Deep pocket and futuristic investors are beginning to realize huge potentials of untapped opportunities in high yielding technology which is very beneficial to various economic sectors including education.
As a result, business angel networks, venture capitals, crowd funding structures are becoming more popular, as they create an avenue for entrepreneurs and startups to connect and collaborate with investors who can fund their innovative business ideas. Investor Magnet, one of Africa’s transformative educational technology company, recently launched its flagship educational platform that seeks to connect 10, 000 African entrepreneurs with investors.
“We are looking for the best of the best ideas that will solve whatever educational problem people face across the continent. The Investor Magnet has an extensive list of investors and we want to use this network to solve one of Africa’s biggest problems which has a direct impact to how sustainably our economies grow,” says Sean Drake, founder, Investor Magnate.
Drake who is a Ghanaian award-winning entrepreneur and Forbes Africa under 30 alumni noted that entrepreneurs, who are looking to start their own EdTech businesses, or already have one but need investment opportunities, should visit the IM website to complete a short questionnaire.
“Once we hear about these game changing ideas and projects, we will then connect these entrepreneurs with the right investors who will not only finance the start-up but will also mentor and guide them along the way to make sure projects are financially and socially impactful. We already have high net worth individuals who are already eager to invest into creative and out of the box ideas.” He said.
Quoting a report, Drake noted that 375 million young Africans will enter the job market by 2030, saying, “The problem is, there are no jobs; the African educational system is outdated, irrelevant, and broken. The educational system relies on teaching book-based, academic concepts, rather than the real-life skills needed to create the jobs and companies of Africa’s future. That’s where Investor Magnet comes in.’’
He adds: “Inside of a simple question – ‘What If my “failures” in education, entrepreneurship and investing could somehow be the very tools required to reinvent and reimagine an African education system that works for all? What would that look like? And what Impact would it make on the lives of young Africans?’ This is how it came about, and this is the question that keeps my team and I empowered and inspired.”
According to the company, funding for these 10 000 game changing ideas is targeted and depends on the project and its founders. Funding could be made available in as short as three months and as long as a year. Start-up entrepreneurs who have a game changing educational ideas/projects are urged to submit their proposals on www.investormagnet.io.
“The great thing about this platform is that this is only the beginning. Access to trusted and relevant markets and transformative technology allows entrepreneurs to further scale their socio-economic impact,” Drake concluded.