As part of a global effort to cover startups in 65 countries, Seedstars World –the global seed stage startup competition for emerging markets and fast-growing startup ecosystems — has announced its African tour that will see it travel through 20 countries looking for promising entrepreneurs.
These efforts would comprise boot camps and pitching competitions in 65 of these countries around the globe. Alongside boot camps, each country visited will host a pitching competition with prizes including the opportunity to compete at the Seedstars Summit in Switzerland with up to $1 million in equity investment and additional prizes.
With the exception of Mali, Zimbabwe and Sudan that have just been added to the list, this is the fourth time the organisation is embarking on such a tour.
Nigeria’s own SimplePay was 2013 winner of the prize money followed in 2014 by Flitto, a global crowd-sourcing translation platform. South African startup Giraffe won last year’s edition and received the equity investment,
Seedstars World is kicking off this year’s tour on the 13th of May with the first event being held in Maputo, Mozambique.
According to Alisee De Tonnac, CEO of Seedstars World,
“We are incredibly excited about this year’s Seedstars World tour and how it ties into our other initiatives such as Seedspace and the Seedstars Academy in Lagos. Our goal is to impact people’s lives in emerging markets through the use of technology and we will have a very strong focus on expanding our impact around the world and on the African continent in particular.”
Starting from today, Seedstars World will accept applications from startups in Mozambique, South Africa, Botswana, Angola, Nigeria, Ghana, Ivory Coast, Mali, Senegal, Rwanda, Uganda, Kenya, Tanzania, Ethiopia, Sudan, Zimbabwe, Morocco, Algeria, Egypt and Tunisia.
The companies applying need to be less than 2 years old, have received less than US$500 000 in funding, have an available MVP and the potential to scale regionally and globally. If you meet the above criteria or know anybody that does, apply via the Seedstars World website.
Nigerian startups raised $17.6m in Q1 2019, 8.5% higher than they did in Q1 2018. Find out more in the latest quarterly edition of the Nigerian Startup Funding Report here.