The application window for DEMO Africa 2015 has opened wide and entrepreneurs can now enter under 12 different categories. The application process will be hosted by DEMO Africa’s partner VC4Africa and will close by the end of May 2015.
All qualifying applications will be taken through an adjudication process after which the top thirty will be invited to pitch at the DEMO Africa event in Lagos, Nigeria on September 24th and 25th.
Following a successful Demo Africa 2014, Ben White, Co-Founder and CEO of VC4Africa said: “We are looking forward to having even more mature applications this year. This means that competition will be stiff and I would encourage start-up entrepreneurs to present their best.”
Harry Hare, Executive producer for DEMO Africa observed that each year since the first DEMO Africa event was held in 2012, the number of applications keep going up. “We expect these numbers to go up again this year which is extremely encouraging as it clearly shows that more and more African entrepreneurs are getting enthusiastic about being part of Africa’s entrepreneurship revolution.”
To qualify for DEMO Africa 2015, start-ups must ensure that their products have the ability to impact the marketplace of introduction. A clear business plan and a team capable of delivering the product are also vital. The product must be ready for launch and the business must be legally registered. Preference is given to disruptive innovations that have massive potential for scale.
The 12 application categories include: Agriculture, Health, Education, Manufacturing and Retail. Others are Media and entertainment, Communication, Transport and Logistics, Energy, Finance and Banking, Water and Sanitation, Waste Management and recycling.
The applications will be vetted by an executive panel comprising experts in business and tech. The best thirty start-ups will have a chance to launch their products to an ecosystem of VCs, investors, tech acquisition specialists, IT buyers and media from across the region and around the globe.
Last year, DEMO Africa presented 6 start-ups with a chance to tour the Silicon Valley to meet mentors and share with peers. These included; SpacePointe- Nigeria, Chura- Kenya, Nerve- Nigeria, Paysail- Ghana, Jifunza- Rwanda and Saisai-Zimbabwe. Recently, participants in VC4Africa research indicated they successfully raised USD 27 million, many of them being DEMO alumni.
Neal Silverman, Senior Vice President, DEMO Conference explains that Africa’s technology hotbed is simmering.” I am glad that the scene keeps heating up with each passing DEMO Africa event. The next challenge is to see a widespread consumption of locally manufactured solutions. Then Africa will have satisfactorily joined the league of world greatest economies.”
DEMO Africa 2015 is scheduled to take place on 24th and 25th September at the Eko Hotels and Suites in Lagos.