After investing more than US$10.8 billion in over 1,284 companies in 54 countries, Intel Capital wants to invest in technology start-ups across Africa.
According to Tobi Oke, Investment Director, Intel Capital,“We would also like companies across Africa to be aware that Intel Capital, the global investment and M&A organization of Intel, is looking to invest in innovative technology companies.”
Oke said Intel Capital recently invested in South Africa’s Altech and Ghana’s Rancard but that was not the end as tech firms in Africa can now look at them for investment as they have an unparalleled network of global 2000 companies, been voted the best VC in the world and are looking to maximise their reach.
Oke added that Intel Capital is investing $300 – $500 million per year in innovative companies and $250k to 250M to individual companies.
Apart from promising to invest into African startups, Intel Corporation also launched a new initiative that will see Kenyan developers become the first in Africa to benefit directly from Intel® Software and Services Group (SSG).
Intel will give Kenyan developers design tools, resources and expert consulting and will also sponsor three kenyan tech start-ups for online training and mentorship program conducted by UC Berkeley Faculty members and Silicon Valley entrepreneurs this year.
According to Danie Steyn, East Africa General Manager, Intel, “Intel Software and Services Group seeks to enhance local innovation and provide tools to developers that enable them create applications with rich user experience on devices running on Intel technology. We are very excited about the growing developer engagement in Africa and seek to increase collaborations with tech hubs, independent software vendors and universities.”
Intel aims to reach over 400 developers and have 100 new mobile applications created locally before the end of the year to run on Intel® Architecture.
Read the release below.
INTEL CORPORATION UPS ITS INVESTMENT IN KENYA
- Kenya selected as the first country in Africa to host a new initiative of the Intel® Software and Services Group (SSG), a global division of Intel Corporation
- Intel Software and Services Group announces a number of programs for Kenyan developers
- Intel Capital, Intel’s global investment arm looking to invest in innovative technology companies
NAIROBI, KENYA, 19thJUNE 2013 – Intel Corporation today announced a new initiative that will see Kenyan developers become the first in Africa to benefit directly from Intel® Software and Services Group (SSG), a global division of the company. In the course of this new initiative Intel will work with Kenyan developers to provide them with design tools, resources and expert consulting. Further, Intel will this year sponsor three local tech start-ups for online training and mentorship program conducted by UC Berkeley Faculty members and Silicon Valley entrepreneurs.
In the next 6 months, Intel aims at reaching over 400 developers and having 100 new applications created locally that will offer users differentiated experiences across mobile phones and tablets running on Intel® Architecture. The division will be led locally by Agatha Gikunda the newly appointed Lead for Intel Software and Services Group in East Africa.
Speaking at a developers’ conference hosted by Intel that saw more than 250 developers in attendance, Danie Steyn, East Africa General Manager said “We recognize that software is a vital element of all Intel platforms and processors. Therefore, Intel Software and Services Group seeks to enhance local innovation and provide tools to developers that enable them create applications with rich user experience on devices running on Intel technology. We are very excited about the growing developer engagement in Africa and seek to increase collaborations with tech hubs, independent software vendors and universities.”
The company will collaborate with Strathmore University and University of Nairobi** to provide resources in the universities’ hardware labs, build a student Developer Partner Program and integrate High Performance Computing into the university curriculum. These activities are aimed at enhancing the ability of student developers to create rich user experiences on Intel®-based hardware as well as test their software applications.
Through an established program between Intel, iHub and m:lab**, Intel Software and Services Group will provide training to developers enabling them to create and port Android** apps for Android-based devices running on Intel® architecture. In addition, starting from 24th June 2013, Intel and iHub** will on a quarterly basis host intensive coaching sessions for developers dubbed Ideation camps that seek to empower upcoming tech entrepreneurs and social innovators with tools to turn complex problems into great business opportunities.
“Programs that provide opportunities for local software developers to nurture their skills, to access the latest tools and to get exposure on the global stage are critical components in the growth of our local software economy. Intel’s approach to collaborate and support tech hubs, independent software vendors and universities provides a good opportunity for both upcoming and established developers to exploit.” Victor Kyalo Acting CEO, Kenya ICT Board
Intel Software and Services Group will further enable Kenyan developers to engage with more than 20,000 independent software vendors (ISV) worldwide through a collaborative online application and software development community dubbed Intel® Developer Zone. It is a global program that enables developers to engage with Intel on topics related to software and is designed to answer today’s software development challenges. In addition, Intel Software and Services Group will also seek to build a foundation for robust solutions and industry innovation, working with the software community to set standards, establish industry benchmarks and participate in open source projects.
“As part of the investments we are making in the continent we would also like companies across Africa to be aware that Intel Capital, the global investment and M&A organization of Intel, is looking to invest in innovative technology companies. We have recently invested in 2 companies: Altech in South Africa and Rancard in Ghana.” said Tobi Oke, Investment Director, Intel Capital.
Notes to Editor
About Intel Software and Services Group (SSG)
The Intel® Software and Services Group (SSG) connects Intel to the worldwide software community. SSG strives to help independent software vendors, operating system developers, OEMs, channel members and systems integrators deliver exceptional user experience on Intel technologies. SSG provides global leadership to the software community through its technical expertise, industry enabling activities, and developer products and programs*. For more information, please visit www.intel.com/go/software.
About Intel Capital
Intel Capital, Intel’s global investment and M&A organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, health, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$10.8 billion in over 1,284 companies in 54 countries. In that timeframe, 202 portfolio companies have gone public on various exchanges around the world and 320 were acquired or participated in a merger. In 2012, Intel Capital invested US$352 million in 150 investments with approximately 57 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at www.newsroom.intel.com and blogs.intel.com.