Early-stage technology startups operational in Ghana, Nigeria, Senegal, Kenya, and South Africa have been invited to participate in the Meltwater Entrepreneurial School of Technology Africa (MEST Africa) Challenge Startup Pitch Competition.
The application period begins today and will close on 9th October 2023 will give participating startups the opportunity to showcase their innovative businesses and entrepreneurial prowess and the winner will receive a substantial equity investment of USD 50,000, providing crucial financial support to accelerate their business growth.
In addition, the winner and other outstanding participants will gain access to MEST Africa’s global community and networks, unlocking valuable partnerships, mentorship, and investment opportunities. This platform catalyzes startups to unlock the next phase of their business growth and gain global recognition.
Speaking on this year’s challenge, Ashwin Ravichandran, Portfolio Advisor and MEST Africa Challenge Lead said: “This year’s tagline, ‘Unlock Your Startup Potential’, resonates deeply with the vibrant technology landscape we are witnessing in Africa today. With the remarkable advancements in technology innovation and adoption across the continent, this year’s competition is poised to showcase groundbreaking ideas and solutions. I am confident that the MEST Africa Challenge will uncover exceptional startups that will shape the future and drive positive change in Africa and beyond.”
Over the years, the MEST Africa Challenge pitch competition has garnered thousands of applications from across the continent, attaining global recognition and forging partnerships, while nurturing a thriving community of African tech founders.
It has spotlighted and impacted the growth of winning startups such as Tanzania’s Kilimo Fresh, Ghana’s OZE, South Africa’s Snode Technologies, Kenya’s Waya Waya, Nigeria’s Accounteer, and reigning title holder, Kwely from Senegal.
Eligibility Criteria for MAC 2023:
- Monthly Recurring Revenue: $5k+
- Funding raised: Cumulative $1M or less
- Years of existence: 3 years and below
- Traction: At least 6 months of recurring revenue
- Founding team: At least 2 founding team members
- Registered in Delaware (This is preferred)
- Demonstrated traction in MAC Markets (Ghana, Kenya, Nigeria, South Africa, Senegal)
