The only African startups competing in the second generation of The S Factory, a pre-acceleration program aimed at supporting first-time female entrepreneurs in building high impact startups, have been named third-best at the Pitch Finale.
Following the pitches in front of recognized entrepreneurs and the investment community in Chile by the best startups in the competition, the judges decided that third place was a tie between ‘Skrife’ and ‘Beavly’, both from Nigeria.
Beavly is a web platform that connects people eager to learn new skills; with business professionals who accept fees to train people in a physical and practical environment; while Skrife is an online platform that creates original written content for businesses through our exclusive community of vetted freelance writers and editors.
Aside the US$15,000 equity-free funding received, both startups will have a chance to apply to Start-Up Chile, a program that attracts high-potential entrepreneurs to bootstrap their startups in Chile with US$35,000 on offer.
Also, both startups can apply to follow-on fund SCALE, which provides US$100,000 to revenue-generating startups that have significant traction and need extra capital to grow in Chile and across the rest of Latin America.
“After 12 weeks of hard work, the improvements are huge. Some of them came just with an idea and now they have a viable business model,” said Patricia Hansen, Executive Director of TSF.
During the programme, both startups helped in the social impact of entrepreneurship by sharing experiences and knowledge with other startups both within and outside the program in order to grow the women entrepreneurs’ network in Chile.
The S Factory is an initiative of the Government of Chile and Start-Up Chile.