Consultation for the Korea-Africa Startup Idea Contest
관리자 / 2021-02-01 오후 3:59:00 / 1546Consultation for the Korea-Africa Startup Idea Contest
In July, the Korea-Africa Foundation selected a team of university students and youth with innovative startup ideas related to Africa, to participate in the 2020 Korea-Africa Startup Idea Contest.
The participating team first conducted up to 10 domestic consultations over the past 3 months with domestic African business experts and consultants in start-up related fields such as BM, marketing, finance, investment, and law. Through the tailored consultation for each team, they had an opportunity to improve their understanding of the African market and continuously develop suitable items or products.
Since then, written consultations and follow-up interviews online have been held with specialized African institutions such as 22 on Sloane in South Africa, the East Africa Private Equity and Venture Capital Association (EAVCA) in Kenya and GEN Nigeria in Nigeria. This served as an opportunity to explore the possibility of commercialization and discuss solutions through practical advice from African experts.