Seedstars World, the biggest seed stage startup competition for emerging markets is coming back to Africa to scout for the top high growth startups and entrepreneurs and accelerate them on their path to global success.

On this 2017 edition of the tour, they will visit over 25 cities across Sub-Saharan Africa to host bootcamps and pitch competitions, adding countries such as Cameroon, Democratic Republic of Congo and Zambia to its tour. The winner from each country is invited to the final at the Seedstars Global Summit in Switzerland to compete for up to $500,000 in equity investment and additional multiple prizes and perks.

1) Applications

Step 1: Make sure you have a venture profile published on the VC4Africa platform with your most recent pitch deck attached.
Step 2: Apply to one of the 15 local events in Africa through the online form.

2) Pitching events

At each Local Event, up to 10 pre-selected startups are invited to pitch in front of an expert jury and quality audience to determine the winner. The event brings together key entrepreneurs, investors, corporates and institutions from the local ecosystem combined with a unique global Seedstars World flavour. The winner of each Local Event gets a free trip to Seedstars World Regional Summit and the Global summit in Switzerland, with a chance to win up to 500,000 USD and other amazing tech prizes.

3) Final Event

The winner of each Local Event will be invited to Switzerland to represent his startup and country at the global finals. The Final Event is a weeklong adventure consisting of a bootcamp, international conference and investor forum. It’s an amazing chance to meet with investors, build a global network and grow your business. And don’t forget there is up to USD 500,000 mn in equity investment on offer to the winning startup and additional money prizes!

Why compete?

Equity Investment
There is a prize package consisting of up to $ 500,000 in equity investment and more in cash and in-kind prizes. You’ll be exposed to VCs, corporates and angels searching for investment opportunities.

Coverage & Prestige

All Seedstars World events are heavily covered by local and international press with around 1000 articles on us last year. Represent your country at the worldwide Seedstars Summit in front of an international audience.

Partnerships & Family

Join the close knit Seedstars Family of talented entrepreneurs in 65+ countries. Find potential partners and business opportunities through the community and at the various events.

Learn & Grow

We hand pick top-quality mentors from all over the world with experience in relevant industries. Benefit from the knowledge of corporate leaders, serial entrepreneurs, accelerator directors and investors.

Time investment

If you get selected
1 day for the Bootcamp hosted 2 – 3 days before the event
1 day for the Local Event

If you win:
– 7 days for the regional summit in december
– 7 days for the global summit in Geneva

Criteria

? Maximum 2 years since founding date
? Maximum USD 0.5m funding
? Minimum Viable Product (MVP)
? Need to use technology to solve a local or regional issue

DATES AND DEADLINES

APPLY NOW

Low growth was largely driven by external factors, particularly oil prices, which meant two of the largest three economies in Sub-Saharan African (SSA), i.e. Nigeria and Angola, had to accept lower receipts for their exports.
As a result, both economies fell into recession, with Nigeria hit particularly hard, as the nation dealt not only with reduced terms of trade, but with lower production levels as a result of domestic insurgency.

 
South Africa’s growth in 2016 was only marginally positive (0.3%), while Angola’s growth for the year is likely to be flat. All three of these economies are expected to grow more strongly in 2017, although each one is dependent on a combination of global commodity price recovery and structural economic reform.

 
At the other end of the spectrum, Cote d’Ivoire remains one of the fastest growing countries globally, although once again, highly dependent on commodity (cocoa) prices, and its ability to manage internal conflict. Staying in West Africa, Ghana’s prospects are also looking increasingly promising, with a newly elected administration promising to manage the public purse more prudently.

 
East Africa remains the most buoyant of all, with the four key economies (Kenya, Ethiopia, Tanzania and Uganda) all poised for growth of 6% and above for the decade.

For most of the sub-continent, inflation has peaked and is declining, allowing the space for central banks to ease interest rates. This in itself will add stimulus to economic growth, and should interest rates at the very least remain stable, consumer disposable income will support even stronger growth through 2017.

 
However, there are a number of risks that need to be managed. Countries with high and rising twin fiscal and trade deficits remain at risk of currency devaluation. This becomes all the more evident where national debt levels are either rising too rapidly or are already at high levels. Mozambique is the most notable example, although this has not impacted its growth outlook.

 
Commodity prices are also key to growth assumptions. Oil prices have fallen back to US$50 after trading at US$55 in the first two months of 2017. Price moves will depend on OPEC’s ability to get member countries to agree to production levels. China remains critical to commodity prices more broadly, as its recent slowdown in economic growth rate has already illustrated. Given these unknowns, policy certainty and economic reform are critical to stimulating growth and reducing the impact of exogenous influences.

 
Africa remains on track to be a US$3t economy. To achieve that will require accelerating diversification initiatives thereby boosting resilience to external shocks.

• The color of the individual block represents the long- term position for that metric on a scale of green being more positive to red being more negative.

• The color of the circle in the block represents the current trend

The traffic light illustrates an improving inflation outlook, more stable exchange ratesand stronger growth prospects. Rising national debt and large current accounts are the risks most common to the large SSA economies. Longer term, growth prospects remain robust. More and more countries will grow at 3% or above per annum, with a record number of high-growth economies more than 5% per annum. Between 2001 and 2015, there were 14 such countries. This number is expected to rise to 19 by 2030. At the same time, the number of countries growing on average between 3%–4.9% per annum holds constant at 17.