On 24th August 2018, 10 of Uganda’s best seed-stage startups will compete to represent the country at the Seedstars Summit and win up to USD 1 million in equity investments and other prizes.
Seedstars World is coming to Uganda for the fifth time. With the support of the local host Outbox Hub, Seedstars will be holding a dynamic pitch event on 24th August 2018 at 4 pm.
The companies selected to pitch at the Seedstars Kampala event need to be less than 2 years old, have raised less than USD 500,000 in funding and built a minimum viable product, ideally with existing traction. The Seedstars team is searching for one additional criterion: the startup’s regional and global scalability. With a strong network of international partners, such as Merck, SPECo, Enel or Continental (amongst others) the competition organizers are looking for smart startups that tackle regional issues and develop profitable and sustainable products for the global market.
The applications are open until 13th August and startups are invited to apply at https://seedsta.rs/kampala. After a careful screening, the Seedstars team will shortlist 10 of the best seed-stage startups in Kampala to pitch on 24th August 2018 for the opportunity to compete at the Seedstars Summit, that annually takes place in Switzerland.
“Seedstars World is a platform that connects investors and stakeholders with the next generation of entrepreneurs. Since this will be our fifth time organizing the event at Kampala, the stakes are high and we are very excited. We’ve been in this ecosystem for more than four years now and know there are companies in Uganda developing high-quality products. We are looking for the best and will take it with us to Switzerland in 2019!”, says Claudia Makadristo, Regional Manager for Africa at Seedstars.
In order to provide local entrepreneurs with this opportunity and aiming to deliver the best possible event, Seedstars is closely working with Outbox Hub, who is representing the initiative throughout the year. “Our collaboration with seedstars is one that has paid off in a way never expected. Besides putting the startups on the global market, the startups have had connections to several investors and other great opportunities. Seedstars has placed us in a unique position within the local market and has opened doors to other partnerships which have in turn benefited startups within the ecosystem.” explains Richard Zulu, Co-founder at Outbox Hub.
It’s Seedstars’ goal to place the spotlight on entrepreneurs from emerging markets, especially those targeting solutions that align with UN Sustainable Development Goals. With that in mind, Seedstars World is travelling to more than 65 countries to identify the most innovative seed-stage startups, awarding them the opportunity to win up to USD 1 million and network with investors and mentors from around the world at the global Seedstars Summit in Switzerland. Its previous participants have raised over USD 92M collectively, providing employment to more than 2.100 employees worldwide.