5th TechBridge Challenge, 2019. Mombasa, Kenya.
Are you an inventor, maker, entrepreneur, coder, or have an exciting project that you would like to turn into a viable business?
Do you have a Tech idea? Are you aspiring to have a startup? or
Would like to scale up your business? Are you investor-focused?
At TechBridge Invest, we support startups and scale-ups to apply technology in order to enable sustainable, profitable businesses, inclusive growth and improved living conditions.
The 5th TechBridge Challenge will be held in Mombasa, Kenya from September, 2019.
Application is open to students, and those graduated, or already established young entrepreneurs in Mombasa County and other parts of the Coast region. Application period is 1st August - 7th September, 2019.
The TechBridge Challenge will focus on business ideas within the following four themes:
1. Digitalization of businesses:
How can digital tools generate more value, for both 'business to business' and 'business to consumer'?
2. Innovative business ideas for coastal resources:
Can the natural resources in the Coastal region generate more income through a more efficient value chain using tech?
3. New electronic and IT technology in a Kenyan setting:
How can new technology, be used in an innovative way to create business opportunities?
4. Circular Economy:
How can businesses in waste management, recycling and sustainable food supply be part of the thriving economy?
Ideas in the above thematic areas, will get a preference in the selection, however all business ideas will be considered.
Timeline/Schedule - Workshops and Final Pitch:
The Mombasa TechBridge Challenge is a program where selected participants learn entrepreneurial skills and how to develop innovative ideas from experienced professionals. Our main goal is to find good business ideas and entrepreneurs to start promising new companies.
The selected applicants will participate in two workshops.
The first workshop will be held for 17th- 19th Sept, 2019. During the six week period after, the selected teams will work on their innovative product ideas using the tools learnt.
In November, at the end of the second workshop, the teams shall pitch their idea in front of a jury.
This year, the challenge is to validate your product in the market and include the results of this in your final pitch.
Prizes for the winners have a total value of more than KES 1,000,000.
· Winner: Cash Prize of KES. 30,000, Seed money of KES. 70,000 and 7 months incubation, international mentoring and access to further investment.
· 1st Runner's Up: Cash Prize of KES. 20,000, Seed money of KES. 50,000 and 7 months incubation, international mentoring and access to further investment.
· 2nd Runner's Up: Cash prize of KES. 10,000, Seed money of KES. 30,000 and 7 months incubation, international mentoring and access to further investment.
Potentially, 10 - 15 other winners awarded Seed money, 7 months incubation program, international mentoring and access to further investment.
The participation is open for current and recently graduated students of universities, colleges, institutions, and other young entrepreneurs with startups within Mombasa, Kilifi, Lamu, Taita-Taveta, Tana River and Kwale. Participation is free of charge.
All information given will be kept confidential, and participants must sign a confidentiality agreement.
The two categories of applicants include:
· A team with a business idea (maximum 4 people)
· An aspiring entrepreneur with an idea.
Please note that your idea must be new, not having received any seed-funding or won competitions anywhere else, and should be a product or service using technology.
For further queries please email: firstname.lastname@example.org or contact Sharon at the TechBridge Startup Hub at City Mall, Nyali.