Seedstars Cape Town, the Cape Town leg of Seedstars World, a global seed-stage startup competition for emerging markets and fast-growing startup scenes, took place on May 27, 2016 with three startups emerging winners.
The startups are Pargo, a convenient logistic solution that lets customers collect and return their parcels at a local store when it suits them best, Crew Pencil, an online crew booking and diary service for the film industry that allows diary, bookings and invoicing all in one, and Wumdrop, an on-demand courier service.
To emerge winners, the three startups pitched with seven other startups – AirSME, Britecamp, Carerott, Farmboek, iMobiMama, The Student Hub and Tribal Tourist – in front of a jury panel.
The three winners will now go on to compete with the best startups from Durban and Soweto at the national final in Jo’burg, of which one will be crowned the most promising seed-stage startup of Seedstars World South Africa 2016.
“It’s great to win with so many other amazing startup entries. It is also great to see so many people that came to watch, including a lot of people from the industry (entrepreneurs and investors). Just last night I spoke to so many interesting and relevant people which is eventually the main reason to enter and join,” explains Lars, co-founder of Pargo.
The overall winner of Seedstars South Africa will be participating at Seedstars Summit, a weeklong training program with the opportunity to meet the other 60 winners as well as investors and mentors from around the world, which will take place in Switzerland in March 2017.
All finalists at the Summit will pitch in front of audience of 1,000 attendees for a chance to win up to US$1 million equity investment.
Seedstars Cape Town was organized with the support of Standard Bank, who will further support the startups on their path to success.
“Seedstars has been a great partner in South Africa assisting us to unlock the potential of the Startup community. We are extremely proud to be extending the Seedstars competition to include Durban as part of our Virtual Incubator offering,” said Jayshree Naidoo, Standard Bank Incubator Head.
He added, “We look forward to the Seedstars event in Durban in June where we select the top 3 to join us at the grand finale at the Standard Bank Business Incubator in Rosebank.”
Additional support was provided by local ambassador Dean Cannell of Entrepreneur Traction and other local and international partners, such as Omidyar Network, the Jacobs Foundation, Payfast et al.
Seedstars World will continue its search for smart startups that solve regional issues and/or develop profitable products for the global market by touring 17 more countries on the continent – it has already held events in Egypt and Tunisia.