Two teams that developed projects for a two-day hackathon in May hosted by Ethiopian-Israeli nonprofit Tech-Career and sponsored by African Tech Got Next (ATGN), have won an all-expenses-paid trip to Ethiopia to showcase their tech and take part in the annual SolveIT Innovation Competition in Ethiopia’s capital Addis Ababa.
African Tech Got Next (ATGN) is a global series on African tech entrepreneurship under the Kudu Ventures umbrella. Tech-Career is an NGO that offers technical training programs and courses to Ethiopian-Israelis.
The Solve IT Innovation Competition, taking place from August 13 to 16, is an annual nationwide innovation competition that provides a platform the creation of tech and innovation projects and activities. The competition, in partnership with the US Embassy in Ethiopia, is a two-week intensive tech start-up bootcamp for participants, and includes a reception with the President of Ethiopia Sahle-Work Zewde, visits to private sector incubators,
and a pitch event with potential investors.
This will be the first Ethiopian-Israeli delegation to take part in the Solve IT competition bootcamp.
The winning projects headed to Ethiopia are mobile applications that combine Ethiopian cultural practices with innnovative tech, offering services that respond to the needs of the African population.
The first is BunaTrip, a travel app that helps locate Ethiopian-founded businesses abroad and Ethiopian families interested in hosting visitors abroad, tapping into an Ethiopian disapora that numbers over five milion.
The second is Kube, a fintech solution for the Ethiopian population. Historically, Ethiopians didn’t use banks for finances. Instead, they had “Kube,” a traditional loan system in the Ethiopian community, where family and friends who held large gatherings manually raised communal funds, ensuring mutual responsibility. The Kube app automates this traditional practice, using technology instead of pen, paper, and written contracts, to manage meetings and funds in an efficient and orderly way through a mobile phone.
“We take responsibility and it is our goal to make sure these innovators have all the access they need to be successful in the Ethiopian market and beyond,” says Noel Daniel, founder and partner at ATGN and Kudu Ventures respectively.
The Solve IT program which runs the Solve IT innovation competition was developed by Ethiopian tech company iCog and offers training and mentorship to young Ethiopians across the country. The program is the brainchild of Ethiopian tech pioneer Betelhem Dessie, is designed to build an inclusive startup ecosystem in Ethiopia. In 2019, the initiative received a 5 Million Birr investment from Kudu Ventures to launch an accelerator program.
Solve IT is funded by the US Embassy in Addis Ababa and Japan International Cooeration Agency (JICA).
Published at Tue, 13 Aug 2019 12:51:41 +0000