To qualify for DEMO Africa 2015, start-ups must ensure that their products are scalable [so disruptive ideas are welcome], have the ability to impact the marketplace of introduction, a clear business plan and a team capable of delivering the product. The product must be ready for launch and the business must be legally registered.
The application window will remain open from March till the end of May, followed by all the qualifying applications being taken through an vetting process after which the top thirty will be invited to pitch on the DEMO Africa stage in September during the DEMO Africa event in Lagos, Nigeria.
The 12 application categories are:
– Media and entertainment,
– Transport and Logistics,
– Finance and Banking,
– Water and Sanitation,
– Waste Management and recycling.
The applications will be vetted by an executive panel comprising experts in business and tech. The best thirty start-ups will have a chance to launch their products to an ecosystem of VCs, investors, tech acquisition specialists, IT buyers and media from across the region and around the globe.
Last year, DEMO Africa presented 6 start-ups with a chance to tour the Silicon Valley to meet mentors and share with peers. These included; SpacePointe – Nigeria, Chura – Kenya, Nerve – Nigeria, Paysail – Ghana, Jifunza – Rwanda and Saisai-Zimbabwe. Recently, participants in VC4Africa research indicated they successfully raised USD 27 million, many of them being DEMO alumni.