MEST Africa Challenge 2019 for African Entrepreneurs

MEST Africa Challenge 2019

The MEST Africa Challenge 2019 is now open to African Entrepreneurs using technology to create innovative solutions.

This is an opportunity to win up to $50k in equity investment and become a part of the MEST community.

Therefore, are you:

  • A revenue-generating startup
  • Ready to scale into additional markets
  • Part of a team with at least 10 people
  • Seeking funding

Then you should apply.

You may also want to apply for the Tony Elumelu Foundation Entrepreneurship Program Grant award of $5,000 for African Entrepreneurs.

Background of MEST Africa Challenge 2019

This is MEST Africa’s second annual MEST Africa Challenge.

It’s a Pan-African pitch competition for scale-ups based in Ghana, Nigeria, Kenya, South Africa or Cote d’Ivoire. Scale ups who are ready to expand into new markets.

This year’s finalists from each country will attend the MEST Africa Summit in Nairobi, Kenya, June 10-12, 2019.

Here, they will once again compete on a global stage for up to $50k in equity investment and the opportunity to join the Pan-African MEST incubator community.

“This year we’re looking for the continent’s most exciting African scale-ups who are ready to expand into new markets.

Those willing to continue building world class solutions for African problems,” said MEST Managing Director, Aaron Fu.

The inaugural MEST Africa Challenge in 2018 saw over 700 applications across four markets. Out of this, 40 made it into the regional finals in Accra, Lagos, Nairobi and Cape Town.

One representative from each of the teams was flown to Cape Town, where they presented in front of a jury of judges from Facebook, MTN, and Meltwater, as well as the Summit’s global audience of investors, Pan-African entrepreneurs and corporate leaders.

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MEST Africa Challenge 2019 Experience

Accounteer, a Nigeria-based cloud accounting company, took home the first prize including $50,000 USD in equity investment and a space in the MEST Incubator Lagos.

Niyi Adegboye, Senior Business Developer at Accounteer who presented the winning pitch in 2018, said of his experience:

“It was an amazing experience participating in the MEST Africa Challenge 2018. Being the regional winner gave me the poise that Accounteer would emerge as the winner in South Africa, and the trip to Cape Town was superb.

Accounteer is proud to be a part of the MEST portfolio today.” Since winning the Challenge, Accounteer has expanded from Nigeria into Kenya. It has also received follow-on funding from Microtraction.

Read Also 7 Reasons why you can’t secure funding for your business

How to Apply for MEST Africa Challenge 2019

Applications for this year’s Challenge will be open from January 14th – February 15th, 2019.

If you are a post-revenue tech business, in any vertical, who can show why you should be taken seriously as a leader in your space, you are encouraged to apply online.

Top companies in each region will be invited to pitch at regional events. These events are to be held on the following dates, at MEST Incubator locations or local partners office:

Accra: Wednesday, February 27
Nairobi: Wednesday, February 27
Lagos: Thursday, February 28
Cape Town: Thursday, February 28
Abidjan: Thursday,February 28

The Final Pitch is set to hold in Nairobi, Kenya on June 12th, 2019

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Good luck as you apply

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