Pipeline ID: INDIGO-PL-0138
CORICAP intends to launch the first phase of creating an innovation hub in Congo that will leverage big data (cellphone usage data, satellite imagery, social media) to create startups and businesses that tackle the countryâs most pressing needs. The aim of the innovation hub is to effectively allocate capital to ideas with the highest potential for social impact.
CORICAP's program will identify current existing startups in Congo, and create a database of the smartest and most skilled people interested in pursuing entrepreneurship. Phase oneâs focus is to prove the existence of an investable cohort of talent and opportunities in Congo. For our startup cohort, CORICAP will coach participants by providing advisory support and expertise to strengthen the business models and improve operational efficiency. For the soon-to-be-entrepreneurs, CORICAP will: provide readiness training to familiarize members with realities of working in Congo, pair up individuals based on skills, and allocate societal challenges to be solved as identified by data and analytics.
Upon project completion, CORICAP will disseminate evidence globally of an investable database of promising startups, and paired skilled individuals solving complex problems that have plagued the Congolese society such as low financial inclusion rates or access to education.
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