https://www.africanscalecraft.com/investors-snapshot-shifts daily 0.75 2022-07-01 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/60fddd6b-81e2-4a4f-b82c-cd94890a7d72/Scaling+Report+Graphics_DD+png.068.png Investor Ecosystem Snapshots & Shifts - Make it stand out Figure 51: Ecosystem data discrepancies https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/1aae19f5-ca08-487e-af31-074b55fff798/Scaling+Report+Graphics_DD+png.069.png Investor Ecosystem Snapshots & Shifts - Make it stand out Figure 52: Equity Deal numbers ($100K+) 2021. Source: Chart: Rest of the World, Data The Big Deal https://www.africanscalecraft.com/team-advisors daily 0.75 2023-04-12 https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1607694583486-2PQT0LQ193RL7MCB6DX4/20140228_Trade+151_0046.jpg Team & Advisors https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1618497259178-6XJGK9GR6YAVBQL5L519/20140301_Trade-151_012-2.jpg Team & Advisors https://www.africanscalecraft.com/acknowledgments daily 0.75 2023-04-12 https://www.africanscalecraft.com/references daily 0.75 2022-08-16 https://www.africanscalecraft.com/connect-with-us daily 0.75 2022-07-07 https://www.africanscalecraft.com/socio-economic-realities daily 0.75 2022-07-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/5b2eb7b1-d7fe-4e30-a2bc-5744c2d1cd51/Scaling+Report+Graphics_DD+png.033.png Socio-economic Realities - Add title Figure 16: African cultural and ethnic diversity Source: National Geographic https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/b4a22788-5b84-4926-b0a2-913e5364b375/1_Africa+2022+GDP+Forecast-01.png Socio-economic Realities - Add commentary Figure 17: Africa, 2022 GPP forecast % change on a year earlier Source: The Economist https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/3b866a32-0ed5-4fbb-9000-8abc43ebbc31/Scaling+Report+Graphics_DD+png.035.png Socio-economic Realities - Add commentary Figure 18: A Growing Income Gap Source: IMF Staff Calculations, World Economic Outlook Database. (index 2019 = 100) https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1607694583486-2PQT0LQ193RL7MCB6DX4/20140228_Trade+151_0046.jpg Socio-economic Realities https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1618497259178-6XJGK9GR6YAVBQL5L519/20140301_Trade-151_012-2.jpg Socio-economic Realities https://www.africanscalecraft.com/recommendations daily 0.75 2022-07-08 https://www.africanscalecraft.com/scalingdna daily 0.75 2022-08-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/77de54ad-135f-4b0a-a422-fea2e44259d5/Scaling+Report+Graphics_DD+png.025.png Scale DNA - Make it stand out Figure 8: The scale-up DNA Source: Art of Scaling, Scale Up Nation https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/47e3e847-2e29-485f-8335-97ee421be42f/Scaling+Report+Graphics_DD+png.026.png Scale DNA - Make it stand out Figure 9: Impact orientation as a success factor for scaling up Source: Scale Up Nation, World Economic Forum https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/3cdeab19-dacc-45e3-a567-5ed138705280/Scaling+Report+Graphics_DD+png.027.png Scale DNA - Make it stand out Figure 10: Commercial vs social scaling Source: Systemic Innovation. https://www.africanscalecraft.com/scalingpathways daily 0.75 2022-07-29 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/08f4e159-7a09-470b-b29e-00aba9e98b70/Scaling+Report+Graphics+31+May+37.001.png Scaling Pathways - Make it stand out Figure 11: Cash curve comparisons Source: Out-Innovate https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/6ceda33b-4c0a-4ece-a533-706ffff4e4e7/Scaling+Report+Graphics_DD+png.029.png Scaling Pathways - Make it stand out Figure 12: The Scaling Journey Source: Nordic Scalers, Nordic Cooperation https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/e7d6cd97-08a1-4883-9c33-88735a5a3dcb/Scaling+Report+Graphics_DD+png.030.png Scaling Pathways - Make it stand out Figure 13: Startup Growth Checklist. Source: Founders Factory Africa, Briter Bridges https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/b77b8e88-06df-4a33-8cf3-43086bc5c175/Scaling+Report+Graphics_DD+png.031.png Scaling Pathways - Make it stand out Figure 14: Average return for investor after five years Source: BCG https://www.africanscalecraft.com/political-regulatory-barriers daily 0.75 2022-07-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/4cd73fdd-72c4-4618-9657-915229f685b9/2_Line+graph-01.png Political & Regulatory Barriers - Make it stand out Figure 19: World Bank’s Doing Business Scores, 2004-2020. Source: World Bank / EY