Access to capital remains one of the major constrains for technology startups in Africa. Innovative technology, mobile, commerce, enterprise ideas remains in books and business plans for a long time. The persistent entrepreneurs distribute their business plans to a lot of organizations who support small and medium enterprises in the hope that they can secure funds for their ideas but to no avail. Notable scattered startup incubators include Ghana Multimedia Center of Ghana, National Institute for Employment and Vocational Training (INEFOP) of Angola, Business Incubation Facility (TBIF) of Rwanda and the The Meltwater Entrepreneurial School of Technology of Ghana
On October 18, 2010, at the Ihub incubation centre, five venture capital funds listened to pitches from eight startups. The forum was organized by the Kenya ICT Board as follow-up to the $3 million in content grants funded by the World Bank.
Gotissuez, – a consumer online suggestion box
BrighterMonday- a recruitment portal
Pewahewa.com- a music portal
Paysure- a local payment gateway
M-Trader- creator of a mobile stock trading software and a public payphone that allows SIM card owners to plug in and make calls at affordable rates.