Sankalp Africa Summit 2016 set for Nairobi, with the theme- ‘Innovations for the Next 3 Billion’

The Sankalp Africa Summit, considered by some as the fastest growing inclusive development platform for entrepreneurs, investors, innovators, donors and corporations, is set to take place in February 25 – 26, 2016 at the Kenya School of Government.

Sankalp Africa Summit 2016 will be the third edition in East Africa with over 800 delegates – consisting of eminent social impact partners like World Bank Group, USAID, The Lemelson Foundation, Shell Foundation, Kenya Climate Innovation Center, Educate Global Fund and ICCO Cooperation among others – expected to attend.

Over the last three years 1000+ people have attended the summit which has featured partners, enterprises and entrepreneurs from 30+ countries, including 15+ African Nations. The Sankalp Forum was established to enable a common action platform to connect, collaborate and celebrate African entrepreneurship.

Each year Sankalp recognizes high potential entrepreneurs as leaders of the Future of Africa. This year, 13 enterprises will pitch to the audience at Sankalp to compete for the coveted Sankalp Africa Award. Over the last 2 years, Sankalp has recognized 20 enterprises in Africa and facilitated investments worth US $ 200,000 into one enterprise. Globally, Sankalp has supported 500 such businesses and channeled investments worth US$ 120Mn.

Winners of this year’s award will be chosen by a jury featuring leading industry veterans including investment guru Aly Khan Satchu, CEO, Rich Management, Duncan Onyango, Regional Director, Acumen Fund, Manu Chandaria, Chairman, Comcraft, Amrote Abdella, Regional Director,Microsoft4Africa, Jasper Snouk, CFO, Doen Foundation, Eline  Blaauboer, Managing Partner, Spark Fund, Mark Carrato, Economic Growth Director, USAID and Courtney Blodgett, Program Officer, Vulcan Inc.

The Sankalp Africa Summit 2016 will take a comprehensive look at the different strata of society which shape, influence, and stimulate inclusive and high-impact businesses, while also building markets to carry these businesses to scale, enabling them to reach their full potential.  Attendees will benefit immensely from. It will bring together delegations from West Africa, Southern Africa and other countries in East Africa, enabling more regional collaboration and dialogue.

Aparajita Agrawal, Director of Sankalp Forum, says “Africa has always had a leadership position in ICT and Technology, but increasingly activity by Small and Medium Enterprises (SMEs) in sectors like healthcare, clean energy, agriculture and financial services is booming. To support the growth of such SMEs, Intellecap, has expanded Sankalp Forum, one of the world’s largest SME focused platforms to Africa.”

The Summit will drive greater harmonization among global actors and build on conversations from the Africa summit at the Global Sankalp Summit in Mumbai from April 21-22, 2016. The Global Summit will witness participation from over 1500 delegates representing 30 countries.

Intellecap is a pioneer in providing innovative business solutions that help build and scale profitable and sustainable enterprises dedicated to social and environmental change. Founded in 2002, the Aavishkaar and Intellecap Group have directed US $ 600 Million of capital to entrepreneurs working on such challenging problems sustainably through equity funds, venture debt vehicle, microfinance lending or investment banking intermediation. Intellecap provides a broad range of Consulting, Research and Investment Banking Services, to Multilateral Agencies, Development Finance Institutions, Social Enterprises, Corporations, Investors, Policy Makers and Donors.

Select clients include the Rockefeller Foundation, Gates Foundation, GIZ, DFID, Hindustan Unilever, International Finance Corporation, Asian Development Bank and Michael and Susan Dell Foundation.

Sankalp Forum was initiated in India in 2009 by Intellecap to create a thriving ecosystem for business-led inclusive development. Over the past eight years, Sankalp has built one of the world’s largest impact enterprise focused platforms that has supported over 900 social enterprises with connections to over 400 investors, mentors, and business support providers. Over 40 social enterprises recognized by Sankalp have gone on to raise more than US $ 120 million in funding. Sankalp engages Governments, corporations, influential platforms like the G8 and G20, media and civil society to drive a paradigm shift in inclusive development approaches.

Through the 2016 Summit, the spotlight will be on “Innovations for the Next 3 Billion” (N3B) and how emerging markets are becoming the hub of entrepreneurship, innovation and investments. The Africa Summit will bring together over 800 delegates including innovators, impact entrepreneurs, investors, DFIs, service providers and donors from across the region to voice, discuss, debate issues, trends and solutions that aid business-led development. The Forum expanded to Africa in 2013, and in Southeast Asia in 2015.

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