Seedstars World Heads to Egypt for the Third Time

ArabNet Team, Sep 27 2017

Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes, is returning to Egypt for the third time. The competition will be launched on September 30th 2017 at Bibliotheca Alexandrina and will be hosted as part of the larger Techne Summit. The event is supported by regional partners, Orange, Microsoft4Afrika, ENEL, and MERCK.

The companies selected to pitch at the Seedstars Alexandria event need to be less than 2 years old, have raised less than USD 500K 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. With a strong network of international partners such as BBVA, Merck, Enel, TRECC, Standard Bank, and Deloitte, Seedstars World is looking for innovative startups that solve regional issues and develop profitable products for the global market, with the aim of supporting the growth of these businesses.

 “Seedstars World is a platform connecting investors to the next generation of entrepreneurs, outside of Silicon Valley and Western Europe. This will be our 3rd time organizing our event in Egypt, and given the bustling nature of the startup ecosystem, we expect the quality of the startups to be very high.” explains Katarina Szulenyiova, COO at Seedstars World, “We are excited to be coming back, and cannot wait to discover this year's most promising Egyptian tech startups.”

In line with its mission to place the spotlight on entrepreneurs from emerging markets, Seedstars World is flying to more than 70 countries this year to identify the best seed-stage entrepreneurs and provide them with an opportunity to win up to USD 1 million and network with investors and mentors from around the world. Its previous participants have raised over USD 61M collectively, providing employment to more than 835 employees worldwide.

Alex

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