Following a successful run in Kampala, Uganda. Seedstars World, the international early-stage startup accelerator for startups in emerging markets is pitching a tent in Nairobi, Kenya. In search of the most promising startup from the Kenyan market.
What makes a Startup as per Seedstars World Competition?
The full information on the threshold requirement to apply for the competition is available here. However, below is a summary:
The startup must not have been in existence for more than two years
It capital funding must not have exceeded $500,000
Must have a minimum viable product already built
The product must have recorded some impressive traction already
“Kenya has shown impressive development in the startup and tech entrepreneurship ecosystem not just within the country but also for Africa,” said Selam Kebede, the Associate for Africa at Seedstars World.
“We are looking forward to see what the young innovators have got in stock for us and cannot wait to meet them all in person.”
Interested startups have up to until October 1st, 2016 to apply. Successful applicants will be called to pitch on October 7th, 2016.
The Nairobi leg of the competition was organized by CFC Stanbic Bank in partnership with iAfrikan, Omidyar Network, and Lionesses of Africa.
“As a bank, we remain committed to moving business minded people forward, and this is one way of doing so,” said Ben Wandawanda, the Head of Business Banking at CfC Stanbic Bank. “We look forward to the 2016 event as we give yet another startup the opportunity to compete on the global stage.”