Startups seeking funding can now apply for the 2020 MEST Africa Challenge.
According to the organisers, the tech startup competition is offering startups a chance to win $50,000. The funding will be in return for equity investment and is targeted at talented entrepreneurs as they build and scale successful businesses that add value to African economies.
Expanding from last year’s reach, the 2020 pitch competition is targeting startups in Côte d’Ivoire, Ethiopia, Ghana, Kenya, Nigeria, Rwanda, Sénégal, South Africa, and Tanzania.
“Funding opportunities are even that much more important during COVID-19, so the competition will be held entirely online to allow for all interested startups to participate safely,” MEST stated.
Interested startups can find more information about the application criteria and submit an application here.
“There is more talent in Africa than there are opportunities,” says Ashwin Ravichandran, MEST Africa’s Managing Director. “This is what we’ve learned after twelve years of training, funding, and supporting tech founders and startups. In order to bring more investment to African economies and strengthen the tech ecosystem (as a whole) for startups to thrive, we’ve expanded the MEST Africa Challenge to four new markets this year.”
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