises across Africa and whose TRT Investments had US$125 million of assets under management as of the end of 2019, says a desire to inspire the continent’s entrepreneurial generation was behind the creation of the fund.
Plus, the design in itself is beautiful, simple, and elegant.The Jua Kickstarter Fund, a fund to provide African entrepreneurs with capital to kickstart or expand their enterprises, has doubled to US$2 million in size.ĭisrupt Africa reported in December industrialist Adam Molai had launched the US$1 million Jua Kickstarter Fund to provide successful applicants with funds to launch or grow their businesses, as well as mentoring and guidance. Kickstarter is an excellent app that offers everything you'd expect from the crowdfunding service's official app. You can start supporting any of them in just a touch. You can also use different search tools in the app to find new interesting projects. The official app makes it easier to find and follow the new projects and campaigns released every day.Īs a user, you can log in and keep track of the campaigns you've financed. In the last few years, Kickstarter has become a reference in the crowdfunding world, and tons of projects have been completed thanks to it: books, documentaries, video games, smartwatches, and even video game consoles. When you download a video from YouTube, it will automatically make your video small enough to be uploaded to Kickstarter. From this official app you can follow and keep up with all the Kickstarter campaigns you're interested in, find new ones to support, and even change your pledge at any time. Kickstarter is the most widely used and successful crowdfunding platform in the world.
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