Thursday, May 29, 2008

Where are our University Startups?

Mfonobong Nsehe asks? in an American Chronicle article:
Are there any universities at all which are as supportive of student entrepreneurs as to organizing business plan competitions to fund businesses of students which have mega potential?...Where are you going to find venture capitalists in Kenya or elsewhere in Africa who will be willing to swallow their pride and listen to a student entrepreneur who is armed with nothing but a world-shaking idea?

He believes that:
We have such bright student entrepreneurs in Africa. But until African financiers and the self-proclaimed 'Venture capitalists' are easily accessible and listen to student entrepreneurs in our African Universities, Africa may never have its own answers to such mega, internationally famed corporations like Google, Yahoo, TicketAdvantage, CollegeHumor and Facebook which were all the brainchildren of student entrepreneurs. We need financiers who will believe in and support the dreams of African student entrepreneurs and get those big ideas out of the boxes and into the pages of history. African student entrepreneurs are equally as smart, gifted and visionary and if supported can come up with big, world-changing ideas that would change the world.

And so, will the venture capitalists in Africa please stand up?

via eikonne

3 comments:

One Ghana Save said...

These "pan-africans" (living abroad) are going to drive me up the wall. Ebei!Complaining and more complaining. A better question would be-where is your university start-up? This generalization of Kenyans and Ghanaians and Nigerians and Africans for that matter is tired, seriously. When there is something negative, it becomes "Kenyans", "Ghanaians" "Africans", when it is positive, it becomes Mr. So-so and so. You are just creating mental blocks for yourselves. Just because you haven't heard of any university start-ups hardly means there aren't any--it just means you haven't heard of any. This implies that it might be better for you to start one if you think it is so important, or just be quiet,since you don't care, unlike the people who aren't complaining, but setting up some.

A Ghana Save said...

And if you are brain-drained abroad, you are part of the problem, not the solution. It boggles the mind how one can be complaining about a problem they are exacerbating, contributing only talk, talk and more talk. The year is 2008. People have no more civil wars/political unrest to give them excuses for leaving their countries.

Techmasai said...

that is a question which i also asked myslelf, but it has to do with the fact that there iss a brain drain and not much is being done to encourage innovation