InukaPap, a mobile platform that allows subscribers to access free medical insurance by saving and borrowing loans, has won Seedstars Nairobi, the Kenyan leg of Seedstars World.
After the pitches in front of a prestigious jury, InukaPap was adjudged winner and crowned the most promising seed-stage startup of Seedstars World Kenya 2016.
As winner, InukaPap will participate 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, in Switzerland next year.
The final day of the Summit will see InukaPap, together with the other regional winners, pitch in front of an audience of 1000 attendees for a chance to secure up to US$1.5 million in equity investment prizes.
Mobilized Construction, a company that de-mechanizes road maintenance by mobilizing local labor to manually build climate resilient dirt roads came second while Ujuzi Software, a company that develops AML solutions placed third.
Seedstars Nairobi was organized with the support of Stanbic Bank and local ambassador Douglas Ogeto of The Founders Hive. Other partners include Omidyar Network, Microsoft, Intel and Pawa254.
“The Emerging markets and Africa at large provide ample Scaling opportunities and unique clients. Kenyan entrepreneurs should not be left behind in taking advantage of this while at the same time ensuring that they have a solid team to do so,” said Douglas Ogeto.
Further support was provided by iAfrikan, Open Capital Advisors, Metta, Nest, VC4Africa and Lionesses of Africa.
The event also included a panel about the next generation of startups in Africa, built by Africans.
The panel was powered by Omydiar Network and hosted by official media partner iAfrikan. Panelists included Clara Wanjiku Odero Business Writer, Africapedia; and Trevor Kimenye CEO, Co-founder, Ongair.
Seedstars World will continue its tour of the continent in search of promising startups. Its next stop is Dakar, Senegal.