New Venture Competition: Elevating Innovation and Impact
Welcome to the New Venture Competition (NVC), a beacon within conferences, spotlighting early-stage ventures and fostering a new wave of innovators.
What’s in Store for You?
Participants stand a chance to win substantial non-equity financing, reaching up to $30,000. Additionally, this competition provides a unique networking opportunity with esteemed founders and investors from diverse corners of Africa.
The Journey: Stage by Stage
Stage One: Setting the Foundation
At this inception phase, we collect vital information from you. Bring your early-stage venture to the forefront. Unveil your groundbreaking idea and seize the opportunity to secure up to $30,000 in non-equity financing.
Navigating the Application: Sections to Cover
Your application journey encompasses 8 key sections:
- Background: Delve into 9 insightful questions.
- Founding Team Experience: Paint a picture with 8 thought-provoking queries.
- Product-Market Fit: Answer 5 essential questions.
- Market Landscape: Explore 4 questions to give depth to your venture.
- Business Model: Elaborate on 7 fundamental questions.
- Pitch Deck: Share your vision through 1 question.
- Recognition: An optional question to showcase your unique elements.
- 60-second video pitch: Present your idea in a concise and engaging manner.
Criteria for Participation
To participate, ensure your venture meets these criteria:
- Stage: Pre-seed or seed (raised less than $150K)
- Market Focus: Primarily targeting the African market (physical location not restricted to Africa)
- Operational Duration: Less than three (3) years, with a team of up to 50 employees
- Previous Funding: No prior funding from WABF NVC
The Crucial Evaluation: What We Look For
Your application’s strength is assessed in critical areas:
- Founding Team Experience: Skills, track record, and team performance since inception.
- Market and Traction: Addressing market needs, potential, and growth.
- Product Design and Business Model: Uniqueness, viability, affordability, and scalability.
- Impact: Alignment with at least one of the UN’s Sustainable Development Goals.
Our Selection: Aiming for the Top 10
From a myriad of applications, we’ll choose 10 finalists. Key factors that enhance your idea’s strength:
- Founding Team Experience: Track record and team performance.
- Market and Traction: Addressing a market need and seizing growth opportunities.
- Product Design and Business Model: Potential for viability and scalability.
Making a Difference: Join the Journey
Semi-finalists get an exclusive chance to connect with leading founders and investors across Africa. Benefit from enriching masterclasses to bolster your business acumen and establish a solid foundation.
Ready to Make an Impact?
Let your solution resonate with the UN’s Sustainable Development Goals. Join us in this transformative venture.