Emerging Economies | December 08, 2017 |
Emerging Economies are ripening. Good news from around the world that shows breakthrough technology adoption, Interesting numbers for VCs and the building of strong foundations.
This week in Emerging Economies Digest the curation is around ecosystems and a couple of category reads: Sanitation Economy and Blockchain; looks varies and wild exactly like the Emerging Economies. Africa to Armenia, stopover at China and India and a little in between!
Enjoy your Digest and share if you think we have done a good job.
Cheers.
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| | AllAfrica The DEMO conference, which originated in North America, serves as a launchpad for Africa's emerging technology and trends. It is one of the largest startup events on the continent, and has established a powerful international network that attracts a global audience of innovation and investment stakeholders. | | Alan Wheeler Over 1300 direct and indirect jobs in Lebanon and a US $8.5 million worth of deals in the UK. "I am delighted that at least six of the 77 companies operating in the UKLTH now have a permanent presence in the UK, creating jobs, generating revenue, buying services from UK businesses, and paying tax in the UK, all while remaining rooted in Lebanon." | | RAJ NANDY - World Bank Start-ups in emerging markets are disadvantaged when it comes to accessing mentors and mentorship programs. The infoDev Climate Technology Program has been working to fix this challenge and recently launched two mentorship pilots in partnership with Climate Innovation Centers in Ghana and the Caribbean. | | BEN SCHILLER - Fast Company From building toilets to recycling waste, there are many ways to serve the 2 billion around the world without toilets.As a new report shows, there are big gaps for startups and big companies to fill with new services and business models, and tremendous potential to make money and do good at the same time.
| | Joel John - Inc42 The rise of blockchains could create a measurable impact amongst the world's poor. However, it is not to be seen as the holy grail that fixes all problems. Systemic issues owing to culture, geography and community barriers will hinder the rate of adoption. Porting the world's poor towards immutable ledgers will not be solely about culture but a disruption of the systems and processes conventional finance has set in place over decades if not hundreds of years. What we have now is the foundational layer for this change to occur in poorer sections of the society. And that's pretty much it. | | Shelley Singh - Economic Times After an initial burst of exuberance in startups, the industry is beginning to moult. Risks are better understood, founders focus on unit economics instead of vanity metrics or gross merchandise value (GMV). Among India's startups, the men are finally being separated from the boys.
Entrepreneurs getting funding these days are older people with experience, mapping a clear path to profits and who rely more on niche, B2B models than risking capital in internet consumerism. The number of funded ventures has fallen dramatically. There's no capital squeeze, but angels aren't opening purse strings right after a squeaky clean presentation. They insist on verifying if the idea has sufficient long term planning.
| | Benjamin Cavender - China Plus China's World Internet Congress offers a huge chance for Chinese companies to showcase the technology that they have been developing and implementing over the last 12 months and to illustrate just how far internet giants like Alibaba and Tencent have gone in terms of turning China into the world's most innovate internet economy. | | Narine Daneghyan talked to Rina Onur Photos by Emin Aristakesyan - Itel.am One thing that's interesting about Armenia is that the entrepreneurs in a lot of bigger countries (in terms of population) tend to focus on building regional or local businesses, because they think their home market is big enough. With Armenia, the population is not that big, a lot of really highly skilled and talented engineers start from day one to create something that's global, which is really exciting. Look at what PicsArt has achieved!
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