I recently returned from my first trip to Meltwater Entrepreneurial School of Technology (MEST), in Ghana, invited by Meltwater CEO Jorn Lyseggen, who invited me because of my background in venture capital. I was asked to contribute to the trainees’ (known in MEST as Entrepreneurs-in-Training or “EITs”) knowledge based on my venture capital experience as well as my experience in working with people in developing countries. Since I recently joined the company, it was also an opportunity to learn about MEST. I will post on this blog in two parts: the first is my thoughts on development work in Africa, and the second will be my thoughts and experiences at MEST.
Like many people (and no matter how many times I visit), I romanticize the possibilities and the dangers when visiting Africa. Then I arrive and realize that between MTN and the multi-million dollar black market, entrepreneurial spirit and opportunity are already established in Ghana and executed through at least one mobile phone per person. This being my third trip to Africa, I was once again grateful to be presented with the warmth of the people and the vast landscape of possibility.
During my first meal in Accra, DeLanee, a Senior Faculty member, set my understanding of Ghanaians through telling a story of why her car had lost its muffler numerous times (now it just runs without). As is in every country, a lack of car knowledge can potentially be expensive when something goes wrong with your car. However, aside from losing her muffler, DeLanee’s story illustrated how a simple wave of the index finger and saying: “That’s not nice” will quickly solve any disagreement and the situation will likely end in a gracious smile on both sides.
I speak to this story not only to give you a quick exit to your problems if you are ever in Ghana, but more of an indication of the compassionate demeanor of the people I met in Ghana during this trip.
With international companies popping up in droves and extreme poverty down the street, how can an organization like MEST effectively invest in the people of Ghana? Do you come in like many humanitarian international organizations focusing on extreme poverty, HIV, Malaria and other causes that directly impact the very bottom of the pyramid? Do you not come in at all and just contribute financially, leaving the problem solving to those who “know”? Meltwater’s way of answering these questions is through MEST. In a previous post on this blog, the idea behind MEST was explained. I had the chance to experience first-hand the ideas put into practice.
It was a privilege to work with MEST and to see how the Management Team has taken a unique approach and ambitious course of action. Unlike other organizations working in Africa that face various barriers and red tape, MEST is not dependent on any other entities (funders, government, etc…).
Instead of focusing on replenishing basic needs, MEST focuses on training and mentoring college graduates; those with strong money making potential. This unique approach will likely create a trickle down effect that will increase wealth, opportunity, and optimism for all Ghanaians.
As Jorn would say: “People are people anywhere, talent is talent anywhere”. I would agree. The only real difference between people in the developed world and those in the developing world is access to opportunity and capital.
Market in Accra, Ghana with sneakers for sale
A local butcher shop
Market in Accra, Ghana
Jorn with some EITs, Class of 2010
Eyram's gaming company, officially incorporated
Bridge built by EITs connecting Meltwater News office, GenKey and MEST
MEST Management Team - Senior Faculty & MDs
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That is some good work there. Awesome to see a company that is smart enough to find the best throughout the world…
Agree, great post, great work, and interesting approach. I have one question about the MEST model, is there any concern that the trickle down effect will be diminished by those who achieve success choosing to move out of Ghana or at least spend their money outside the Ghanaian marketplace?
Zak,
Great question. MEST is focused on starting companies headquartered in Ghana, but with a global focus. One of the measures of success is seeing your peers and local citizens build these global sized companies. These opportunities and successes are not widely seen. Part of the trickle down effect is creating the awareness and realization that Ghanaians creating global companies is possible. In addition, the EITs I met at MEST are extremely determined to stay in Ghana and give back to their country. They see themselves as pioneers and they all want to make a difference in Ghana. Thanks for the question, I would love to hear more thoughts on this and other aspects of the blog.
What kind of projects are the entrepreneurs working on? I have heard of some programs that encourage all types of entrepreneurship, but we know that not all companies will ultimately do more good than harm based on their products or services.
Also, maybe Meltwater could take this program to the next level by creating an exchange program where Meltwater employees go to MEST and switch with MEST trainees who get to see what business looks like in the US.
And/or Meltwater could create a mentoring or partnership program where Meltwater employees pair up with MEST trainees for a long term mutually beneficial partnership/relationship.
This organization has done some of this work and may have best practices that could be helpful: http://www.endeavor.org/ but it is kind of controversial (I think) because as far as I know they encourage ANY kind of business… which can be counterproductive.
Great pictures- It sounds like it was a great trip
Every time I read something about MEST I get re-inspired!!!
A somewhat longish “Ooooooooooo” will normally also do the same job as “That’s Not Nice!”
Nice post!