https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/9b58c3f0-cd14-4e5a-9169-9974c17831d3/3_Map-01.png Political & Regulatory Barriers - Make it stand out Figure 20: Selected market local currency depreciation versus the dollar (2017-2018) Source: Sofala Partners https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1607694583486-2PQT0LQ193RL7MCB6DX4/20140228_Trade+151_0046.jpg Political & Regulatory Barriers https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1618497259178-6XJGK9GR6YAVBQL5L519/20140301_Trade-151_012-2.jpg Political & Regulatory Barriers https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1607694644871-IC85FNH781UNZSZEGHDR/Aro+Ha_0428.jpg Political & Regulatory Barriers https://www.africanscalecraft.com/emergent-ecosystem daily 0.75 2022-07-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/5430f3d7-5d2d-4ad7-8f02-e6c43a4c6179/Scaling+Report+Graphics_DD+png.039.png Emergent Factors - Make it stand out Figure 23: Measuring an Entrepreneurial Ecosystem. Source: The Kaufman Foundation https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/e07e33c4-72b8-4467-a4cf-57329796ae34/Scaling+Report+Graphics_DD+40.001.png Emergent Factors - Make it stand out Figure 24: Entrepreneurship ecosystems are more productive when people who have led scaled ventures are influential. Source: Endeavor Insights https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/b81dd934-d16e-471b-8cef-51e0a7113403/5_Hubs+Bar+chart-01.jpg Emergent Factors - Make it stand out Figure 25: What can or should hubs do to better serve entrepreneurs? Source: AfriLabs Capacity Building Needs Assessment https://www.africanscalecraft.com/stalledacceleration daily 0.75 2022-07-05 https://www.africanscalecraft.com/data-insights-knowledge daily 0.75 2022-07-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/c8f10b39-dbb5-4023-91f3-2a94b5e8b2dd/Scaling+Report+Graphics_DD+png.043.png Data, Insights, Knowledge - Make it stand out Figure 27: An augmented collective intelligence (ACI) framework. Source: Dark Matter & Lucid Minds https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/33060220-25ba-4143-8c24-7cf43177fb8e/Scaling+Report+Graphics_DD+png.044.png Data, Insights, Knowledge - Make it stand out Figure 28: Deploying demand-led knowledge. Source: Systemic innovation https://www.africanscalecraft.com/ecosystem-collaboration daily 0.75 2022-08-16 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/0839f20e-9b17-4336-ab24-267acb79a55a/Scaling+Report+Graphics_DD+png.045.png Towards a Dynamic, Collaborative Ecosystem - Make it stand out Figure 29: Assessing academia via the iceberg model. Source: Systemic Innovation https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/6fe3e7af-6cee-4a92-94e5-ba762dca0dac/Scaling+Report+Graphics_DD+png.046.png Towards a Dynamic, Collaborative Ecosystem - Make it stand out Figure 30: Ecosystem Collaboration Source: Systemic Innovation & Matter Innovation https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/554cdde0-3a94-43bd-8e35-766ead224d18/Scaling+Report+Graphics_DD+png.047.png Towards a Dynamic, Collaborative Ecosystem - Make it stand out Figure 31: Levels of Systemic Synergy Source: Dark Matter Labs https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/34fe66fa-5fb8-44a0-a229-8dab1495dc1b/Scaling+Report+Graphics_DD+png.048.png Towards a Dynamic, Collaborative Ecosystem - Make it stand out Figure 32: From shifting mindsets, to functional ecosystem collaboration Source: Systemic Innovation https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/327d5a01-0a9d-4e6f-96b3-6b70e3b8ce56/Scaling+Report+Graphics_DD+png.049.png Towards a Dynamic, Collaborative Ecosystem - Make it stand out Figure 33: Foresight Mechanics. Source: Envisioning & GIZ https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/b41d0d74-c570-4d94-856e-daad131b74f1/Scaling+Report+Graphics_DD+png.050.png Towards a Dynamic, Collaborative Ecosystem - Make it stand out Figure 34: Scaling Data & Intelligence - Ambition Horizon. Source: Systemic Innovation https://www.africanscalecraft.com/management-strategy daily 0.75 2022-07-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/f2a2dc15-3a3d-4ca7-bac4-e3b8b3ac53dc/Scaling+Report+Graphics_DD+55.001.png Growth & Management Strategies - Make it stand out Figure 38: How to win in Africa Source: McKinsey Insights https://www.africanscalecraft.com/scaling-practices daily 0.75 2022-08-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/8ac7f63e-bdd2-48e6-a636-d0f9836e4e32/Scaling+Report+Graphics_DD+png.057.png Scaleup Service Practices - Make it stand out Figure 41: Scale up service providers Source: Systemic