VC4Africa is a new online platform that joins a thriving landscape of investment ties between the Netherlands and the African continent. VC4Africa aims to connect innovative entrepreneurs with access to knowledge, markets and capital that creates capacity to scale. There is a large network of organizations focused on the SME financing in the African continent coming out of the E.U., such as BID Network focusing on matching entrepreneurs with angel investors and funds such as In Return Capital which invests in SME’s in East Africa.
Yesterday, directly after Kevin and Frank had met with Rien van Gendt, Kevin and I met with Ben White founder of VC4Africa. Ben White is a passionate lifelong entrepreneur who has found himself living in Amsterdam for the past three years, but focused primarily on the African space. Ben provided us with a better insight why he started VC4Africa. His hope is to create a “Facebook for SME financing” in Africa to give prominence to a huge network of entrepreneurs with the opportunity to be the main driver of Africa’s economic growth.
SOCAP/Europe will provide a real time platform for investors from around the world to hear from these innovative organizations and to see if there is a “science of start-ups” in the developing world.