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Luanda

Seedstars World launches call for applications from Angolan startups

Seedstars World has launched a call for Angolan startups to apply to take part in the global seed-stage startup competition. Applications are open until next Thursday (October 5).

The event is carried out by main sponsor TGI (Thomson Group International), local ambassador organization KiandaHUB, as well as various local and regional partners such as Enel Green Power, Merck, Orange and Microsoft 4Afrika, 7mobile, SOBA, and Thomson Art House, Seedstars World said in a press release yesterday.

“As an Investment firm focused in Angola for over a decade, we are very happy to see and be part of organisations like Seedstars coming into the Angolan market and further igniting the entrepreneurial energy in this still very young country,” said Alexander Thomson, president and founder of the TGI group.

Seedstars World is travelling to more than 75 countries this year to identify the best seed-stage entrepreneurs and provide them with an opportunity to win up to $1-million, while networking with investors and mentors from around the world. Previous participants have raised over $61-million collectively, providing employment to more than 800 employees worldwide.

Up to 10 of the best seed stage startups in Angola will be invited to pitch for the opportunity to compete at the Seedstars Summit

The companies selected to pitch at Seedstars Luanda need to be less than two years old, have raised less than $500 000 in funding and have built a minimum viable product, ideally with existing traction. The Seedstars World team is searching for one additional criterion – the startup’s regional and global scalability.

Up to 10 of the best seed stage startups in Angola will be invited to pitch for the opportunity to compete at the Seedstars Summit, that annually takes place in Switzerland.

At the same time, Seedstars World is also working very closely with Enel Green Power to source the most innovative business models in the energy sectors and ones that are fostering socio-economic development in rural villages in Africa.

Up to five best startups in this sector will be invited for an exclusive RES4Africa networking event taking place later this November in Nairobi and compete for an Africa Energy Prize which consists of a financial contribution and a three-month acceleration programme for a total value of up $50 000.

Read more: Seedstars, Enel seeking energy entrepreneurs for Africa Energy Prize

Applications are open until October 5th and startups can apply at: https://www.seedstarsworld.com/event/SSW-Luanda-17/.

All the local winners will be invited to the regional summit, which will take place in Maputo, Mozambique on December 14th. A limited number of early bird tickets are available and can be purchased here: https://www.seedstarsworld.com/event/seedstars-africa-2017.