Startups from across Uganda, you are invited to apply to the Seedstars Kampala competition. A contest by Seedstars World, the global seed-stage startup competition featuring fast-growing startups from the emerging markets.
Seedstars World is currently receiving applications for startups in Uganda that would like to pitch at the Seedstars Kampala. The competition will feature top 10 most promising seed-stage startups, which will go head-to-head against each other for the chance to be selected to represent Uganda at the Seedstars Summit and stand a chance to win $1 million equity investment.
Selam Kebede, the Associate at Seedstars World, said, “The startup ecosystem in Uganda has been growing exponentially, and so does the quality of the startups themselves. We are looking forward to see what awaits us in this exciting place and cannot wait for our events on the 30th.”
The minimum requirement for startups to be eligible to participate in the competition is; they must have been in operation for less than two years, have capital funding of less than $500,000. They must also have a demonstrable (minimum viable) product that ideally has had some traction in the market.
Startups in Uganda have until September 22nd, 2016 to apply. The selected startups will be invited to pitch their product at the Outbox Center on September 30th, 2016. The Outbox is an incubation/collaboration/co-creation space for techies.
The Seedstars Kampala has been organized by the Stanbic Bank Uganda and Outbox in collaboration with iAfrikan, Lionesses of Africa, VC4A, Intel, and Brussels Airlines.
“As Stanbic Bank, we are committed to nurturing young business talent and supporting the growth of startups companies because we recognize the vital role they play in the transformation of the economy, “ said Wayne Cook, the Head of Business Banking at Stanbic Bank.
“They bring fresh ideas and a different approach to getting things done; this resonates with the way Stanbic Bank thinks and approaches challenges when we are developing innovative financial solutions. This year’s theme of finding startup companies that will solve regional issues means that they will be able to drive their profitability while solving socio-economic issues.”