Ten seed stage startups from Tanzania will on 20 July 2017 compete to represent the country at the Seedstars Summit and stand a chance to raise up to USD 500 000 in equity investment from the Seedstars World in Switzerland, the global seed-stage startup competition for emerging markets.
Coming to Tanzania for the 3rd time, the event will hold at Buni Hub, in Dar el Salaam and will look for startups that have built a minimum viable product, are solving local problems ideally with existing traction and can scale regionally or globally. Seedstars World is looking for smart startups that solve regional issues and develop profitable products for the global market, to support their regional businesses and growth.
Up to 10 of the best seed stage startups in Tanzania will be invited to pitch for the opportunity to compete at the Seedstars Summit, that annually takes place . At the same time, Seedstars World is also working very closely with Enel Green Power to source the most innovative business models in the energy sectors and ones that are fostering 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.
Seedstars World is travelling to more than 65 countries this year to identify the best seed-stage entrepreneurs and provide them with an opportunity to win up to USD 500 000 and network with investors and mentors from around the world. Its previous participants have raised over USD 61M collectively, providing employment to more than 800 employees worldwide.
Applications are still open, and startups can apply here: https://seedsta.rs/dar2017 by Thursday 13th of July. Attendees have to RSVP on the same link to attend the event.