Innovation https://www.africanscalecraft.com/founders-teams-snapshot daily 0.75 2022-06-27 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/1474ae78-588e-42df-b497-8719e5314586/Scaling+Report+Graphics_DD+png.061.png Founders & Leadership Teams - Figure 7.1: African founder startups make-up Figure 45: African founder startups make-up. Source: The Big Deal https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/ba6338b4-2d68-4d46-926c-026175806000/Scaling+Report+Graphics_DD+62.001.png Founders & Leadership Teams - Make it stand out Figure 46: Fundraising in Africa by location of the CEO’s university (2021) Source: The Big Deal https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1618497259178-6XJGK9GR6YAVBQL5L519/20140301_Trade-151_012-2.jpg Founders & Leadership Teams https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1607694583486-2PQT0LQ193RL7MCB6DX4/20140228_Trade+151_0046.jpg Founders & Leadership Teams https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1607694644871-IC85FNH781UNZSZEGHDR/Aro+Ha_0428.jpg Founders & Leadership Teams https://www.africanscalecraft.com/leadership-human-capital daily 0.75 2022-10-07 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/c33a2229-ef24-4acf-9b14-6d3e3ad8454b/Scaling+Report+Graphics+31+May+742.001.png Leadership & Human Capital - Make it stand out Figure 47: Strong management and leadership are the most important factors for scaling success Source: Upshot / Scale Up Nation https://www.africanscalecraft.com/peopleinnovations daily 0.75 2022-07-14 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/a663ca60-290e-4609-9ec2-c0ba983bd0ee/Scaling+Report+Graphics_DD+64.001.jpeg Market & Systems Interventions - Figure 7.4. The jobtech landscape Figure 48: The jobtech landscape. Source: Briter Bridges https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/0c47620a-2d90-4eb5-a889-37a1cb3ecf7c/Scaling+Report+Graphics_DD+png.065.png Market & Systems Interventions - Make it stand out Figure 49: Top 10 skills of 2025 Source: World Economic Forum https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1618497259178-6XJGK9GR6YAVBQL5L519/20140301_Trade-151_012-2.jpg Market & Systems Interventions https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1607694644871-IC85FNH781UNZSZEGHDR/Aro+Ha_0428.jpg Market & Systems Interventions https://images.squarespace-cdn.com/content/v1/5ec321c2af33de48734cc929/1607694583486-2PQT0LQ193RL7MCB6DX4/20140228_Trade+151_0046.jpg Market & Systems Interventions https://www.africanscalecraft.com/definingscale daily 0.75 2022-07-08 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/9e837b8b-9ffd-46b5-b5ac-ecbde733618e/Scaling+Report+Graphics_DD+png.024.png Defining Scale - Figure x ADD Figure 7: Differentiating a startup from a scale-up Source: Startup Commons https://www.africanscalecraft.com/approach daily 0.75 2022-08-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/7a789c9d-7207-4c2a-957b-b165198e0025/Scaling+Report+Graphics_DD+png.021.png Approach - Make it stand out Figure 4: A strategic applied research approach. Source: HYBR Group UK / Systemic Innovation https://www.africanscalecraft.com/methodology daily 0.75 2022-08-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/30b1edb6-a08c-4253-849e-75c824ad8af6/interview+word+cloud.jpg Methodology - Make it stand out Figure 5: The issues our interviewees talked about the most Source: Systemic innovation https://www.africanscalecraft.com/innovation-infrastructure daily 0.75 2022-08-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/f65150e9-85ee-48e8-b4b5-e786a3210a8c/Scaling+Report+Graphics_DD+png.066.png Innovation infrastructure - Make it stand out Figure 21: Innovating learning models. Source: Systemic innovation https://www.africanscalecraft.com/accelerationgoals daily 0.75 2022-07-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/801e73d9-b195-45c6-a164-867404311509/Scaling+Report+Graphics_DD+png.042.png Accelerating Goals - Make it stand out Figure 26: 15 Acceleration Goals Source: Systemic Innovation https://www.africanscalecraft.com/scaling-attributes daily 0.75 2022-07-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/12013fa0-44a0-45cc-9c95-54931ba6ed71/Scaling+Report+Graphics_DD+png.052.png Pre-determining Attributes - Make it stand out Figure 36: Scale Prevalence Source: London Business School, Wheeler Institute for Business and Development https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/32f3c2ff-9f0f-4e32-8804-2a1124e4b44b/Scaling+Report+Graphics_DD+png.053.png Pre-determining Attributes - Make it stand out Figure 37: Africa’s Fastest Growing