Seedstars World, sound familiar? If you think you have the next best idea since sliced bread, then you’re reading the right article.
What is Seedstars?
Seedstars, a global organization based in Switzerland promotes, connects and invests up to $1 million USD in emerging market startups through their exclusive startup competition held in over 60 countries.
With activities in more than 50 countries around the world. Its mission is to impact people’s lives in emerging markets through entrepreneurship and technology. The company’s goal is to develop and foster startup ecosystems by connecting, building and investing in driven entrepreneurs. Seedstars connects the best entrepreneurs with investors, corporates and media, and helps them to scale to new markets. They build companies by bringing together resources, talents and growth techniques, and eventually, invest in the most promising entrepreneurs. Sharing the values of trust, efficiency and diversity, Seedstars aims to support the whole entrepreneurial ecosystem from entrepreneurs to investors passing through governments and corporates.
Why is this important ?
Well, what if we told you that the global seed-stage startup competition for emerging markets and fast-growing startup scenes, is coming for the first time to Sri Lanka on June 30th.
In line with its mission to place the spotlight on entrepreneurs from emerging markets, Seedstars World is travelling to 65 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 800 employees worldwide.
Companies selected to pitch at the Seedstars Colombo event need to have the following requirements:
- Be less than 2 years old,
- Have raised less than USD 500,000 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 Inmarsat, INADEM, Standard Bank and Deloitte, Seedstars World is looking for smart startups that solve regional issues and develop profitable products for the global market, to support their regional businesses and growth.
The eight best startups from Colombo will be invited to pitch in front of an investment panel and compete to be crowned the most promising seed stage startup of Speedsters World Colombo 2016. The wining startup will join the global Speedsters family and take part in the regional and global Speedsters Summits.
In addition, you can also look forward to an event filled with disruptive tech, inspirational discussions, networking sessions, and a flight ticket and hotel accommodation for the winner to go to Switzerland to compete for $1 million in investments.
In order to provide local entrepreneurs with this opportunity and aiming to deliver the best possible event, Seedstars World is closely working with Mangala Karunaratne from Startup Sri Lanka (a SLASSCOM initiative), who is representing the initiative throughout the year. Further support is provided by MAS Holdings and ICTA.
For more details, you can click here.In case you miss it worry not because the ReadMe Live team as digital media partners will be there to bring you the latest as the event unfolds.