On 14 September 2016, 10 of Ethiopia’s best seed stage startups will compete to represent the country at the Seedstars Summit and win up to USD 1 million in equity investment.
Seedstars Addis Ababa – 14 September 2016
ADDIS ABABA, ETHIOPIA, 31 August, 2016 – Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes, is returning to Ethiopia on September 14, 2016. In line with its mission to place the spotlight on entrepreneurs from emerging markets, Seedstars World is travelling to more than 65 countries this year to identify the best seed-stage entrepreneurs and provide them with an opportunity to win up to USD 1 million and network with investors and mentors from around the world. Its previous participants have raised over USD 61M collectively, providing employment to more than 800 employees worldwide.
The companies selected to pitch at the Seedstars Addis Ababa event 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. The Seedstars World team is searching for one additional criterion – the startup’s regional and global scalability. With a strong network of international partners such as Inmarsat, INADEM, Standard Bank and Deloitte, 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.
“We are very excited to bring seedstars world for the second time to Ethiopia. Last year we were impressed by the quality of the startups and the industries they were trying to disrupt. This year we are looking forward for an even more out of the box, exciting solutions to come our way at our event on the 14th of September” explains Selam Kebede, Associate at Seedstars World.
Up to 10 of the best seed stage startups in Ethiopia will be invited to pitch for the opportunity to compete at the Seedstars Summit, that annually takes place in Switzerland. Ethiopia was previously represented by Fidel. “Being part of the seedstars event representing Ethiopia and Fidel was the highlight of our year. We had to opportunity to meet so many impressive entrepreneurs from all over the world and have made lasting connections.” says Eskinder Mamo, Managing partner of Ahadoo tech.
In order to provide local entrepreneurs with this opportunity and aiming to deliver the best possible event, Seedstars World is closely working with Ice Addis, who is representing the initiative throughout the year. ”We have a great experience working with seedstars world in the past two years. We are very excited about this year competition as well. Startups in our community hugely benefits from this initiative and gain impactful support and networking” explains Markos Lemma, Co-founder of Ice Addis.
All participating startups will also qualify for two major prizes that Seedstars World is running this year:
Together with TRECC Startups in Education qualify for the global “Transforming Education Prize” which will award the best startup in the education space from around the world with a prize of over USD 50,000. In addition, Seedstars World and Intel are collaborating on the “Intel Solutions Challenge” to find the best startups in Hardware, IoT, Cloud and Analytics with the goal of inviting them to a prestigious Demo Day with internal and external partners who will give access to market and funding for the best startups.
Applications for Seedstars Addis are now open and can be found here. The application deadline is on September 7 2016.
“They tried to bury us, they didn’t know we were seeds.” – Mexican proverb
Seedstars is a Swiss based group of companies which has the goal of impacting people’s lives in emerging markets through technology and entrepreneurship. Seedstars connects stakeholders within these ecosystems, builds companies from scratch with public and private partners and invests in the top entrepreneurs. Through different activities of startup scouting, company building and acceleration programs, the team has now access to entrepreneurs, investors, incubators, corporations and government officials. The Seedstars group includes:
– Seedstars World: The worldwide startup competition, on the ground in 65+ countries, with four regional summits and a global summit in Switzerland. Its objective is to identify leading startups from all regions and provide them with value added services such as mentoring, networking and access to funding.
– Seedstars Growth: The four months virtual program to accelerate startups in the Seedstars network.
– Seedspace: The network of coworking spaces, now in 17 countries with local partners. The spaces permit more engaged programs and on-going events.
– Seedstars Academy: The six months program to train aspiring entrepreneurs. Currently running in Lagos and Nigeria and opening in other locations soon.
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