Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes, has announced applications have opened for the Ivorian leg of its competition.
Aptly called Seedstars Abidjan, the event will see about 10 of the best seed stage startups in Ivory Coast will go head-to-head for a chance to impress the judges and emerge winner.
Aside being crowned the most promising seed-stage startup of Seedstars Abidjan 2016, the winning startup will fly the country’s flag at the global finals of the contest in Switzerland next year.
There, it will compete with other promising startups from across the world for a chance to emerge winner and receive up to US$1.5 million in equity investment prizes.
“We see that Abidjan is become more and more vibrant, with a lot of startup activity going on. We have also noticed that more entrepreneurship support organizations are becoming interested in entrepreneurial activity,” said Claudia Makadristo, Associate for Seedstars World.
She added, “We are very excited to come back and see how the entrepreneurial ecosystem has grown since our list visit.”
Startups that meet the contest’s criteria – 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 – should apply by August 16, 2016.
The event will take place on August 29, 2016 at the Co-Labs, a co-working space in Abidjan.
Co-labs, together with Swiss Embassy, Orange and Ovillage are supporters of the event.