Seed stage startup competition for emerging markets Seedstars World has officially opened its applications and applicants are expected to apply at www.seedstarsworld.com for pre-selections in Cape Town and Johannesburg.
Seedstars satellite events will be held in Johannesburg on May 26th, Cape Town on June 8th and the main South Africa finals will be held on the 29th of June.
The companies selected to pitch at the Seedstars local events 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 and the startup’s regional and global scalability. Regional and local partners include Enel, Microsoft4Afrika, Orange, Merck, Trecc, Standard Bank and Deloitte, Entrepreneur Traction, PayU, Seedspace, Simodisa and Startup Grind amongst others.
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.The Seedstars Global Summit in Switzerland will grant the winner for up to $500,000 in equity investment and additional multiple prizes and perks. Its previous participants have raised over USD 61M collectively, providing employment to more than 800 employees worldwide.
“South Africa does indeed have world class entrepreneurial talent. Our priority for 2017 is to cast the net event wider and give the opportunity to the whole country to participate and become part of a global journey.” says Claudia Makadristo, Regional Manager for Africa at Seedstars World.
Since it’s launch , South African startups have had significant success with Giraffe winning the global prize in 2015. In 2016, wildcard winner IDWork, a platform for utilising and reviewing tradesmen for construction needs represented South Africa at the SSW Regional Summit in Rwanda and the Global Summit in Switzerland. With hopes of repeating this success for South African startups in the upcoming summit, Seedstars World is kicking off this year’s Africa tour in Johannesburg, South Africa.