3 February 2017
Applications For the Swift Innotribe Africa Startup Challenge is Now Open
SWIFT Innotribe, a global startup competition has announced that African Fintech startups can now apply for its startup challenge.
The challenge which is in its third year will feature in SWIFT’s African Regional Conference (ARC) which will be held in Abidjan, Cote d’Ivoire between 16 and 18 may, 2017.
From the pool of applications, 10 startups to take part in the programme in Abidjan. They will have the opportunity to work with Venture Capitalists, angel investors and banking representatives as well as display their innovative solutions and products.
After the presentations, the audience will nominate three finalists who will automatically qualify for SWIFT’s annual global financial services conference, Sibos which will take place in Toronto Canada from 16-19 October 2017. The three best startups at Sibos will be rewarded with €10 000 cash prize each.
Innotribe Global head of securities, Fabian Vandenreydt said: “Our partnership with ARC has allowed us to highlight Africa as a hotbed of FinTech activity with a lot of ideas, resources, and talent to support. Through the Startup Challenge, we want to spotlight innovation playing a role in the future of the financial industry across the continent and provide an opportunity for young African companies to use Innotribe’s global network to help them maximize their huge potential.”
Applications for the challenge are open until mid-march 2017 with successful applicants being announced in April 2017.
Demo Africa 2017 application portal now open
DEMO-Africa has released dates of key activities ahead of its annual technology startups launch event scheduled for 6th and 7th September 2017 in Johannesburg, South Africa.
At a press conference held in Nairobi and attended by key players in the innovation and entrepreneurship ecosystem, organizers said that the application portal for the 2017 edition of the startup launch event is now open and startups have until April 30th to apply to launch at the continent’s largest event for tech startups.
This is the 6th edition of DEMO Africa, which debuted in 2012 at the World Economic Forum for Africa in 2012 and has been held in Kenya, Nigeria and South Africa. Activities leading to the main event in Johannesburg include mini-DEMO Africa events, also referred to as the Innovation Tour, in 14 African capital cities from February to May, which will be held in partnership with partner hubs and accelerators across the continent.
“We will be covering all the four corners of the continent and we have increased the number of countries that we will visit this year,” said Eng. Martin Obuya, projects director at DEMO Africa, who noted that some of the new stops include Botswana, Cote d’voire, Senegal and Morocco.
“There has been a lot of innovation and entrepreneurship activities in these new countries and we hope to catalyze the ecosystems there in line with our mission.”
Other countries to host the innovation tours include Kenya, Tanzania, Uganda, Rwanda, Ghana, Nigeria, Egypt, Zimbabwe and South Africa. During the Innovation Tours, the DEMO Africa team and partners will engage with technology startups to share the DEMO Africa vision, coach and mentor interested startups, as well as share tools that can help them build and grow their businesses.
“We want to engage with startups in all the countries we visit,” said Mbugua Njihia, event director, at DEMO Africa. In addition to the pitch competition to win a direct entry to launch at DEMO Africa, startups will be able to engage with the DEMO Africa team, mentors and coaches from partner organizations.
“This is a very good opportunity for startups to take advantage of the partner network created by DEMO Africa and its partners through the LIONS@FRICA partnership to create linkages and networks that can help grow their businesses,” Mbugua continued.
Entry categories include Health, Education, Agriculture, Commerce, Hospitality, Manufacturing, Entertainment, Energy and Logistics. Thirty companies will be selected to launch their products at the main event in September. The 30 companies will also receive mentorship and will attend a 2- day bootcamp in preparation for their launch and software and services worth more than US $150,000 each for the next three years.
To apply to launch at DEMO Africa, visit www.demo-africa.com