Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes, has announced it is accepting applications for its inaugural Mali event.
Aptly called Seedstars Bamako, the event will see 10 promising seed stage startups in Mali 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 Bamako 2016, the winning startup will fly the country’s flag at the Seedstars Summit, which annually takes place in Switzerland.
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.
“Seedstars World is a platform connecting investors to the next generation of startup entrepreneurs, pulling the spotlight from Silicon Valley and Western Europe. After three years of our existence, we have definitely confirmed our initial hypothesis that the best way to have an impact in emerging countries is by investing and promoting entrepreneurship,” said Claudia Makadristo, Associate for Seedstars World.
She added, “We are constantly expanding into new countries to learn about ecosystems and discover new talent. We are therefore very excited to come to Mali for the first time and see what the country has to offer.”
Interested 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 – can apply by August 24, 2016.
Seedstars Bamako will take place on September 4, 2016 from 4:00 PM to 9:00 PM at the Impact Hub Bamako.
“…the selected start-ups “those that will shape our future” will benefit from access to a great network and community, media exposure and overall the opportunity to connect with leading investors. The global winner, who will be selected among the participating countries can earn $500,000 to grow his business. To the Malian community of entrepreneurs, do not wait,” said Mohamed Keita, Co-Founder and CEO at Impact Hub Bamako.
The event is supported by Impact Hub Bamako, Mali’s leading startup incubator, Orange, VC4Africa, Azalai Hotels Group, and a host of others.