ENTREPRENEURSHIP ECOSYSTEM
The Kenyan entrepreneurial ecosystem is a robust coming together of multiple players to create a harmonious community. The community comprises the private sector, including startups, SMEs, investors, ecosystem support organisations, public sector including government ministries, agencies and parastatals, Academia with both public and private universities and technical colleges and the development sector, including INGOs, Foundations, Embassies and Consulates, Multilateral and Bilateral organisations. According to a 2019 research by Briter Bridges and GSMA, Kenya is ranked fourth after Nigeria, South Africa, and closely near Egypt as the most advanced ecosystem.
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ENTREPRENEUR SUPPORT ORGANISATIONS
Ecosystem support organisations are an integral part of the Kenyan ecosystem development; ESO’s in Kenya include incubators, Hubs, accelerators, consultants, advisory firms, and co-working spaces. Based on a 2020 research Kenyan currently has approximately 160 ESO’s offering support to Kenyan entrepreneurs, both local and international. Despite the significant number of ESOs in the country, the majority having operations in Nairobi; areas outside Nairobi (the capital) have fewer ESOs leading to disproportionate entrepreneurship development in these areas.
In 2019, the Association of Startup and SME Enablers of Kenya (ASSEK), an association established to represent organisations supporting the development and growth of startups and SMEs for maximum impact of such activities. ESOs in Kenyan can be broadly categorized as either:
- Incubators
- Accelerators
- Co-working spaces and Hubs
- Maker spaces/ Fab labs
- Consulting and advisory firms
- Academic institutions
Entrepreneur support organizations
The enablers
Ecosystem support organisations are an integral part of the Kenyan ecosystem development; ESO’s in Kenya include incubators, Hubs, accelerators, consultants, advisory firms, and co-working spaces. Based on a 2020 research Kenyan currently has approximately 160 ESO’s offering support to Kenyan entrepreneurs, both local and international. Despite the significant number of ESOs the majority having operations in Nairobi; areas outside Nairobi (the capital) have fewer ESOs leading to disproportionate entrepreneurship development in these areas.Â
In 2019, the Association of Startup and SME Enablers of Kenya (ASSEK), an association established to represent organisations supporting the development and growth of startups and SMEs for maximum impact of such activities. Â
Investors
The financiers
Kenya in recent years has been the leading destination for investment, with the 2020 Partech Africa Tech Venture report ranking Kenya (USD 305Mn) as second behind Nigeria (USD 307Mn) for a second consecutive year. As per the report, Kenya ranked fourth based on the number of transactions closed during the year. This signifies the existence of high growth and investable startups in Kenya and considerable confidence investors have in investing in both early-stage and growth companies in Kenya.Â
Many resident investment firms further signify this confidence with their regional offices in Kenya, making Nairobi the capital hub of East Africa. Some of the active investors based and having operations in Kenya are highlighted below.Â
Public sector
Government support bodies
Ecosystem support organisations are an integral part of the Kenyan ecosystem development; ESO’s in Kenya include incubators, Hubs, accelerators, consultants, advisory firms, and co-working spaces. Based on a 2020 research Kenyan currently has approximately 160 ESO’s offering support to Kenyan entrepreneurs, both local and international. Despite the significant number of ESOs the majority having operations in Nairobi; areas outside Nairobi (the capital) have fewer ESOs leading to disproportionate entrepreneurship development in these areas. Â
In 2019, the Association of Startup and SME Enablers of Kenya (ASSEK), an association established to represent organisations supporting the development and growth of startups and SMEs for maximum impact of such activities. Â
Development partners
Ecosystem supporters
Kenya in recent years has been the leading destination for investment, with the 2020 Partech Africa Tech Venture report ranking Kenya (USD 305Mn) as second behind Nigeria (USD 307Mn) for a second consecutive year. As per the report, Kenya ranked fourth based on the number of transactions closed during the year. This signifies the existence of high growth and investable startups in Kenya and considerable confidence investors have in investing in both early-stage and growth companies in Kenya.Â
Many resident investment firms further signify this confidence with their regional offices in Kenya, making Nairobi the capital hub of East Africa. Some of the active investors based and having operations in Kenya are highlighted below.Â
FINAL STEP ONE
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FINAL STEP ONE
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