On the 25th of August, 10 of Nigeria’s best seed stage startups will compete to represent the country at the Seedstars Summit and win up to USD 500’000 in equity investment.
With the support of sponsors Orange, Merck, Enel and the local host Seedspace Lagos, Seedstars World is looking for startups that are 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 startups should also have regional and global scalability.
“We connect entrepreneurs with like-minded people in your area and around the world using our extensive network. Our Seedspace in Ikoy gathers some of the most creative minds in Lagos and we are proud to support such a community, who we believe has the potential to shape the future of people and businesses in Nigeria,” explains Alessia Balducci, Community Manager at Seedspace Nigeria.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 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.
Applications are open now, and startups can apply here: https://seedsta.rs/lagos2017