Seedstars World has been described in some quotas as the biggest seed stage startup competition, and it is coming to Mozambique to fish out most promising startups for funding.
This is a call out to all budding entrepreneurs in the Southern Africa country who believe they have a promising startup. This is your chance to get funding to scale your business accompanied with free publicity, and expand your network and start talking to possible investors/partners.
Dubbed the Seedstars Maputo, the competition is looking for promising startups that are less than 2-years-old. The startup must have raised over $500,000 in funding and have a demonstrable viable product. The product must have registered some traction and be scalable.
Out of the applications received, Seedstars Maputo will select the top 10, who will proceed to the next stage of pitching in front a panel of judges. These 10 startups will further be vetted to come up with the overall winner who will proceed to the next stage of the competition; Seedstars Summit in Switzerland.
The annual world-stage Seedstars Summit will have various startups coming to represent different world regions. In the last summit, Mozambique was represented by the BlackBox TV, a startup company allowing users to stream content without internet connection using just digital broadcast.
Claudia Makadristo, the Seedstars Regional Manage for Africa said, “We are extremely proud of all startups that competed in the previous edition. BlackBox TV represented Mozambique well during the global summit and was nominated for the most innovative startup. But also runner-up IzyShop who managed to gain significant traction. We see clearly that the quality of entrepreneurs improves every year and that the ecosystem is growing due to so many committed partners.
In addition, we are really seeing the ecosystem come together and more collaboration between the ecosystem players. We cannot wait to come back.”
Seedstars is encouraging startups from across the country to apply for the competition on or before June 8th, 2017. The main content will happen on June 14th.