Seven African tech startups will compete in the Seedstars World regional finals next week for a place in the grand final and the chance to secure US$500,000 in equity investment.
The annual Seedstars World competition, which is taking place virtually for this cycle, received over 5,000 applicants from across the world, with 94 startups from emerging markets advancing to the regional stage.
The Seedstars World regional finals will take place next week, with seven African tech startups competing for a spot in the grand final and a chance to win US$500,000 in equity investment.
The annual Seedstars World competition, which is being held digitally this year, received over 5,000 applications from all over the world, with 94 startups from emerging markets making it to the regional level.
Twenty startups have been chosen to participate in next week’s regional finals for a place in the global final, where the grand prize is US$500,000 in funding. Previous winners of the competition include African startups Giraffe and AgroCenta.
Seven African startups are among the 20 chosen from around the world, including Nigerian fintech startup Ladda, Tanzanian food-tech platform Flamingo Foods, Ethiopian e-health service Rohobot, Ivorian information-gathering platform Capture Solutions, Zambian fintech business Sparco, Egyptian e-commerce startup Al-Mawwan, and Tunisian logistics platform Fulfilment.
Following the regionals, ten entrepreneurs will earn US$50,000 in funding as part of a one-month Investment Readiness Program before competing in the grand final for a chance to win US$500,000 in equity funding.