Looking ahead at the 2021 ABAN Strategy
As we begin our journey in 2021 and towards 2022, for our strategic plan, we will be taking a close look at how angel investors, syndicates and networks on the continent are evolving and how ABAN can continue to play its part in creating a conducive environment for angels across the continent.
We understand the relationship between angels and the startup ecosystems in which they invest and how accelerating technology-driven innovation is creating interconnectedness and interdependence between all the stakeholders.
We must therefore recognize that collaboration across ecosystems will be fundamental to our success as an organisation and to the growth of the African early-stage ecosystems we support.
ABAN was created to sustainably educate angels, facilitate angel groups and engage our policymakers on angel investing as an economic development tool. We are duty-bound as an organisation to ensure the delivery of valuable human and financial capital to African startups by our angels and networks.
This can only happen if we deliver on our commitments to our members and the ecosystems to which they belong, ensuring we foster sustainable growth in ways that will have the biggest economic impact on our continent.
I thank you for your commitment to being a proactive part of this journey as a member of the ABAN community.
Key Takeaways from 2021 ABAN Strategy Meeting
In designing our roadmap for 2021/2022, we settled on three (3) key focus areas:
- Onboarding, Educating and Engaging Angel Networks across Africa
To achieve this, we recognize the need to provide our existing angel networks with valuable services; ranging from providing mentorship and know-how to equip our angel communities with the right investment tools, to helping member networks identify and syndicate deals, to recruiting highly-qualified angel network founders and leaders in Africa and the diaspora.
We understand that our Angel Investing Networks are our only significant asset and our definition of success is contingent on the quality and commitment of our networks, which is why our core focus for 2021 is creating high-performing Angel Networks.
Our multi-pronged approach to creating high-performing Angel Networks is outlined below:
- Developing and supporting our Angel Investing Networks through tailored training
- Bringing together our member networks and other stakeholders with the Africa Early Stage Investor Summit (AESIS) 2021
- Undertaking an early-stage investor landscape survey to collate feedback, monitor performance, strengthen operations and align our strategic priorities with the efforts of our member networks
- Keeping the communication lines open through face-to-face meetings and focus groups, and connecting with our Angel Investing networks through the ABAN newsletter, Email newsfeed and social media platforms
2. Facilitating Angel Investments in African Cities–driven by the successful launch of Catalytic Africa
Through our joint initiative with Afrilabs, Catalytic Africa, we intend to spur increased angel investments across our Angel Networks by connecting angel capital with high-quality startups and de-risking investments through our innovative matching fund model to enhance investment returns.
Catalytic Africa would be open only to ABAN-Affiliated Angel Investors and Angel Networks and we are working toward launching by July 2021.
3. Engaging African Policy Makers on Angel Investing as a Development Asset
For 2021 ABAN is keen on establishing recognition by development partners and governments across Africa of Angel Investments as a development asset class.
We aim to achieve this by developing a theory of change built around angel investing and chronicling and quantifying the impacts that our member Angel Networks create to make a compelling case for increased focus and investment in the Angel Investment landscape.
We shall also develop a set of realistic, Angel Investing Network-focused outcomes and draft communications and engagement strategies with which we shall engage policymakers.