Oppenheimer Generations, through a partnership with the Harambe Entrepreneur Alliance, has helped 19 African innovators to raise more than $17M since the inception of its Knowledge Transfer Initiative (KTI) in 2019.
The KTI has, over four years, enabled the Alliance to recycle expertise and insights in its network to accelerate the growth of market-creating innovators; hosted four annual Harambeans Global Summits and accelerated the diversification of its ecosystem of partners and investors.
The KTI helped its Fellows to focus on four key areas during the year-long program: raising capital, acquiring key talent, engaging strategic partners and interacting and learning from global experts, serial entrepreneurs and investors within the Alliance.
As a result of this partnership, the 19 Fellows have collectively:
- Raised $17.37M
- Hired 45 key roles
- Engaged with 51 strategic partners
- Spent 876 hours learning from Alliance experts
Grant funding was used by the Fellows to hold team retreats to increase team cohesion and develop human capital; engage with new customers and investors at strategic conferences and meetings or to support R&D for their products and to acquire raw materials.
Since the KTI was launched, the Alliance has leveraged its $1.25M partnership with Oppenheimer Generations to diversify its ecosystem and unlock $1.24M from a growing array of corporations, foundations, investors and Harambeans.
The Harambean Oppenheimer Fellows were privileged to meet with Prime Minister Mia Mottley in Barbados where she shared insights on strategy and leadership and how small countries can compete on the global stage. PM Mottley is well-known for the groundbreaking Bridgetown Initiative, proposals from developing countries, led by Barbados and specifically PM Mottley, to reform the global financial architecture and development finance in the context of three intersecting global crises (debt, climate, and inflation) with the aim of breaking the cycle of climate disasters that push poorer countries ever further into debt. In developing these proposals, PM Mottley managed to mobilize a global community, build a coalition around something that matters and sell it to a global audience.
Meet the fourth cohort of Harambean Oppenheimer Fellows who are pioneering powerful and innovative solutions to some of Africa’s biggest challenges.
