500,000 dollar funding: Seedstars searches for Ghana’s most promising startup
Seedstars World is searching for 10 Ghanaian seed-stage startups to participate in a pitch on September 1st, in Ghana. Among other prizes, the winner will compete for up to USD 500 000 in equity funding at the Seedstars Summit holding next year in Switzerland.
The pitch, which will be hosted by Impact Hub Accra, makes this the third time Seedstars World is visiting Ghana. Chalkboard Education, a mobile app for e-learning, cofounded by Adrien Bouilot and Miora Randriambeloma, clinched the first position at the Seedstars World Accra in 2016.
“We are impressed by what we have seen in the continent so far, and cannot wait to add startups from Ghana on our map,” said Anis Kallel, the associate for Africa at Seedstars World.
The criteria for companies interested in the pitch include:
– Not less than 2 years old
– Have raised less than $500,000 in funding
– Have built a MVP and gained traction
Another criterion for applying startups is their capacity to solve regional issues and develop profitable products for the global market, to support their regional businesses and growth.
Seedstars World has a strong network of international partners such as BBVA, Merck, Enel, Trecc and Standard Bank.
Meanwhile, Seedstars World in partnership with Enel Green Power wants to identify companies in the energy sector that have innovative business models and can foster socio-economic development in rural villages in Africa. Up to 5 best startups in this sector will be invited for an exclusive RES4Africa networking event taking place later this November in Nairobi and compete for an Africa Energy Prize which consists of a financial contribution and a three-month acceleration programme for a total value of up to 50,000 USD.
Also, it has partnered with Merck Accelerator to support seed-stage companies whose focus are on healthcare, life science and performance materials in Ghana and across Asia and Africa. The most promising HealthTech startups will receive office space in the Merck Innovation Center in Kenya or Germany, mentoring and coaching on a regular basis and financial support of up to €50,000.
Startups interested in the pitch can apply here before the entries closes on August 24th.
Deji Aroloye91 Posts
a graduate of Linguistics and a staff writer at Outrepreneurs, Deji's forte includes tech, startups and innovations. Years back, Deji wrote on Entertainment and Lifestyle for a tabloid. If he wasn't a writer, Deji would be a photographer or teacher.