 | | Emerging Economies | July 28, 2017 |
Dear Subscribers,
Hope you've enjoyed reading last 3 editions of my Emerging Economies Startup Digest curated by me. This edition is the 4th edition and last one for the month of July. If you've any feedback for me to improve the content and quality, don't hesitate to email me directly. In this edition of EE digest, you will explore various perspectives on Emerging Markets economy from the eyes of a corporate investment, how an i-NGO like UNICEF is supporting tech startups, how the economic trends can get influenced due to strong geopolitics in Asia with the proposed OBOR, investments of Insurance & Banking giants, latest emerging technologies, investments in Nigerian tech startups, and what are the essential ingredients that makes Hyderabad (India) the next big startup destination.
Enjoy reading! If you've an amazing resource and want to see your resource in our next digest, I'd love to hear from you too. Looking forward to receive your feedback and resources. Submit it here. Have a great weekend.
Thank you.
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| | By Sindhuja Balaji - Forbes Asia Think startup in India and its Bangalore or Gurgaon that come to mind, but of late, the city of Hyderabad is making inroads as a major destination for entrepreneurs in India. One of the key factors in the growth of Hyderabad's startups is T-Hub, India's fastest growing startup engine and the country's largest startup incubator. T-Hub is fostering innovation and collaboration through three core business outreach programs. | | By Emma Okonji - This Day Live Google has announced its intention to invest a whopping $600,000 (N183.6 million) in four Nigerian tech startups, under the Google fourth Class of Launchpad Accelerator programme. Among the three African countries to benefit from the Google Launchpad Accelerator programme, four were selected from Nigeria, while one was selected from Kenya and one from South Africa. | | FinTech Books Contributor - FinTech Circle Despite of most emerging market economies having such weaknesses as limited financial infrastructure, lack of adequate regulation and transparency, low levels of financial literacy, unethical market participants behavior and the overall problem of income inequality all the above are great opportunities for emerging robo-advisors (particularly, independent online financial advisors). Robo-advisors will exploit these market inefficiencies in their business models and take the place of local FS ecosystem's natural regulators. | | By Rahul Mazumdar - The Hindu Business Line The OBOR initiative may act like a slow poison killing the domestic production capabilities of not only the emerging economies in Asia, but also those crisscrossing continents in Central Asia and Europe, making them heavily depended upon Chinese imports. Trade deficits are also about the jobs that we lose to overseas competitors. All these would have major political and economic implications. Given the debt situation in most of these OBOR economies in Asia, and their inability to repay the debt, could lead the Chinese acquiring equity possession of these large tracts of infrastructure projects and thereby making inroads into the geographic space. | | By Jennifer Surane - Bloomberg The Accion Frontier Inclusion Fund, which provides venture funding for financial firms serving emerging markets, has raised $141 million from investors that include JPMorgan Chase, Mastercard, AXA, Prudential and MetLife. Nonprofit microlender Accion International is the anchor investor. | | By Nafisa Akabor - Quartz Africa UNICEF, the United Nations' Children's Fund, is diversifying its approach to supporting vulnerable youngsters around the world, by launching a fund to back local tech startups in emerging markets. The $9 million Innovation Fund will support innovators from developing countries with projects that are open source and have a working prototype. Applications for funding will be assessed on criteria that includes strength of the team, the project's relevance to children and the ability to see potential future value in the open-source intellectual property being created. | |
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