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RippleNami, Inc. Selected by Capital Innovators to Receive Capital Investment in Fall 2016 Program

Company One of Only Six Chosen to Participate in Top 10-Ranked Seed Accelerator Program

SAN DIEGO, Calif.  …  September 26, 2016  …  RippleNami, Inc., a provider of a map-based data visualization platform accessed via the cloud, announced today that it has been selected to participate in the fall 2016 Capital Innovators program, one of the top 10 seed startup accelerator programs in the U.S. Capital Innovators provides startups with the resources and connections needed to get to the next level.

As one of only six companies selected from hundreds of applications submitted, RippleNami will initially receive a capital investment from St. Louis-based Capital Innovators, along with mentorship from a seasoned pool of knowledgeable experts, access to educational and social events and the opportunity to pitch to angel investors and venture capitalist firms at the end of the program.

“RippleNami is privileged to be chosen as a program participant in the fall 2016 Capital Innovators program. As our team continues to work hard around the globe bringing RippleNami’s novel mapping solutions that solve critical problems to developing countries, this infusion of capital will help us connect more of the unconnected. This unconnected population consists of organizations and common people all around the world that are in need of an easy-to-use mapping solution that allows them to map resources and situations to find what they need in their worlds. RippleNami makes this possible and this investment from Capital Innovators will help fuel the next phase of our growth. We are excited to have been chosen and to be in the company of other fast-growing, innovative and impressive startups in the program,” explained Jaye Connolly-LaBelle, president and chief executive officer at RippleNami.

Other companies chosen to participate in the fall 2016 Capital Innovators program include: AppBase, Collabra, Heartbeat, Stratifund and Sunstation USA.

About Capital Innovators

St. Louis-based Capital Innovators provides tech startups with seed funding, project based mentorship from a seasoned pool of knowledgeable experts, stellar perks, networking and follow-on-funding opportunities over the course of 12 weeks. It has been ranked as a top 10 accelerator in the

country for the last three years in a row by Forbes, Seedrankings.com and TechCrunch. CB Insights ranked it third in terms of follow-on funding behind Y-Combinator and Techstars. To learn more, go to http://www.capitalinnovators.com/.

About RippleNami

An industry game changer, RippleNami believes that, empowered with real-time, easily accessible information, people around the world can connect and foster positive change. RippleNami is redefining mapping with the first visualization platform that consolidates big data and provides information that really matters to users and their organizations. The Company’s cost-effective, device agnostic cloud-based platform delivers millions of real-time actionable data points on an intuitive map to customers across enterprises, nonprofits and foreign government agencies, enabling critical decision making and enhanced collaboration. With seamless integration, limitless customization and scalable architecture, RippleNami lets people chart their own world, streamlining communication and improving operational effectiveness. For more information about RippleNami, visit www.ripplenami.com.

RippleNami, Inc. Selected by Prosper Women Entrepreneurs to Receive Capital Investment

Company One of Only Six Chosen to Participate in Program Designed to Help Advance Women-led Businesses

SAN DIEGO, Calif.  …  August 24, 2016  …  RippleNami, Inc., a provider of a map-based data visualization platform accessed via the cloud, announced today that it has been selected to participate in the fall 2016 Prosper Women Entrepreneurs (PWE) Startup Accelerator program, one of the first in the country designed exclusively to help advance women-led businesses.

As one of only six elite women-led companies chosen, RippleNami will initially receive a capital investment from PWE, with the opportunity to earn follow-on funding.

Under the PWE program, in addition to the capital investment, all of the carefully chosen participants gain access to world-renowned mentors, exposure to a network of experts and investors and receive a customized curriculum designed to advance business growth and raise follow-on capital. The Accelerator culminates on Demo Day — November 9, 2016 — when each of the entrepreneurs will have an opportunity to present their plan to business leaders, venture capitalists, angel investors and potential clients.

“RippleNami is honored to be selected by PWE to participate in this program, which was strictly designed to champion women-led businesses. This is a very exciting time in our growth phase and with the financial and educational support from PWE, we will put all these resources to use in helping take RippleNami to the next level. The competition was fierce – RippleNami was selected from hundreds of applications submitted, which demonstrates the viability of and opportunity for our dynamic mapping solution and innovative technology. We appreciate the support PWE is affording our fast-growing startup through their women-targeted program,” said Jaye Connolly-LaBelle, president and chief executive officer at RippleNami.

The PWE Startup Accelerator, which has already graduated 16 companies and invested nearly $1.5 million in their successes, is aimed at supporting women-led startup businesses engaged in the technology, healthcare/technology and consumer products arenas. PWE defines a women-led business as a company with at least one woman in a position of leadership with significant and meaningful equity. PWE’s criteria for startups are those companies that have a working product and preferably customers. Previous cohorts were selected from applications representing more than 31 states and 41 countries.

