Global Entrepreneurship Week is a celebration of the innovators and job creators, who launch startups that bring ideas to life, drive economic growth and expand human welfare. During one week each November, GEW inspires people everywhere through local, national and global activities designed to help them explore their potential as self-starters and innovators.
These activities, from large-scale competitions and events to intimate networking gatherings, connect participants to potential collaborators, mentors and even investors—introducing them to new possibilities and exciting opportunities. Millions who had never before considered launching their own ventures soak up advice and inspiration from the likes of Richard Branson, Michael Dell and Muhammad Yunus
On 25th October 2017 iRise hub in collaboration with Shaqodoon Organization conducted entrepreneurship training and competition for young students from four universities in Mogadishu to take part in the Global Entrepreneurship Week Somalia that will be held in Mogadishu.
IRise hub provided a platform for the team’s graduation projects to be transformed to startups and business enterprises. We took them through a 5 day design thinking boot camp to teach various aspects on how to build a product and service that fits into market, branding and marketing and how to pitch to an investor.
Furthermore, the teams managed to get help in marketing and branding for the DEMO day. The four team did well in re-branding their projects and pivoting it to become a business that is ready for investment.
The training was instructed in Somali language, allowing students to interact and exchange with trainers and understanding every step of the Stanford design thinking process.
The DEMO day was on Wednesday 29th 2017 and was held at Afrik Hotel located at KM4 Mogadishu. The event was attended by more than 200 people and graced by government officials, university representatives, civil society and university students.
The startups pitched in front of a panel of experts. Professor Yasin M. Barqadle Senior Vice President Academic affairs,City University,Awil Osman,CEO and co-founder of iRise hub and Abdulqadir Hassan Nuur,Real Investment Manager,Premier Bank Somalia. The experts analyzed the pitching and the business viability of the startups and ranked the startups the following:
E-badeeco, a multipurpose cloud based inventory platform for retail stores. It provides seamless management for multiple stores and can be easily integrated into 3rd party hardware and software.
Zakeeye, a real time Zakat calculation and payment platform. The service delivers precise and correct calculation of your Zakat. The service is integrated with the Islamic sharia
E-codeey: A secure and simple multipurpose real time online voting platform. It’s both web and sms based. It can be used for university, regional and national elections. It can also be used for polls and surveys by private, public and civil society organizations.
Holie is a wireless enabled lock system that enables home owners open and locks their doors using their phone. The hardware can be integrated into doors that are locally made or imported.
E-badeeco emerged to be the winner of the Global Entrepreneurship Week Somalia 2017 DEMO day and has been awarded $3000. The team received applause from the crowd and everyone in the hall took pictures with them and offered their personal congratulations.
The winner of the competition, e-badeeco will be incubated at iRise hub to continue improving their product and increase their market traction.
While this was our first time to coordinate a similar event, we are committed to continue and equip and mentor these startups into more sustainable businesses that create job opportunities and compete at global level. In doing so, we are launch a new tailored incubation program for the existing startups in Mogadishu. The incubation program will start in January 2018 and the call of application will be launched soon.