Aptive Capital Calls on Startups Compete Online for $10k Investment

• Aptive Capital, a US investor calls on startups to compete for $10k investment in an online pitch.
• To qualify start-ups must either be based in Nigeria, Ghana, Kenya, South Africa, Egypt and Ethiopia and have a minimum viable product ( MVP) or be a revenue-generating start-up or a business in need of funding.
• From the 1st of June on a recurring basis, 25 startups and businesses will be invited to participate in one-on-one Zoom pitches. 10 applicants will then be chosen to participate in the final pitch which will take place between 15 and 19 June.

Aptive Capital, a US investor calls on startups to compete for $10k investment in an online pitch. The investor is looking to invest $10,000 each in five startups that come out top in a virtual pitching competition.

The investor, which seeks to support entrepreneurs and innovators with a focus on social impact, was launched earlier this year with the aim of bridging the funding gap due to the coronavirus pandemic.

Applications close on 10th of June.

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In order to qualify start-ups must either be based in Nigeria, Ghana, Kenya, South Africa, Egypt and Ethiopia and have a minimum viable product ( MVP) or be a revenue-generating start-up or a business in need of funding.

In addition, applicants must be ready to scale and have a team with at least two founders.

Applicants must make a 30 to 60-second video introducing their company, the problem they are aiming to solve, and the solution they provide, as well as the social impact they have on the community.

From the 1st of June on a recurring basis, 25 startups and businesses will be invited to participate in one-on-one Zoom pitches. From this initial amount, 10 applicants will be chosen to participate in the final pitch which will take place between 15 and 19 June – the exact date is still be announced. Five winners will then each earn an investment of 10 000 dollars in equity.