Other companies chosen to participate in the fall 2016 PWE program include: Lean Media, St. Louis, Mo., Mindset, St. Louis, Mo., Music Spoke, Lincoln, Neb., Precision Image Analysis, Seattle, Wash., and, Soozie’s Doozie’s, St. Louis, Mo.

PWE’s three-month program provides an intensive experience for women, solely focused on their business growth. Based in the heart of St. Louis’ innovation district, participants commit to staying in St. Louis for 15 days throughout the three-month program, allowing them to solely concentrate on the rapid growth of their entities and raising capital.

About Prosper Women Entrepreneurs (PWE)

Founded in 2012, PWE comprises two divisions: PWE Startup Accelerator is a for-profit organization focused on increasing women entrepreneurs’ access to growth capital and the number of women investing in early-stage capital markets. PWE Institute is a non-profit organization focused on training and mentoring women in the entrepreneurial community. PWE is a group of business leaders, thinkers, doers, innovators and students whose efforts help to ensure that women entrepreneurs are a vital part of the future. For more information, please visit www.prosperstl.com.

About RippleNami

An industry game changer, RippleNami believes that, empowered with real-time, easily accessible information, people around the world can connect and foster positive change.  RippleNami is redefining mapping with the first visualization platform that consolidates big data and provides information that really matters to users and their organizations.  The Company’s cost-effective, device agnostic cloud-based platform delivers millions of real-time actionable data points on an intuitive map to customers across enterprises, nonprofits and foreign government agencies, enabling critical decision making and enhanced collaboration.  With seamless integration, limitless customization and scalable architecture, RippleNami lets people chart their own world, streamlining communication and improving operational effectiveness. For more information about RippleNami, visit www.ripplenami.com.

Entrepreneur: Africa – A New Business Frontier

While it’s common knowledge the challenges — real and perceived — of conducting business in Africa include political instability, loose regulations and — in some areas — disease and conflict, what’s often overlooked by entrepreneurs and enterprises alike is the tremendous untapped potential for companies willing to venture into the commercial landscape of this economically emergent continent.

Consider this: Sub-Saharan Africa’s GDP is expected to reach 4.8 percent in 2017, as compared with predictions of only 2.3 percent growth for China between 2016 and 2018. Thecontinent’s economy is expected to grow 5 percent in 2016 and, as of 2014, U.S. exports to Sub-Saharan Africa tripled to $25 billion.

Certainly, these stats, coupled with social and infrastructure development, suggest that launching or expanding a business in Africa merits consideration, at a minimum. Google has been investing in Africa for more than eight years, most recently with a $40 million investment in the Lake Turkana Wind Power Project in Kenya. Africa’s burgeoning tech hubs in Sub-Saharan Africa — often called Silicon Savannahs — are also attracting global tech companies and CrunchBase is projecting at least $1 billion in VC funding of local startups between 2012 and 2018.

However for those looking to do business in Africa for the first time, it can be a very daunting undertaking. Executives, contractors and other professionals charged with leading initiatives on the ground need to be aware of various cultural customs and challenges.

Here are seven tips to successfully navigate starting or expanding a business in Africa:

  1. Business is always personal. A key cultural difference in Africa compared to the U.S. is that there is no separation between professional and personal life. Before locals engage in any business activity, they must like and trust you on a personal level. Invest extra time in getting to know people you’re hoping to do business with and genuinely take an interest in their families, hobbies, cultures (including tribal interests) and aspirations.

  1. Stand firm on corruption. Despite economic advances, corruption still has a widespread presence in many regions in Africa. According to a recent reportby Transparency International, corruption in Africa is actually on the rise, with nearly 75 million people in the Sub-Saharan region estimated to have paid a bribe in the past year. Be clear from the beginning that your company will not engage in corruption and adopt a policy of transparency in terms of your company’s intentions with all concerned stakeholders.

  1. You can’t compete against free. Africa has been receiving supplies and services from nonprofits and foreign aid agencies for decades. As a result, locals are accustomed to receiving certain goods for free. Therefore, your product or service must be differentiated enough to warrant the price. Partnering with a public agency or NGO so that the “buyer” is someone other than the end user is a strategy some companies have taken to overcome this hurdle.

  1. Know your surroundings. Africa has a reputation of being a wild, largely uncharted frontier, and in some ways this is still an accurate description. Many buildings, land plots and other resources are not mapped. However, it’s critical to have an accurateand thorough understanding of regions in which you’re hoping to conduct business. RippleNami is a custom mapping platform that enables companies tointegrate data from countless sources in order to visualize the information that is most

https://www.entrepreneur.com/article/269601