Seedstars World 2016 has launched and is promising to give out up to $1m in equity to the winning startup, up from $500,000 last year.
The global seed stage startup competition for emerging markets and fast-growing startup ecosystems is returning to Africa to scout for the best high growth startups and entrepreneurs and accelerate them on their path to global success.
On the 2016 edition of their world tour, they will visit 20 countries across the continent and 65 globally to host bootcamps and pitch competitions. The best startup in each country will have the opportunity to compete at the Seedstars Summit in Switzerland with the possibility of walking away with up to $1 million in equity investment and additional prizes.
New countries on the list include Mali, Zimbabwe and Sudan to the list among others. Seedstars World 2015 winner, South African startup Giraffe received $500,000 for the top prize and as well raised an undiclosed sum from Omidyar Network.
Starting from today, Seedstars World will accept applications from startups in Mozambique, South Africa, Botswana, Angola, Nigeria, Ghana, Ivory Coast, Mali, Senegal, Rwanda, Uganda, Kenya, Tanzania, Ethiopia, Sudan, Zimbabwe, Morocco, Algeria, Egypt and Tunisia through http://www.seedstarsworld.com/. The companies applying need to be less than 2 years old, have received less than USD 500,000 in funding, have an available MVP and the potential to scale regionally and globally.