New Seedstars Tech Incubator Set For Tanzania As Rapid Expansion Continues
Switzerland-based Seedstars, the world’s biggest startup competition in emerging markets, plans to launch a tech incubator in Tanzania in July.
The incubator in Dar Es Salaam will be the fifth Seedspace hub in Africa, and is set to officially open on Jul. 10, according to Ventureburn.
The Tanzanian hub will be opened and run by Seedstars in partnership with Omidyar Network, the Silicon Valley impact investment firm established by Pierre Omidyar, the founder of eBay.
The Dar Es Salaam Seedspace will be the fifth on the African continent, after the launches of the company’s Cairo Seedspace in April this year and Cape Town on Jun 21., with two further incubators in Lagos, Nigeria and Abidjan, Cote D’Ivoire.
With four other incubators present in Geneva, Switzerland (La Chevillarde and La Praille) and Colombia (Bogota and Medellin), the organization aims to have 15 Seedspace venues globally by the end of the year, according to Seedstars.
Romulo Navarrete, head of operations at Seedspace, expressed the incubator’s interest in Tanzania and ability to connect entrepreneurs in the country to an international market.
“For a long time we’ve been active in the Tanzanian ecosystem, organizing Seedstars World and engaging with local and international players. Omidyar Network played a vital role in the process, by supporting the opening of this hub, through which we aim to consolidate our activities in the country, providing Tanzania with access to a robust international community, more than just a space,” said Navarrete, according to Techmoran.
“Omidyar Network and Seedstars have been major partners for many years. It made great sense now that we joined forces to provide a greater impact to Seedspace members,” he added.
New tech incubator for the emerging markets startup competition hosts
Known for its global startup contests, Seedstars brings together the best tech startup talent from around the world, with a special focus on emerging economies.
Competitions take place within each of these countries, with the eventual winner given the chance to pitch to global investors at the Seedstars World competition, providing these early-stage companies with invaluable exposure.
Local competitions for the 2019 edition have begun in Africa, with Cairo, Tunis and Harare having gone through the process of choosing their winning tech startup thus far.
Agrocenta was eventually chosen as the winner from the 65 tech startup finalists from around the world, earning a $500,000 investment from Seedstars as a result, according to
Seedstars World, which describes itself as the world’s biggest startup competition in emerging markets, saw the Ghanaian startup chosen as the best among many impressive ideas and innovative businesses.
AgroCenta was the Ghanaian winner in their local Seedstars Accra competition. The startup has developed a solution which empowers smallholder farmers through innovative technology.