Angel Fair West Africa, March 30th to 31st

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March 30th to 31st, the first Angel Fair West Africa will be held in Lagos, Nigeria!

Around 100 entrepreneurs and investors from across Africa and abroad are invited to come together. The event is organised by the Angel Africa List together with the Lagos Angel Network and the African Venture Capital Association. We had a chance to catch up with Angel Fair Africa organizer and VC4Africa member Eric Osiakwan, Ghanaian entrepreneur and angel investor who is also part of VC4Africa’s advisory board.

“It was a successful experiment in bringing entrepreneurs and investors together and setting in motion the process for deals, but did not crack the code of instant deals. A manifestation of a nascent industry that would develop over time.”

 

What are the success stories from this previous event?

“Two of the startups have closed deals and would announce them soon. Four other businesses are in the negotiation process of investments.

Some of the businesses have created partnerships to leverage each other. One of the startups has built leverage for their North American holding company, which is leading to their African expansion. Most of the startups have gotten mentors who are helping them to grow their business and be better position for investment in the near future.

We have successfully created a platform that brings the investors and entrepreneurs together to kick start the process of investment and collaboration. Our collaborative approach builds on existing process like that of VC4Africa, Pivot East, DEMO Africa etcetera to make deals happen.”

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