Africa has made great strides recently in fulfilling its dream of becoming a launchpad for innovative high-tech companies. Africa remains a conducive environment for tech entrepreneurs because of its young population and the tremendous opportunities for digital innovators to use Artificial Intelligence and other emerging technologies to improve access to education, health care, financial services and energy.

Being an entrepreneur usually means starting and building your own successful business, although people with entrepreneurial skills can thrive within larger organizations, too. Entrepreneurs generally take a creative, innovative approach, and they may take risks that others would avoid. Entrepreneurs play a key role in any economy, using the skills and initiative necessary to anticipate needs and bringing good new ideas to market.

Running a business requires a great deal of capital. Capital can take different forms, from human and labour capital to economic capital. But when most people hear the term “financial capital,” the first thing that comes to mind is usually money. That’s not necessarily untrue. Financial capital is represented by assets, securities, and yes, cash. Having access to cash can mean the difference between companies expanding or staying behind and being left in the lurch hence why Capital plays a crucial part in the Entrepreneurial journey.

A minimum viable product (MVP) is a concept from Lean Startup that stresses the impact of learning in new product development. Eric Ries defined an MVP as that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.

The Entrepreneurship World Cup is a program that empowers entrepreneurs at all levels which helps them reach the next stage in their journey. It combines a massive pitch competition with access to a global platform with virtual training resources, targeted mentoring, valuable perks, potential investment, and a shot at life-changing prizes.

Compliance is one of the best ways to manage risks that are inherent to startups because non-compliance to regulatory requirements will result in paying fines, restrictions on operations and licence revocations. Therefore, it is important that startups observe compliance guidelines to ensure smooth operations. In this huddle, we will aim to give startups a quick guide to compliance for startups discuss how this can be done in a cost and resource-effective way.