Global entrepreneurship development agency StartUp Cup announced the top three winning teams of Africa StartUp Cup Challenge,
a regional business model competition for startups from over thirteen
StartUp Cup Challenges that took place in Africa in 2015 and 2016. The
winning teams competed for in-kind donations, totaling to $229,000 of IBM, Amazon, Microsoft, .co internet and Rackspace services, amongst other sponsorships.
The Africa StartUp Cup Challenge was held in Accra, Ghana in partnership with the U.S. Embassy of Accra and iSpace.
Five teams were selected to compete in the regional finals through the
local StartUp Cups held across the continent—in Algeria, Cameroon,
Egypt, Ghana, Kenya, Madagascar, Morocco, Nigeria, Rwanda, Sudan,
Tanzania, Uganda, and Zambia.
Each of the startups had three minutes
to pitch their business model and present on the progress they have made
since winning their local StartUp Cup, followed by fifteen minutes of
questions from an international panel of judges.
The winning teams come from Morocco,
Uganda and Ghana, they and represent the communication, restaurant, and
financial service sectors.
Gomobile – First Place (Morocco) uses
existing technologies to create innovative products, allowing
unconnected communities to enjoy the benefits of new technologies.
Gomobile applies full adaptation by using mobile phone and voice to
bring the benefits of internet, through IVR-like systems, as well as
create platforms and digitalization paths. Their mission is to reduce
and eliminate the digital divide, and help the unconnected population to
reach full digitalization, or connect the unconnected.
Airsave – Second Place (Uganda)
is a financial technology company that provides a secure digital mobile
saving platform to the 90% unbanked communities across Uganda in
partnership with banks and telecoms, using a mobile phone with no access
to the internet. Their mission is to empower men, women and youth on
how to save, using a mobile phone as a digital saving wallet towards
their saving and investment goals, and also bridge the trust between the
unbanked people to their local banks and communities using a mobile
phone.
KawaMoka – Third Place (Ghana) is
a retailer of premium coffee and tea from across Africa. The company,
which has positioned coffee stands in most part of Ghana’s capital,
Accra, provides quality and personalized products made from Ghana’s own
cocoa and coffee.
“From what we have seen over the last
five years of operating StartUp Cups in Africa, the entrepreneurs of
Africa are having a significant impact on the African economy and
inspiring a whole new generation of aspiring African entrepreneurs to
following their dreams. You are the new heroes of Africa!” said Sean Griffin, CEO and Founder of StartUp Cup.
Emmanuel Nyame,
Regional Coordinator for Africa StartUp Cup, reiterated that, “Our
winners represent the solution providers of tomorrow. Their unique
businesses are poised to trigger new set of innovations on the African
market”. He further extended his gratitude to sponsors of the program
for the kind support, and all judges for the time commitment. Special
mention goes to our other two competitors who pitched their businesses
and participated in our regional Africa StartUp Cup competition: Dzinee
from Sudan and El Hamra, from Algeria.
About StartUp Cup
StartUp Cup® manages an international
portfolio of entrepreneurial programs proven to grow entrepreneurs, jobs
and enhance entrepreneurial ecosystems. StartUp Cup represents a global
network of hyper-local StartUp Cup accelerators featuring business
model competitions and WECREATE women entrepreneurship
centers in more than 60 countries. Our focus is on applying innovative
technical skills by serving as global leaders in entrepreneurial job
creation and the generation of investment-ready businesses.
The Africa StartUp Cup was supported by the US Department of State, Microsoft
4Afrika Initiative, IBM Global Entrepreneur Program, Amazon Web
Services, USAID EDMC, .CO, Scotch and Palm Law Group, Alisa hotels, iya
ventures, RiseUp Summit (Egypt), Rackspace, BellaNaija, Women in Tech
Africa, Voltic, Accra Breweries Limited, iPay, Ethiopian Airways,
Gadget, Ameyaw Debrah, Hello Food, Pulse Ghana, CNBC Africa,
LIONS@FRICA, KwakuDavid Photography, Shade Systems EA, Zooba Shop,
Africa.com, Disrupt Africa, and VentureBurn.
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