Cape Town and Nairobi-based incubation centre 88mph is heading Stateside next week, in a bid to meet ex-pat entrepreneurs from Africa who’ve made it in Silicon Valley and might be interested in starting a business back home. It’s a smart move from 88mph founder Kresten Buch, I reckon, who has first hand experience of the benefits of choosing African incubators over US ones as places to put your money – as he mentioned the last time we spoke to him.
Anecdotally, the lure for Africans overseas to bring talent, ideas and money back home seems to be growing stronger every day – several analysts I’ve spoken to recently have commented on the trend, although no-0ne seems to have specific figures for it. Interestingly, however, the 88mph event is specifically for people who want investment and are willing to move to Nairobi to get it – I’d suspect there’ll be some badgering other members of the diaspora who have cash and want to invest behind the scenes too.
The 88mph event will take place on Monday night (29th July) at Google’s San Francisco office at 345 Spear Street.