The Pitch Competition is scheduled to hold today, June 28, 2019, as hosted by startup incubator, Nailab. The line up includes pitching from ten Kenyan startups in front of an all-women panel. A usual closed-door affair, this is the sixth edition of Seedstars Nairobi.
“We are extremely excited to work with this jury panel on selecting the most promising startup in Nairobi and we believe that the closed-door event format will allow us to ask some more sensitive and in-depth questions to the entrepreneurs,” said Seedstars Regional Manager for Africa Claudia Makadristo.
A range of companies leveraging different technologies and disrupting an array of areas is amongst the ten startups selected to participate in the pitch competition. One participant, Ilara Health is a company that offers an affordable tech-powered diagnosis to 500 million Africans and Nurse In Hand is an emergency response startup.
Pesabase is another company also in the competition; they offer blockchain-based remittance and payment solutions. Julla is another competitor of seedstars that avails customers with the option to pay for products they buy in arrears. Logistics related company, Smatbeba is also in run, they help cargo owners to find delivery vehicles. There’s also Tanda, a company that enables small businesses to access financial services, and Pezesha which connects SMEs to lenders.
The rest of them are Lentera, which provides actionable insights to farmers, and employee management company WorkPay and Shamba Records which offers a blockchain-based system for collecting farm records.
All ten start ups are up for a chance to win a prize of $500,000 and a three-month investment programme at the Seedstars Global Summit next year. Interestingly, this is a First Time All-Women Jury/panel to judge the competitors of the Seedstars pitch. This panel will choose the best startup that, in addition to the prize money, will represent Kenya at the Seedstars Africa Summit. Report has it that, in order to boost the participation of women as panelists, experts, and mentors Seedstars decided to go with an all-women jury.
On the panel is:
Zephyr Acorn investment consultant Wanjiru Chabeda, AHL Venture Partners portfolio manager Tsakane Ngoepe, Makadristo, East Africa Private Equity, and Venture Capital Association executive director Eva Warigia, LGT Impact associate director Winnie Ibuyako and Financial Sector Deepening Africa Investments CIO Anne-Marie Chidzero.
Additionally, Seedstars will hold an angel investor meetup in partnership with African Business Angel Network (ABAN) before the pitch competition. This meetuo would avail investors with a chance to network, acquire insights, knowledge, and access to Seedstars and ABAN deal flow.
About 30 African countries have had the opportunity to participate in this year’s Seedstars World competition. Last year’s Seedstars edition had Bluewave Technologies (an Insurance platform) representing Kenya.
Credits- Angeline MbogoJOIN OUR COMMUNITY