The international business incubator and seed funder, 1776, is currently receiving applications to its global startups competition, the Challenge Cup. The Challenge Cup is a global tournament bringing the best of the best of startups from across the globe to compete for cash prizes and investments.
For the African continent, the Challenge Cup will be presented to startups through a partnership between 1776 and the Revolution and the Global Entrepreneurship Week. The Challenge Cup competition will take place in three elimination stages: Local, Regional and Global finals.
The Local competitions will take place in the following countries in Africa; Uganda, Ethiopia, Zimbabwe, Ghana, Morocco, South Africa and Kenya. Startups that emerge winner in the Local competition will advance to the Regional competitions that will take place on Feb 18th, 2016 at the iHub in Nairobi, Kenya.
While, at the Local level of the competition, startups will pitch before a panel of local judges. Only three startups will be nominated to advance to the Regional competitions in Nairobi. From the Regional competitions, 5 startups will be selected to advance to the Global competition.
The Challenge Cup Global finals will be held in June 2016 in Washington D.C., and all the Regional winners will come to compete against each other. They will be competing for a $175,000 in cash price and $1million in investment.
“Innovative startups are emerging in places far beyond traditional entrepreneurial centers like Silicon Valley. For this year’s Challenge Cup, 1776 will search both expected and unexpected places, leaving no stone unturned to find tomorrow’s game-changing companies.” – Evan Burfield, co-founder and CEO at 1776.
Last year, the Challenge Cup Global Finals winner was Twiga Foods. A mobile-based vendor supplying fruits to African retails outlets, market stalls and kiosks.
If you would like to participate in the Challenge Cup 2016, go to 1776 website to apply.