Five African startups will join fifteen other global finalists in the race to compete for the US$500,000 Seedstars World 2020.
The regional finalists for the Online Seedstars World Competition 2020/21 (SSW) have been announced and 5 startups from Africa have been chosen to join the group of 20 winners advancing to the next stage. From 94 startups, only 20 are moving on to the Regional Finals for a chance to secure a spot at the Grand Finale, the final round of competition.
“With how hard and unexpected 2020 was to each one of us, it was really amazing to see our finalists grow over the competition while going through the Online Seedstars Academy as well as the 1-month Investment Readiness Program. It’s going to be an exciting Regional Finals!” said Eugenia Shevchenko, lead of the competition.
Seedstars, the Swiss-based investment holding with a mission to impact people’s lives in emerging markets, annually holds the Seedstars World Competition to scout for the most promising startups around Asia, Africa, CEE, MENA, and LATAM regions.
In the Finale, only one startup will emerge as the Global winner, receiving the grand prize of US$500,000 in funding.
The five African startup finalists moving on to the Grand Finale are as follows:
- Flamingoo Foods (Tanzania) – Using cutting-edge climate tech, Flamingo Foods forecasts food deficit and surplus areas before they are known and proactively react to food insecurity.
- Ladda (Nigeria) – Democratizes access to investment for retail investors backed up by financial literacy.
- Rohobot home-based healthcare services (Ethiopia) – Provides quality home-based healthcare services for chronic illness and aged peoples with skilled health professionals at affordable prices.
- Sparco (Zambia) – Provides tools to allow businesses to collect money from their customers anywhere and also have access to a pool of delivery companies.
- CAPTURE Solutions (Ivory Coast) – Provides the best ICT operational agri-supply management system in Africa.
The regional finals for Africa will be aired on April 16, 2021. The remaining finalists will battle it out through their pitches and viewers will get the chance to watch it all happen online.
Viewers can also tune into the Ecosystem Insights presentation and panel discussion on the topic of Women Empowerment & Gender Equality in Africa with speakers Stephanie Vaks-Stephens, Global Private Equity, and Venture Capital Funds at International Finance Corporation/World Bank Group, Vuyolwethu Dubese, Innovation Consultant, and Bethelhem Dejene, Founder & CEO ar Zafree Papers. Anne-Alice Fievet, Project Manager for Africa at Seedstars will be moderating the session.
You can watch the Africa regional finals online here.