Publiseer, 153 Other Nigerian Startups Listed as ‘Most Needed Companies in the Region’
Publiseer’s reputation has continued to rise in recent times. The publishing startup has now been named one of the ‘Most Needed in the Region’ at the 2018 African Entrepreneurship Award hosted by BMCE Bank of Africa.
— @techawkNG (@techawkng) June 8, 2018
This is the latest endorsement Publiseer has received over the last couple of months. Last month, the startup got rave reviews after it scaled its operations to profitability within a year. The startup recorded earnings of N3,921,367 according to its financial reports.
To add to this, the startup also signed a slew of new partnerships for its digital publishing and also made it into two start competitions, one of which is the Disrupt Africa pitch. Publiseer also made it to the finals of the Startup Istanbul competition. It also emerged as a finalist at the Harvard Business School New Venture Competition 2018.
About the Africa Entrepreneurship Award
The African Entrepreneurship Award (AEAward) is a $1m funding, mentorship, and angel investing network. Each year, the African Entrepreneurship Award welcomes angel investors to mentor and select businesses for investing. Hosted in Morocco, the Award gets plenty of support from the BCME Bank of Africa, one of the largest commercial banks in Morocco. The goal of AEAward is to close the gap in startup funding in Africa. Business proposals are from Africans accepted are accepted for only two categories: Innovation or Sports Entrepreneurship and Sports.
To be eligible for the award and any recognition, startups have to show that their ideas are durable, multifunctional, and environmentally sustainable. And of course, start-ups have to show potentials of being Pan-African.
The Award usually has three rounds to it. At each round, entrepreneurs answer questions about their ideas and how solid and realistic their financial projections are.
After the rounds, finalists are invited to Morocco for a three day BootCamp, after which they can make their final pitch at the Presidential Jury. The Presidential Jury gets to select which startup deserves the coveted $1m fund and mentorship perks.
Publiseer Gets Recognition Alongside 500 Other Companies
This year, Publiseer got the recognition of ‘Most Needed in the Region’. It’s not an award per se. It’s more of (and truly) a recognition of its innovation. Now, this recognition did not come cheap. With over 4,900 other businesses from 49 African countries, the startup got a good review.
Publiseer got the recognition of ‘Most Needed in the Region’ alongside 508 other African businesses. There were 154 companies from Nigeria on that list; making the country the hottest location for breakthrough ideas. Following Nigeria on that list was South Africa, which had 32 companies.
81% of the companies on that list are from Anglophone countries, 18% from Francophone countries, while just 1% is from the Portuguese speaking part of Africa. There’s also the gender side to this list too, with males creating 76% of these companies, while women founded 24%.
A deeper insight into this list reveals a lot about the development levels of some of these companies. 38% of these companies are still in their idea stage, developing prototypes. 33% are in their seed stage, requiring funds to kick-start their business ideas. While 39% of these companies are full-blown start-ups; seeded, and with viable innovations.
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.