Móvelcare, a product of mobile insurance startup Tabech was declared winners of the Mozambique round of Seedstars World and will represent the country at the Seedstars Summit in Switzerland to compete for up to USD 500,000 in equity investment. Seedstars also announced during the event that its annual Africa Regional Summit will take place in the country later this year
Móvelcare beat 11 other startups to earn at its place as the best in Maputo and will proceed to Seedstars Summit, taking place in Switzerland in April 2018, a weeklong training program with the opportunity to meet the other +75 winners, as well as investors and mentors from around the world. Traditionally, the final day of the Summit will be dedicated to pitching in front of audience of 1000 attendees, with the possibility of winning up to the USD 500,000 equity investment.
Karingana Wa Karingana Textiles, a platform aiming to revolutionize the African textile market by offering brands customized prints produced on demand, came second and Alltrack, a cross-platform tracking software that allows you to control your car and prevents it from being stolen, grabbed the last spot in the top 3.
Moreover, Seedstars World has partnered with the Merck Accelerator on a regional level, in order to support seed-stage companies with a focus on the fields of healthcare, life science and performance materials. The most promising HealthTech startups will receive office space in the Merck Innovation Center in Kenya or Germany, mentoring and coaching on a regular basis and financial support of up to €50,000. In total, each prize package is worth around €200,000.
Seedstars World also announced during the event that the African Regional summit will be held in Mozambique this year, and bring local winners from over 20 African countries at the end of the year for a series of workshops, panels and discussions on technology and entrepreneurship in Africa.