The Baobab Network runs accelerator programmes that connect start-ups in Sub-Saharan Africa with consultants and investors around the world. Launched this year, the company has already run three programmes, working with teams from large corporates who seek professional development and to fulfil CSR.
The Baobab Network is building a community of start-ups, consultants and investors focused on driving growth and innovation in Sub-Saharan Africa.
Projects started in 2016 and focus on four key markets:
1. Corporate Partners:
We coordinate teams of top-tier professionals around the world that have worked in consulting, finance, tech or big business, partnering with companies that focus a significant amount of budget on the following:
- Citizenship & Corporate Social Responsibility: $US15.2 billion allocated by Fortune 500 companies (source: FT, 2014)
- Professional Development: US$130 billion (source: Forbes, 2014)
- Intrapreneurship & Internal Innovation: c. US$8 billion (source: PWC, 2014).
2. Impact Consultants
A 2015 Escape the City survey suggested that 55% of people wanted to leave their employer because of ‘a lack of impact and meaning in their work’, which has also been a clear learning from our projects.
3. and 4. Start-Ups and Investors in Sub-Saharan Africa
Disrupt Africa (2015) estimates that 125 tech start-ups raised funding of some kind in 2015, with the total value of investments reaching nearly US$186 million. Outside of Africa, over US$15 Billion was committed in impact capital last year worldwide.
So far, we have run three successful programmes in Kenya, where twenty consultants have flown in from seven different countries to work with six different start-up companies.