African Startups Now Have a Chance to Win $1 Million at the Seedstars World Competition 2018
Applications are now being accepted from Africa’s top high growth startups and entrepreneurs for the Seedstars World Competition – a global startup competition for emerging markets to help accelerate startups and entrepreneurs on their path to global scaling.
— VC4Africa (@VC4Africa) May 30, 2018
This year, Seedstars seems to be enlarging its impact on the African space as it would be touring over 20 cities across Sub-Saharan Africa for its bootcamp and startups pitch sessions, with the likes Mauritius and Zambia hosting the local competitions for the very first time and a kicking off for this year’s tour on the 29th of June in Harare, Zimbabwe.
The winners of each local event would be called up to represent their country at the Regional Summit in Africa after which they would be invited to the Seedstars Global Summit in Switzerland. The final is a week-long event will include bootcamps, specialized workshops, and conferences – to introduce their startup to some of the world’s most prominent investors and executives as well as an opportunity to win a VC investment of up to $1M and additional cash prizes.
Local winners will also have a chance to be part of the Seedstars acceleration program (Seedstars Growth) -a 3 month virtual acceleration program for about 10-20 winners selected from the local competition which would include an investment of $50k of which $20k covers the program and the chance for follow-on funding.
— Hire The Youth (@hiretheyouth) June 6, 2018
The startups that would be selected to pitch at the Seedstars local events need to be less than 2 years old, have garnered less than $500,000 in funding and a viable product already built (technology as core of the operation), with existing traction as well as venture profile published on VC4Africa platform, with up-to-date pitch decks attached.
Related Post: France to Support African Startups with €65m Fund
The startups should also ensure they have the ability to scale (regionally and globally), addressing social challenges in their areas as well as developing profitable products for the global market.
Applications are currently open here for startups in Nigeria until August 6th and the local event on August 17th, 2018.
Interested applicants can click here to get started.
If you’d like to get featured on our Entrepreneur Spotlight, click here to share your startup story with us.
Get latest Technology news, reviews, business-related content with a deliberate emphasis on the African narrative and insightful analysis in Nigeria – straight to your inbox.