In the West we use apps for shopping, taxi, online banking and much more. Africa needs its own solutions, relevant to their needs and local settings. And who is more knowledgeable than the African entrepreneur?
Leap 2 is part of the new strategy of Close the Gap. This program supports young African entrepreneurs developing and scaling digital solutions for societal issues. Concretely, Close the Gap organises innovation challenges with GoodUp. For example: ‘Of the 600.000 motorbikes in Kenya, 12.000 are stolen every year. The finalist of the first innovation challenge (in Kenya Spring 2017), Btrack Global helps resolve this issue by installing a tracking device into the motorcycle’.
Per innovation challenge, 10 projects are selected and coached. The selected teams learn to test their ideas on the market through crowdfunding. They receive matching funding when they reach their crowdfunding goals. In addition, they learn how to pitch and expand their network with the help of experts, coaches and potential investors.
‘These innovations help us realise the sustainable development goals. In many areas we see that Africa is leapfrogging’. says Olivier Vanden Eynde, Founder and Managing Director
The second innovation challenge was recently launched and focuses on FINTECH. Finals to be announced on February 25, 2018. Check out Leap-2.com for more information.