The panel aims to explore the business case for investment in startups and innovative ventures in emerging markets. With what mechanisms does investment happen in reality? At what stage do investors come into play, and what goals does investment empower startups to deliver? With speakers from international funding bodies and local startup incubators, we will gain insights into the types of investments for early-stage businesses. We will make case studies of successful spin-outs from developing countries, and try to paint a larger picture of what raising capital looks like in the developing world.