On November 4th, up to 10 of Botswana’s best seed stage startups will compete to represent the country at the Seedstars Summit and win up to USD 1 million in equity investment.
The Botswana competition is carried out with the support of local lead partner, Stanbic Bank Botswana and local ambassador Thabo Theron, who is representing the initiative throughout the year. Further support is provided by regional partners Microsoft and Intel. Other supporters include Botswana Innovation Hub and VC4Africa, amongst others.
The companies selected to pitch at the Seedstars Gaborone event need to be less than 2 years old, have raised less than USD 500,000 in funding and have built a minimum viable product, ideally with existing traction. The Seedstars World team is searching for one additional criterion – the startup’s regional and global scalability. With a strong network of international partners such as Inmarsat, INADEM, Stanbic Bank and Deloitte, 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 start-up’s in Botswana will be invited to pitch at the University of Botswana for the opportunity to compete at the Seedstars Summit, that annually takes place in Switzerland. Botswana was previously represented by livestock management app Modisar.
In addition Seedstars World has partnered with TRECC to bring the “Transforming Education Prize” which will award the best startup in the education space from around the world with a prize of over USD 50,000. Along with PayU, Seedstars World is also looking for the best fintech start-up, which will be awarded the “FinTech Prize” at the Seedstars Summit. In addition, Seedstars World and Intel are collaborating on the “Intel Solutions Challenge” to find the best start-up’s in Hardware, IoT, Cloud and Analytics with the goal of inviting them to a prestigious Demo Day with internal and external partners who will give access to market and funding for the best start-up’s.
Applications are open now, and start-up’s can apply here.