Techbiz Webinar Q&A Presentation - Roadmap to 2025.pdf
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The document outlines challenges faced by African startups, including inadequate infrastructure and a high failure rate due to product-market fit issues. It emphasizes strategies for success, such as market analysis, agility, and fostering collaborations to navigate the competitive landscape. Ultimately, it argues that resilience and adaptability are essential for startups to thrive in a dynamic environment and contribute significantly to Africa's economy by 2030.
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Techbiz Webinar Q&A Presentation - Roadmap to 2025.pdf
- 1. ROADMAP TO 2025 Innovating and scaling in uncertainty Victor ‘Gbenga Afolabi Founder, Eko Innovation Centre
- 2. Insights 01 02 04 According to AFDB, the lack of adequate infrastructure and support services, such as incubators, accelerators, and mentors impedes startups' growth and success African startups will contribute $2.6 trillion to the continent's GDP by 2030. This highlights the impact that these businesses can have on Africa's economy. (McKinsey) 61% of startups fail. Failures are attributed to product-market fit challenges and mismanagement of funds (Statista) 03 The United Nations projects that Africa's population will reach 2.5 billion by 2050. 05 According to Veriv Africa, the Nigerian naira is expected to continue to weaken in 2025, which will impact the use of infrastructure by startups
- 3. Strategies For Startup Success Identify and analyse the gap in the market and the market in the gap. UNDERSTANDING THE MARKET Test key business assumptions in a controlled environment to ensure viability, reducing the risk of misaligned investments in time and resources. VALIDATE BUSINESS MODEL ITERATE Flexibility and resilience enable startups to adapt proactively to change, drive innovation, and maintain a competitive edge. This approach strengthens their ability to achieve sustainable growth in dynamic business environments. FLEXIBILITY AND RESILENCE Adopting an agile development approach allows startups to respond quickly to market shifts, iterate on products based on user feedback, and stay ahead of the competition.
- 4. Structural Analysis of Industry Structural analysis of an industry entails examining the core components and dynamics that define its competitive landscape. Key elements of this analysis include: Market Structure Barriers to Entry Threat of Substitutes Regulatory Environment Technological Factors
- 5. Reinventing Re-inventing Success - Key to Sustenance Sigmoid Curve
- 6. Conclusion Navigating the tech landscape is a journey of challenges and opportunities, but startups can thrive with the right strategies. By understanding the ecosystem, embracing agility, fostering collaborations, and positioning themselves strategically, they can pave the way for success. In an innovation-driven world, resilience and adaptability are key to making a lasting impact.
- 8. THANK YOU! @Vgafolabi @Vgafolabi @Victor Gbenga Afolabi @Victor Gbenga Afolabi Connect with me