A total of 70 startups from 65 countries across the world are set to compete for a final prize at the Seed Stars Global summit slated to take place on April 6th at the Swiss Tech Convention Center in Lausanne, Switzerland.
Seedstars world, a global seed-stage startup competition for emerging markets and fast-growing startups is aimed at addressing how technology and innovation from emerging markets will be impacting businesses in the next decade.
Happening for the fourth time, the summit will bring together innovators, mentors, investors, entrepreneurs, venture capitalists and will end with the final ceremony where USD 1 million of equity investment will be awarded to winners.
More than 4’000 startups from Europe, Africa, Middle East, Asia and Latin America applied to participate in this year’s Seedstars World although only 70 were handpicked for the final summit.
Uganda will be represented by Akiba, an innovation that seeks to capitalize on social groups to transform finance by granting people the tools for practical and transparent management of their finances.
Last year, the Seedstars Summit gathered 53 startup finalists who met with over 100 mentors and investors from across the world and important investments were made. Girrafe from South Africa emerged the Seedstars World global winner for last year.
During the summit, startups will participate in a two day bootcamp where international investors and mentors from top accelerators will coach them on their business models, pitching skills and growth strategy.
They will then be allowed an opportunity to pitch in front of international investors and to have one on one chats with others. From this stage, most startups will be eliminated from the competition leaving only 12 to take part in the final round.
The Seedstars World global winner will walk away with USD 500,000 while a couple other awards will be given out to the different participants form the partnering companies.