World Bank2015-01-052015-01-052014-04https://hdl.handle.net/10986/21073This report examines the financing gaps for early stage and growth that high-growth technology entrepreneurs are facing in the information and communication technology (ICT), climate technology, and innovative agribusiness sectors in Zambia and Mozambique, with a more regional review of Namibia and Botswana as possible. It analyzes the unmet needs of these entrepreneurs - perceived demand and latent demand - as well as the existing sources of supply of private capital for seed and early-stage investment, and defines the adequacy to meet these needs. The report also explores the challenges that angel investors have experienced in the past when attempting to finance early- and growth-stage start-ups in the region and, if and where appropriate, make recommendations relating to infoDev's possible interventions.en-USCC BY 3.0 IGOACCESS TO CAPITALACCESS TO FINANCEACCOUNTINGADVERTISINGANGEL INVESTORANGEL INVESTORSAPPLICATION DEVELOPMENTAWARENESS CAMPAIGNSBANK ACCOUNTSBASIC NEEDSBUSINESS ASSOCIATIONSBUSINESS CENTERBUSINESS CENTREBUSINESS DEVELOPMENTBUSINESS DEVELOPMENT SERVICESBUSINESS ENVIRONMENTBUSINESS IDEABUSINESS LEADERSBUSINESS MENTORSBUSINESS MODELBUSINESS OPPORTUNITIESBUSINESS PLANNINGBUSINESS PLANSBUSINESS SCHOOLSBUSINESS SERVICEBUSINESS SERVICE PROVIDERSBUSINESS SERVICESBUSINESS SUPPORTCAPACITY BUILDINGCAPITAL BASECAPITAL GOODSCAPITAL REQUIREMENTSCCCOLLATERALCOLLATERAL REQUIREMENTSCOMMERCIAL BANKSCOMMERCIAL SOFTWARECOMMUNICATION TECHNOLOGYCOMMUNITY ORGANIZATIONSCONSUMERCONTRIBUTIONCONTRIBUTIONSCOORDINATION MECHANISMCOPYRIGHTCORPORATE GOVERNANCECORRUPTIONCREDIT LINECURRICULACURRICULUMDEBTDEBT FINANCINGDEBT INSTRUMENTSDEVELOPMENT BANKDEVELOPMENT FINANCEDEVELOPMENT FINANCE INSTITUTIONDIASPORA INVESTMENTDIASPORA INVESTMENTSDIASPORA NETWORKDIASPORA NETWORKSDONOR FUNDINGDUE DILIGENCEE-COMMERCEECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC EMPOWERMENTECONOMIC GROWTHEDUCATION LEVELSELECTRONIC TECHNOLOGYENROLLMENTENTREPRENEURENTREPRENEURIAL ACTIVITIESENTREPRENEURIAL ACTIVITYENTREPRENEURIAL ATTITUDESENTREPRENEURIAL CULTUREENTREPRENEURIAL DEVELOPMENTENTREPRENEURIAL SUCCESSENTREPRENEURSENTREPRENEURSHIP DEVELOPMENTEQUITY INVESTMENTEQUITY INVESTMENTSEXPATRIATEFACILITATIONFAMILIESFINANCIAL CONSTRAINTSFINANCIAL INSTRUMENTSFINANCIAL INTERESTSFINANCIAL LITERACYFINANCIAL PROBLEMSFINANCIAL PRODUCTSFINANCIAL REPORTSFINANCIAL RESOURCESFINANCIAL SUCCESSFINANCIAL SUPPORTFINANCIAL TERMSFINANCING NEEDSFORMAL BUSINESS PLANFORMAL ECONOMYFUNCTIONALITYFUND MANAGERSGOVERNMENT GRANTGPSGROWTH POTENTIALHACKINGHARDWAREHUMAN RESOURCESICTINFORMAL ECONOMYINFORMATION FLOWINITIAL CAPITALINNOVATIONINNOVATIONSINSTANT ACCESSINTELLECTUAL PROPERTYINTELLECTUAL PROPERTY PROTECTIONINTEREST RATESINTERNATIONAL BANKINTERNATIONAL BUSINESSINTERNATIONAL STANDARDINTERNATIONAL TRAINERSINVESTINGINVESTMENT ACTIVITYINVESTMENT ANALYSISINVESTMENT COMPANIESINVESTMENT MANAGEMENTINVESTMENT MANAGERINVESTMENT OPPORTUNITIESINVESTMENT OPPORTUNITYINVESTMENT SCHEMESIPJOB SECURITYJOINT VENTURESKEY CHALLENGESKNOWLEDGE BASEKNOWLEDGE PRODUCTKNOWLEDGE PRODUCTSLACK OF ACCESSLARGE COMPANIESLARGE ENTERPRISESLEGAL ADVICELEGAL ENVIRONMENTLICENSELICENSESLOCAL BUSINESSLOCAL CURRENCYMAILING ADDRESSMANAGERIAL SKILLSMARKET ACCESSMARKET RESEARCHMARKETINGMATERIALMEDIUM ENTERPRISESMICROCREDITMICROFINANCEMOBILE APPLICATIONNATURAL RESOURCESNEEDS OF ENTREPRENEURSNET WORTHNEW BUSINESSNEW COMPANIESNEW ENTREPRENEURSOUTSTANDING LOANSOVERHEAD COSTPHOTOPOLICY ENVIRONMENTPRIVATE CAPITALPRIVATE SECTORPROCUREMENTPROFESSIONAL NETWORKPROFESSIONAL NETWORKSPROFITABLE BUSINESSESPROPRIETORSHIPSPROTOTYPESQUERIESREAL COSTSREGULATORY AUTHORITIESREGULATORY ENVIRONMENTREIMBURSABLE GRANTSRESULTRESULTSRETURNRETURNSRISK AVERSIONRISK MITIGATIONSALARYSALESSALES SUPPORTSEED FUNDINGSENIORSMALL BUSINESSESSOCIAL NETWORKSOFTWARE SUITESOURCE OF INFORMATIONSTAKEHOLDERSTAKEHOLDERSSTART-UPSTART-UPSSUBSIDIZATIONSUPERVISIONSUPERVISIONSSUPPLY OF FINANCESUPPORT PROGRAMSTAX BURDENSTECHNICAL ASSISTANCETECHNICAL SKILLSTECHNICAL SUPPORTTECHNOLOGY ACCESSTECHNOLOGY INVESTMENTSTECHNOLOGY TRANSFERTELEPHONETRAINING PROGRAMTRANSLATIONTRUST FUNDTYPE OF INVESTMENTSVALUATIONVALUE CHAINVALUE CHAINSVENTURE CAPITALVOLUME OF INVESTMENTSWEBWEB PORTAL10.1596/21073