Companies 2022 Source: Financial Times https://www.africanscalecraft.com/international-growth daily 0.75 2022-08-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/fea2582d-1651-4589-82cb-d9cbb3a1d138/Scaling+Report+Graphics_DD+png.055.png International Growth Plays - Make it stand out Figure 39: Outbound intra-trade considerations. Source: Systemic innovation https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/525ffa68-1263-44c8-af53-88968a74feaa/Scaling+Report+Graphics_DD+png.056.png International Growth Plays - Make it stand out Figure 40: Local versus global winners Source: Out-Innovate https://www.africanscalecraft.com/scaling-solutions daily 0.75 2022-08-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/4d43c1a9-ae0f-4d25-8c22-dc3069b3965a/Scaling+Report+Graphics_DD+png.059.png Scaling Service Provider Solutions - Make it stand out Figure 43 System ventures navigation Source: Systemic Innovation https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/180e279a-a304-4380-91c4-357198e6880a/58_Trailblazing+impact-01.png Scaling Service Provider Solutions - Make it stand out Figure 42: Successful trailblazers scaling tactics Source: Scale Up Nation / World Economic Forum https://www.africanscalecraft.com/innovation-culture daily 0.75 2022-06-16 https://www.africanscalecraft.com/contextualindex daily 0.75 2022-06-27 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/fe1a7a70-87ad-4b71-b402-67fabdff88e5/Scaling+Report+Graphics_DD+png.008.png Overview - Make it stand out Figure 15: African contextual factors map. https://www.africanscalecraft.com/scaling-ventures-index daily 0.75 2022-08-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/35f1b241-b74c-4e16-bf6c-bb20bbeee37b/Scaling+Report+Graphics+31+May+16.001.png Overview - Make it stand out Figure 35: Scaling Ventures map. https://www.africanscalecraft.com/people-index daily 0.75 2022-08-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/cd740ecf-7f19-4651-84c0-20556cd8d544/Scaling+Report+Graphics_DD+png.010.png Overview - Make it stand out Figure 44: People map https://www.africanscalecraft.com/index-ecosystem daily 0.75 2022-08-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/8e1a99b0-282c-44f7-8cb1-f4290d5ddb31/09_EnablingEcosystem-03.png Overview - Make it stand out Figure 22: The enabling ecosystem map https://www.africanscalecraft.com/art-science-scaling-index daily 0.75 2022-08-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/28c3b8e0-36c7-418b-bf04-eabcda298eb5/Scaling+Report+Graphics_DD+png.007.png Overview - Make it stand out Figure 6: The Art & Science of Scaling. https://www.africanscalecraft.com/investor-capital daily 0.75 2022-08-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/f2614fae-d6b4-4d76-b369-edad51e7eeaa/Scaling+Report+Graphics_DD+png.011.png Overview - Make it stand out Figure 50: Capital & Investors map https://www.africanscalecraft.com/institutional-actors daily 0.75 2022-07-01 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/878627cd-4bec-4a04-82f7-f2a7e337878f/Scaling+Report+Graphics_DD+png.070.png Institutional Actors - Make it stand out Figure 53: Placing Corporate Venture Capital (CVC). Source: BCG analysis https://www.africanscalecraft.com/investor-propositions daily 0.75 2022-07-08 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/bbeb2457-22aa-4e95-9c1e-76cc8b480d89/Scaling+Report+Graphics_DD+png.071.png Investor Propositions - Make it stand out Figure 54: A range of requisite leadership skills Source: Scale Up Nation https://www.africanscalecraft.com/citation daily 0.75 2022-06-14 https://www.africanscalecraft.com/next-steps daily 0.75 2022-06-16 https://www.africanscalecraft.com/home daily 1.0 2024-03-04 https://www.africanscalecraft.com/rationale daily 0.75 2022-08-05 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/51c7bb54-bdc0-45b0-a260-969b5ae49dd2/Scaling+Research+Questions Rationale - Make it stand out Figure 3: Unanswered scaling research questions. Source: Systemic Innovation https://www.africanscalecraft.com/authorsnote daily 0.75 2022-06-14 https://www.africanscalecraft.com/summary-overview daily 0.75 2022-07-08 https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/5e037043-8b1f-44c9-a9b9-cbd48a3df516/Prevailing+trends_circle+V2.png Executive Summary - Make it stand out Figure 1: Trends, patterns and contextual factors relevant to scaling ventures. Data: Multiple sources (request details). Source: Systemic Innovation https://images.squarespace-cdn.com/content/v1/624ed5716917530ed96e46ad/d5d3e3b3-e1ce-4abc-9378-b51e971a6098/Scaling+in+Africa+Circle+V2.png Executive Summary