Seedstars World is a Geneva-based company that holds competitions for startups around the world. Their list of competition winners from the last year includes 19 emerging market companies that are innovating products and services with some exceptional promise.
We believe that disruption (and therefore, innovation) comes from the edges. These edges might be at the edge of an industry, an economy or geography. The interesting thing about the 19 firms listed by Seedstars is that they’re beginning to focus their attention on taking their offerings into established markets. With access to crowdfunding and venture capitalists who are starting to look beyond established markets in order to get higher returns, these companies may be hugely successful. But more than just looking at them, they’re a symbol of the change in mindset of business leaders around the world. Emerging markets should not be ignored.
Elizabeth MacBride, a writer for Forbes magazine took the list and categorised it helpfully as follows:
Financing infrastructure is being constructed fast and at the cutting edge.
• Accra, Ghana-based Kitawa is building a Bitcoin-based online payments platform.
• Remit.ug, based in Kampala, Uganda, enables people from all over the world to transfer money to mobile wallets in Africa.