Duhange Project: Linking potential Venture Capitalists and Entrepreneurs in Rwanda
This project also has a Changeshop where you can read more about its latest progress.
Go to Changeshop: Duhange: Linking potential VCs and Entrepreneurs in Rwanda.
Duhange Project is an initiative which was initiated by Brain Technologies Ltd, in order to nurture entrepreneurial minds among people.This project intends to expand and serve as a bridge between entrepreneurs with promising innovative business ideas and venture capitalists who are now rising up in Rwanda. This project will expand through East Africa in the Second year.
Sobre tu organización
Nombre de la organización
Brain Technologies Ltd
Sitio web de la organización
País de la organización
Países en donde este proyecto está creando impacto social
Rwanda, XX, All provinces of Rwanda
Edad del/la innovador/a
Género del/la innovador/a
Tu organización es
¿Cuánto tiempo ha estado operando la organización?
Menos de un año
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Nombre de tu iniciativa
Duhange Project: Linking potential Venture Capitalists and Entrepreneurs in Rwanda
Selecciona la fase que describa mejor el momento en el que se encuentra tu emprendimiento
Crecimiento (tu iniciativa piloto ya se está aplicando y se empieza a expandir)
¿Cuánto tiempo se lleva poniendo en práctica tu iniciativa?
Operando menos de un año
La necesidad: ¿Cuál es el problema que tratas de solucionar?
Rwanda is endowed with several entrepreneurial minds who lack enough capital to boost their ideas and turn them into working businesses. On the other hand, there are several middle income people who are financially self-sufficient but lack ideas.
It is difficult to get a bank loan in Rwanda due to most of people lack mortgage/warranty to provide so that the bank will provide a loan. Due to this constraint, people fail to start small business while they still have innovative ideas. This is where venture capitalists come in.In Rwanda,we don't have many due to the fact that there is no platform which links potential funders and those who have innovative ideas.Getting financial help from an individual would be better than from bank.The challenge of unemployment will be tackled in this project
La solución: ¿Cuál es tu solución? Sé específico.
Since there are people who have innovative ideas in Rwanda but lack financial help to turn them into reality, and there are people also who have middle-income capacity and who are willing to fund promising projects without requesting any mortgage, the project Duhange becomes a bridge to VCs and entrepreneurs.
Duhange is already operational and has been tested through the use of online media as a website www.duhange.com. Several people have contacted us to link them with potential funders while on the other hand potential funders have contacted us. We've noticed that this project was feasible.
This solution will work as follows: Linking entrepreneurs with individuals who would fund their businesses. This platform has been lacking in Rwanda for a long time.
This project will also provide jobs for 16 people.
El Modelo: Muéstranos a través de un ejemplo específico cómo tu solución hace una diferencia, incluye tus actividades primarias
This project makes a difference: it is the first initiative to be started in Rwanda until now which aims at improving economic status of the people by nurturing entrepreneurial minds inside them. Not only this project promotes entrepreneurship by publishing success stories of people who started from scratch and also business opportunities, but also intends to link potential Venture Capitalists that are rising in Rwanda and others potential entrepreneurs.
Our company has experience in business development and thus understands how the whole model can work properly by protecting ideas of entrepreneurs and also by giving them support in coaching and other possible trainings in capacity building.
El mercado: ¿Quiénes son tus pares y competidores? Identifica a otros que también estén trabajando para dar respuesta a las necesidades que tú abordas y en qué te diferencias de ellos. ¿Cuáles son los desafíos que estos jugadores podrían representar para tu éxito o crecimiento?
Most of peers in this sector can be: angel investors and also banks. This project comes as an additional item to people who were not receiving loan services due to the lack of mortgage.
Esta presentación se trata de
Qué tipo de solución/es brinda tu iniciativa para ayudar a emprendedores emergentes y pequeñas empresas a crecer y prosperar en comunidades marginadas? (seleccionar las opciones aplicables.)
Acceso a financiamiento, Acceso a oportunidades económicas.
¿Cuál ha sido el impacto de la solución hasta la fecha?
Until now, the projec DUHANGE has been appreciated by a lot of people. Since its launch in August 13th until now, duhange.com has more than 76.000 visitors in total. People do appreciate this project. Initially, it started being an online business news coverage and entrepreneurship promotion initiative and it has grown to more than this. After being contacted by people as mentioned above, we are developing a system of linking VCs and entrepreneurs
¿Cuál es tu impacto proyectado para los próximos 1-3 años?
After seeing how the process is being undertaken, this project will impact more than 2000 people who will be benefiting from this project:
- More than 150 businesses will be started and employ more than 2,000 people.
- The project itself will be growing (Duhange) and provide jobs to more than 30 people in 2015 (after 3 years)
¿Qué barreras pueden dificultar el éxito de tu proyecto? ¿Cómo planean superarlas?
The first challenge that we might face is the access to a large population (linking the entrepreneurs located in the rural areas without access to internet and TV). In order to reach them, we shall use radios which air in the rural area of Rwanda.
Another challenge that can rise can be the fear of being stolen their ideas. In order to counter to this challenge of stealing ideas, we shall develop a system where just a basic idea will be displayed and not be able to be stolen through patenting. Through coaching also we shall promote self-confidence among entrepreneurs.
Las iniciativas ganadoras presentan un plan fuerte de cómo van a alcanzar y realizar un seguimiento del crecimiento. Identifica tus metas a seis meses para el crecimiento de tu impacto
Establishing a strong network of VC - Entrepreneur (enhancing a strong platform)
Identifica tres grandes tareas que tendrás que completar para llegar a las metas de seis meses.
Complete the online database of www.duhange.com where entrepreneurs will be filling the form and VCs will fill the form and meet
Start a TV program on local public Tv (Rwanda Television) where success stories will be shared and different innovative ideas
Start a hard copy of Business Magazine of Duhange project
¡Ahora piensa en grande! Identifica tu meta de impacto a 12 meses.
Expanding Duhange project to the entire to East African Region and include English and French
Identifica tres grandes tareas que tendrás que completar para llegar a tu meta de impacto a 12 meses
Seeking for partners in the East African Region (profit companies and non- profit and individual entrepreneurs)
Start a business idea competition in Rwanda and the entire East Africa
Hire more staff for the evolving Duhange project
Historia de la fundación: Queremos saber acerca del momento en el que hiciste "¡Ajá!". Comparte la historia de dónde y cuándo el/los fundador(es) vio (vieron) el potencial de esta solución para cambiar el mundo.
After our company Brain Technologies Ltd faced this same problem of lacking funding while having an innovative idea because simply we couldn't provide a mortgage/collateral/warranty, we felt that there might be other people like us who have the same challenge.
After identifying that there are several people in Rwanda who have money but don't know which business to start due to the lack of business skills and self-esteem, we wanted to link them with entrepreneurs who can be partners in business. These entrepreneurs will be having mutual agreement with these VCs.
It is in this regard that we initiated this project "Duhange" which is a Kinyarwanda word meaning "Let us innovate". We wanted to tackle the challenge of access to funds when we initiated this project in August 2012.
We have a vision of tackling this challenge of accessing funds!
Cuéntanos sobre tus alianzas.
We do have partnerships with other non- profit NGOs and profit organisations but we are looking forward to create a deep partnership with the the government especially the Ministry of Youth and ICT, Ministry of Commerce, Ministry of Finance and Economic Planning and others.
Por favor, pon en claro las necesidades u ofertas que hayas mencionado anteriormente y/o sugiere categorías de apoyo que no están especificadas en la lista
If the above mentioned sections/categories are provided, it could be highly appreciable.