FINE RAIN (ONLINE LEARNING PROGRAMS)
The Fine Rain (online learning) component of the Program comprises six industry-based modules: Agri-Tech, Artificial Intelligence, Fintech, Commerce & Marketplaces, Health Technology, Cyber – Security.
Agri-tech is the use of technology and technological innovation to improve the efficiency and output of agriculture. The application of Agri-tech can be to grow more food from less space, or using less water. It can be the use of robots to replace manual labour for planting or picking crops. It can also be the use of big data, machine learning and AI to understand more about the soil or growing conditions to improve yield.
In recent years, the growing crop of start-ups that leverage artificial intelligence and other advanced technologies have ascended dramatically. As a result, the VC funding and investments in these start-ups are becoming historically strong year over year.
Fintech describes any company using the internet, mobile devices, and software technology or cloud services to perform or connect with financial services. Many Fintech products are designed to connect consumers’ finances with technology for ease of use, although the term is also applied to business-to-business (B2B) technologies as well.
COMMERCE & MARKET PLACES
One of the most significant changes that we saw in consumer shopping habits in 2020 was the rapid growth in popularity of e-commerce. Just a few months back, online shopping was considered unreliable by most individuals over 65 years. Almost overnight, however, it has become an essential practice. And numbers testify the future growth of e-commerce.
Technology is driving rapid change in health care delivery. Expect the greatest advances in Health tech to come from combinations of technologies such as biotech (genetics and stem cells), nanotech (atom-level surfacing and microbus), mobile connectivity and digital/cloud-based innovation. Major innovations will come from multidisciplinary teams.
CYBER – SECURITY
This sector is a burgeoning segment within the global start-up ecosystem. The need for cybersecurity has been continuous and evolving as the data-based applications in personal and professionals’ lives evolve. From health details to banking details, almost everything is online, making the importance of cybersecurity ever-growing.
HEAVY SHOWERS: – PHYSICAL SESSIONS
The heavy showers (Physical Sessions) component of the program is made up of four learning parts as following:
PART ONE: VENTURE OPPORTUNITY, CONCEPT, AND STRATEGY
Part One teaches the core issues involved in deciding to pursue an entrepreneurial vision and what characteristics are vital to success from the very beginning. How to build and maintain a competitive advantage and the critical issue of market timing are the key topics of this Part. During the Internet boom, while several great new companies were built, too many entrepreneurs and investors forgot several key principles: have a sustainable advantage, create a significant barrier to entry, and be a leader when the market and the technology are both ready.
PART TWO: VENTURE FORMATION AND PLANNING
Part two examines the major strategic decisions that any group of entrepreneurs must grapple with: how to balance risk and returns, what entrepreneurial structure to pursue, how to find and cultivate the best employees and help make them productive, and the critical issues of intellectual property. Indeed, these are problems that every company faces, and ones that must be continuously examined by the leadership in any organization.
PART THREE: DETAILED FUNCTIONAL PLANNING FOR THE VENTURE
Part Three teaches the operational and organizational challenges that all entrepreneurs must tackle. Virtually every start-up led by a technologist wonders whether it needs sales and marketing. Sometimes in such companies, you hear a remark like: “We have great technology and that will bring us customers; nothing else matters! The related topics of building the organization, thinking about acquisitions, and managing operations are also important. If you fail to address these aspects of your company, it will not matter how good your technology is.
PART FOUR: FINANCING AND BUILDING THE VENTURE
Finally, Part four teaches about putting together a solid financial plan for the new company, including exit and funding strategies. Of course, such topics are crucial, and they are often the sole or dominant topics of “how-to” books on entrepreneurship. Certainly, the financing and the choice of investors are key, but unless the challenges discussed in the preceding sections are overcome, it is unlikely that a new venture, even if well financed, will be successful.
Both the virtual and physical components of the program are delivered by senior faculty members, who have trained hundreds of entrepreneurs and future leaders across multiple countries. The programs are developed by research and industry experts of HexGn, who track over 150,000 companies globally for innovation and investments.
The program is offered through distance learning so as to be accessible to all interested students, irrespective of their geographic location. Within the distance-learning paradigm, the program deploys various teaching methods: while the majority of the courses consist of lectures delivered by the faculty course lecturer(s), in some cases it may be deemed appropriate and beneficial to host guest lecturers with academic and business background related to topics or courses covered in the Program.
Moreover, practical exercises, individual and group projects, networking, simulations, and case study analyses, will form an integral part of the teaching methodology employed in the program.
The program admits students throughout the year, and it is focused on young people whose ages range between 18 and 35 years, (higher education students, graduates, Masters and PhD students as well as long-term unemployed people). Candidates:
Must have necessary English comprehension skills and proficient in using Microsoft Word, Excel and PowerPoint applications.
Must have a deep desire to, one day, become a successful entrepreneur
Must have a proven track record of proactive problem solving (e.g., via previous initiatives, projects or movements that you have launched)
Must have the ability to learn fast, remain humble and engaged while doing so
Must have an edge (expertise, skillset, knowledge) in something that sets them out from the crowd
Must have perseverance. Perseverance is their second name: The Start-up/Innovate Africa Program is demanding, just like the entrepreneurial world!
Only candidates who fulfill the minimum entrance criteria as described above should be admitted into the program.
REQUIRED INFRASTRUCTURE FOR THE ONLINE COMPONENT OF THE PROGRAM
Courses are designed to work on an internet-connected desktop or notebook computer running either the Chrome or Firefox browser. Smartphones are supported for programs on the course platform. A broadband internet connection is highly recommended to access the rich media in the program. The course platform allows you to engage with the content and watch the course videos with a bandwidth of at least 8 Mbps download speed.
Certificates would be awarded to participants who successfully complete all coursework in a thoughtful and timely manner.
PROJECT AND INTERNSHIP
Participants must complete a learning report for an internment assignment. For entrepreneurship projects, participants would be preparing a basic pitch deck using Power Point.
At the end of the Program Participants are expected to be transformed into world class entrepreneurs who will strive to make a difference in our world and to contribute to its betterment; who will be able to identify opportunities, mobilize resources, and relentlessly execute on their visions; who will be able to identify and pursue solutions among problems, possibilities among needs, opportunities among challenges, and eventually, who will be empowered to create and transform their own “BIG IDEAS” into great enterprises, with their course mates as team members, that would subsequently lead to job creation, improved productivity, increased prosperity, and a higher quality of life.
With intensive focus and inspired collaboration, the Program hopes to stimulate all African countries to achieve the following bold goals within its first five years of implementation:
- train 100,000 young entrepreneurs to become founders and leaders of technology ventures, job creators and global age experts who will demonstrate focus, passion, and an unrelenting will to succeed.
- create 50,000 new or renewed enterprises.
- 1 billion US Dollars invested into the African entrepreneurial ecosystem.
- Build a dense, vibrant and connected Africa that attracts diverse resources and talent.
The Program is fully sponsored by the Africa Islamic Economic Foundation, Ghana and HexGn Technologies Limited, India, with no financial implications or responsibilities to participants and Partners.