Innovation Story of the Week:
“Rocket Internet and iMENA Holding have announced that they will partner together to launch mobile app Easy Taxi in the Middle East and North Africa. $7 million represents the largest funding so far for a mobile app business in the region. In July, Easy Taxi received $10 million from Africa Internet Holding (AIH), a joint venture between Rocket Internet and AIH’s 35% owner Millicom, a telecoms operator. The two investors had previously invested $15 million in Easy Taxi in June in order to expand Easy Taxi in Latin America.”
Below is everything you’ve missed this week in the UP community:
“The government may be shut down. But you can’t extinguish the entrepreneurial fire that easy. In video remarks at the 4th Annual Global Entrepreneurship Summit in Kuala Lumpur, Malaysia today, President Barack Obama stressed the importance of entrepreneurship and he singled out Seattle non-profit UP Global (best known for its Startup Weekend events) to help carry the flame forward.”
“After meeting at Startup Weekend Cairo in 2011, the founders of event organizing platform Eventtus launched their startup in late 2011, quickly enabling event listings around the globe. Now they have just secured their first round of funding at EGP 1.2 million (US $174,145) from Vodafone Ventures Egypt and Cairo Angels, which they hope to use to begin formal marketing, launch a new monetization strategy, and expand their reach across the region and the globe.”
As the CEO of UP Global, Nager coordinates Startup Weekend and a number of other non-profit projects all designed to make entrepreneurship possible by connecting people and technologies, and helping innovation happen. In this episode of Nextcast, Nager tells his secret for maintaining a work-life balance, and shares his best tips for making it as a successful entrepreneur.
I spoke with Marc Nager to learn more about Startup Weekend and how they answer the question, “where do you go when you have a great idea” He was me through the 54 hours of the weekend (which starts on Wednesday in some countries culminating in the stimulated investor pitch, and tells me about his new project, StartupDigest.
“The iterative, fast-paced nature of what 4.0 and Startup Weekend are doing reframes the debate about how to make school better. Instead of huge, risky bets rooted more in politics and theory, our approach is to get as many curious people as we can iterating their way forward – together. Step by step. Around and around the loop – build it, share it, get feedback, tweak it or throw it out and go again. This is a radical shift in mindset, one that reflects the way kids will need to engage with the world, and one that educators everywhere need to embrace, too.”
- GSB 2013: Introducing the E-Commerce Circle powered by Bigcommerce.
- First Startup Weekend Bolzano – South Tyrol in Northern Italy Rocks!
- Grassroots Innovation: It’s about Permission.
- Want to build you startup skills? Pitch and Pitch In!
- UP UP UP and Away We Go To UP America Summit!
- 4 Reasons Why I Value Startup Team Diversity.
- The SEC’s New Proposed Crowdfunding Rules.
- Women Rock! 14 Ideas from Startup Weekend San Francisco.
- 3 Ways 3D Printing is Becoming Accessible to Everyone.