Venture Hive launches entrepreneurship program in Africa

Venture Hive helps young companies execute their international expansions, but on Monday it announced its own global move -- in Africa.

The entrepreneurship education organization, accelerator and incubator based in downtown Miami will partner with two Tanzanian organizations to launch an education program that will help students at five Tanzanian universities start real businesses while they are still in school, said Susan Amat at the Global Entrepreneurship Congress in Moscow, where she was speaking.

The initiative, launched in collaboration with the Tanzania Commission for Science & Technology and the Dar Teknohama Business Incubator, was formed through the LIONS@FRiCA alliance, which works to enhance the startup and innovation ecosystems of African economies. The program will be available to tens of thousands of students in universities located in Tanzania’s capital of Dar Es Salaam with future plans to replicate the model across the country, the organizations said.

Participating universities will have access to the Venture Hive U educational web portal and a full suite of experiential learning tools to support student entrepreneurs. Student entrepreneurs will also be able to network through the Venture Hive U portal to identify business partners and key allies and share best practices. “It will teach students to think like capitalists in a broad way, in terms of global solutions rather than just solutions for their local community,” said Amat.

In the past year, Venture Hive has trained entrepreneurs from more than 25 countries in Africa, Asia, the Caribbean, Europe and Latin America. For example, recently Venture Hive hosted Caribbean and Latin American entrepreneurs taking part in a weeklong workshop and later a pitch competition finale as part of the U.S. State Department's La idEA program. Through the trainings, entrepreneurs are linked with potential collaboration partners and mentors across the globe.

This is one of a series of international expansions that Venture Hive U is developing with partners around the world, particularly in emerging markets. The global Hive network will also help Venture Hive entrepreneurs in Miami with their emerging markets strategies. About 35 companies are based at Venture Hive, and its second accelerator class began in January.

Read more Business stories from the Miami Herald

 <span class="cutline_leadin">HAPPY DANCE:</span> Commissioner Jose “Pepe” Diaz dances with Ileana Quevedo, employee of IKEA during the opening ceremony of IKEA in Sweetwater on Wednesday.

    New IKEA opens its doors

    Several thousand people were in line by the time IKEA opened its first store in Miami-Dade County — and its second largest store in the United States — at 9 a.m. on Wednesday, with free giveaways for the first visitors in line. More than 200 customers had camped out overnight, awaiting the Sweetwater store’s opening, said IKEA spokesman Joseph Roth.

Biscayne entrance.

    Melia Hotels announces spring opening for ME Miami

    Meliá Hotels International announced Wednesday that it will open the ME Miami hotel in spring of 2015.

  • Senior scams more prevalent as population ages

    States step up to protect seniors, but even the savvy are vulnerable.

Miami Herald

Join the

The Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

The Miami Herald uses Facebook's commenting system. You need to log in with a Facebook account in order to comment. If you have questions about commenting with your Facebook account, click here.

Have a news tip? You can send it anonymously. Click here to send us your tip - or - consider joining the Public Insight Network and become a source for The Miami Herald and el Nuevo Herald.

Hide Comments

This affects comments on all stories.

Cancel OK

  • Marketplace

Today's Circulars

  • Quick Job Search

Enter Keyword(s) Enter City Select a State Select a Category