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.
Allez à 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.
A propos de vous
A propos de vous
Prénom
Rodrigue
Nom
ISHIMWE
URL Twitter
URL Facebook
A propos de votre organisation
Nom
Brain Technologies Ltd
Pays
Rwanda, Kigali
Pays dans lesquels ce projet crée un impact social
Rwanda, XX, All provinces of Rwanda
Age de l'innovateur :
18 à 34 ans
Sexe de l'innovateur :
Masculin
Votre organisation est-elle une
Entreprise
Depuis combien de temps votre organisation opère-t-elle ?
Moins d'un année
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Innovation
Intitulez votre soumission
Duhange Project: Linking potential Venture Capitalists and Entrepreneurs in Rwanda
Sélectionnez la phase qui s'applique le mieux à votre solution
Croissance (votre pilote fonctionne et commence à prendre de l'ampleur)
Depuis combien de temps le projet existe-t-il ?
En place depuis moins d'un an
Le besoin : quel problème tentez-vous de résoudre ?
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 solution: quelle solution proposez-vous ? Soyez précis !
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.
Le système : décrivez un exemple spécifique montrant de quelle façon votre initiative fonctionne ; indiquez vos principales activités.
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.
Le marché : qui sont vos collègues et vos concurrents ? Identifiez les autres personnes qui travaillent à répondre au même besoin et indiquez ce qui vous différencie d'elles. Comment ces concurrents pourraient-ils influencer votre réussite ou votre croissance ?
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.
Impact social
This Entry is about (Issues)
Votre initiative s’occupe de quelle(s) solution(s) pour aider des entrepreneurs émergents et pour aider des petites entreprises à croître et à s’augmenter dans des communautés mal desservies ? (sélectionnez tout ce qui est applicable)
Accès au financement, Accès aux opportunités économiques.
Jusqu'à ce jour, quels résultats a obtenu votre projet ?
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
Quelles sont vos prévisions en termes d'impact au cours des trois prochaines années?
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)
Les meilleures propositions possèdent un programme solide détaillant leurs prévisions pour atteindre et suivre leurs objectifs de croissance. Identifiez vos objectifs à 6 mois pour accroître vos résultats
Establishing a strong network of VC - Entrepreneur (enhancing a strong platform)
Définissez les trois tâches principales à accomplir pour atteindre ces objectifs à six mois
Tâche 1
Complete the online database of www.duhange.com where entrepreneurs will be filling the form and VCs will fill the form and meet
Tâche 2
Start a TV program on local public Tv (Rwanda Television) where success stories will be shared and different innovative ideas
Tâche 3
Start a hard copy of Business Magazine of Duhange project
Et maintenant, voyez les choses en plus grand ! Identifiez vos objectifs à 12 mois
Expanding Duhange project to the entire to East African Region and include English and French
Définissez les trois tâches principales à accomplir pour atteindre vos objectifs à 12 mois
Tâche 1
Seeking for partners in the East African Region (profit companies and non- profit and individual entrepreneurs)
Tâche 2
Start a business idea competition in Rwanda and the entire East Africa
Tâche 3
Hire more staff for the evolving Duhange project
Création de l'organisation : nous voulons tout savoir sur votre déclic. Expliquez-nous oú et quand les fondateurs se sont rendu compte que cette solution possédait un véritable potentiel pour changer le monde.
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!
Viabilité
Quels sont vos différents partenariats ?
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.
Expliquez plus en détails les besoins et les offres indiqués ci-dessus ou proposez un type d'aide non mentionné dans la liste
If the above mentioned sections/categories are provided, it could be highly appreciable.
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