Seedstars Apia 2020 to go virtual
Ten of the country’s best seed-stage startups will participate in a bootcamp and compete to represent Samoa at the regional seedstars competition.
The winner of the regional competition will then go to Switzerland and be in the running to win up to US$500,000 (T$1.2 million) in equity investments and other prizes.
According to a statement, the preparatory bootcamp has the support of the Australian government and the G.S.M.A. with a public pitching event to be publicly broadcasted on 27 November.
The companies invited to the training session and to pitch at the Seedstars Apia event must have raised less than US$1 million in funding and built a minimum viable product, ideally with existing traction.
The Seedstars team is also searching for one additional criterion: the potential for regional and global scalability.
The G.S.M.A Head of Mobile for Development, Max Cuvellier, said the Pacific Islands continue to forge a path towards digital and financial inclusion, realising and employing the potential of digital technology in reducing inequalities, improving their economies, and addressing climate change.
“We’re really pleased to be able to bring these bootcamps and pitching competitions back to Fiji, Papua New Guinea and Samoa. We're looking forward to seeing the power of innovation on display in the region again!” he said.
Besides representing Samoa at the regional Competition, Seedstars will also award two full months access to the Investment Readiness Program to the winning start-up invited to pitch locally.
It is a non-time bound and data-driven acceleration program focused on boosting tech start-ups looking to get ready for fundraising.
Seedstars connects entrepreneurs to global experts and mentors, emerging market specific training materials based on best practices, and access to the Seedstars Global investor network.
The applications are open until October 15th and start-ups are invited to apply at https://bit.ly/SSWApia20.
After careful screening, the Seedstars team will shortlist around ten of the best seed-stage start-ups to receive pitching training before competing to access the regional stage of the competition.
The winning startup will get access to two full months of the Investment Readiness Program and get local and regional visibility.
In order to provide local entrepreneurs with this opportunity and to deliver the best possible event, Seedstars is working closely with the Australian government and the G.S.M.A.