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Thursday, February 22, 2024

APPLY: 2023 MEST Africa Challenge Program For Entrepreneurs

The MEST Africa Challenge Program gives entrepreneurs a platform to showcase and build on their unique value in an era where African startups and innovations are taking center stage and gaining global recognition and investments.

The challenge provides a stage for technology start-ups to raise funding, build industry networks and gain international visibility that would serve them well in growing and expanding their businesses. 

More scholarship opportunities are ongoing in countries across Europe, the United States and Canada. Check out some selected opportunities below:

Summary

  • Host: MEST Africa
  • Category: Competitions
  • Eligible Countries: 5 African Countries
  • Reward: $50,000
  • Deadline: October 9, 2023
  • Scholarship Alerts: To receive Scholarship Alerts on WhatsApp, Click HERE

Details:

This year, we are thrilled to bring even more excitement to early-stage entrepreneurs with startups based in Ghana, Nigeria, Senegal, Kenya, and South Africa. As part of this prestigious competition, tech founders stand a chance to win the coveted USD 50,000 in equity, gain global recognition, and become part of MEST Africa’s lifelong supportive community.

Join any of these WhatsApp Groups to receive Scholarship alerts on WhatsApp

Requirements:

Your business must be an early-stage technology startup based in at least one of the 5 countries where we will hold the Regional Finals (Ghana, Nigeria, Senegal, South Africa, Kenya) with the following characteristics:

  • Monthly Recurring Revenue: A minimum of $5k
  • Funding raised: Cumulative $1M or less
  • Years in 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)

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Duration and Reward

  • USD 50,000 in equity investment, access to MEST Portfolio resources and strategic partnerships, 1-year professional business coaching in addition to other benefits and prizes for the main winner and Regional Finalists.

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Method of Selection

  • Complete an online application
    • Submit a pitch deck and a 3mins Video pitch
  • Selection of the top 10 finalists from each country
  • Virtual Regional Finals competition held for each country 
  • Selection of top 5 startups (1 from each country)
  • The top 5 compete at the grand finale and Demo Day

The Pitch guidelines:

  • The video duration should be a maximum of 3 minutes and can be taken with a mobile phone
  • The applicant must appear on camera for the pitch. This means that animated videos, videos with text and a voiceover, etc. cannot be used as the pitch. 
  • Applicants will not be scored on video quality, as the focus will be on the pitch itself, however, the applicant must ensure s/he is visible and audible.
  • The pitch must be made in English

Deadline: October 9, 2023

Visit HERE to check out many more Scholarship opportunities.

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