ICTworks by Inveneo

African Diaspora send over $40 billion dollars in remittances every year, but is that enough to inspire innovation and entrepreneurship across the continent? Project Diaspora doesn't think so, and in response they've started the BizSpring Africa Enterprise Development Program.

BizSpring is a multi-platform effort to leverage capital inflow from Diaspora and global investment for African small and medium sized business growth in Africa. It will consist of on-line networking, in-person innovation and entrepreneurship conferences, and a resource database that tap global skills and motivation to act as a linkage between Africa’s entrepreneurs and innovators with resources to grow and prosper.

The first conference is planned for October 2010 in Lagos, Nigeria and it is branded in the West African sub region as the Adwuma Mbomu Program. This is being co-managed by PD partner, LoftyInc Allied Partners, a West African venture incubator, and it’s Nigerian subsidiary, Touchstone GIS and will be held in coordination with University of Lagos Faculty of Business Administration.

BizSpring is also affiliated with the Monterey Institute of International Studies, Graduate School of International Policy and Management, in Monterey, California, to facilitate introductions and collaborations with additional African educational instutitions.