Wednesday, April 14, 2021
Home Startups African startups can now apply for Extreme Tech Challenge (XTC) 2021

African startups can now apply for Extreme Tech Challenge (XTC) 2021

Nigerian-founded early-stage VC firm, EchoVC, and Africa-focused venture capital company, Atlantica Ventures have partnered with a global innovation startup competition, Extreme Tech Challenge (XTC) to select three qualified startups from Africa to participate in the 2021 global XTC event.

The competition is both sector and stage-agnostic, hence, Africa-focused as well as African-founded startups at any stage are welcome to register.

This collaboration will make it the first time that African startups will be represented in the XTC competition. In 2020, XTC got 52 finalists solving problems with technology from different countries around the world.

Ik Kanu and Aniko Szigetvari who are Founding Partners at Atlantica Ventures, and Aima Nwafor-Ohiwerei, Senior Analyst, Research and Portfolio Manager at EchoVC explain each establishment’s role in this partnership.Advertisementhttps://567a179e52bea98fada7492b81156bfd.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

First is to make sure many African entrepreneurs are aware of the opportunities this competition presents. Secondly, they will be responsible for collating applications to choose 10 qualified startups.

Representatives from these two VC companies and other corporations, including IFC and Total will sit on the selection board to choose the three finalists that will make it to the competition. They will also provide mentorship for them to refine their pitch before the competition.

Meanwhile, selection processes are also going on in other regions like Latin America, Sydney, Japan, India, Indonesia, Mexico, and Jerusalem in collaboration with companies like Ford, Samsung, Microsoft, Cisco, Zoom, among others.

The competition accepts startups in agritech, fintech, smart cities, edtech, cleantech, healthtech, mobility/ logistics, and enabling technologies.

Interested founders can register here.

For this stage, the application is already open and will close on April 2. The next stage where 10 startups will be selected is on April 16, while the final three will be chosen on April 23 ahead of the main event which will be held virtually during the Summer.

XTC is a non-profit organization that partners with VCs and corporations around the world to support and fund early-stage startups and expose them to funding, mentorship and training on a global scale, exposure, and collaboration.

Since its inception, Atlantica Venture has invested in eight African startups including Paystack, One Pipe, Curacel, Bento, Sendy, and Tizeti.Advertisementhttps://567a179e52bea98fada7492b81156bfd.safeframe.googlesyndication.com/safeframe/1-0-38/html/container.html

Founded by Eghosa Omoigui in 2011, EchoVC now has a presence in 12 countries within and outside Africa and has invested over $41 million in startups including unannounced rounds.

For further details about the competition, visit the XTC website.

SourceTechpoint

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

14.3 Million South African Facebook Users Implicated by Data Breach

On April 3, Business Insider uncovered how more than 530 million Facebook users personal information had been made publicly available in an unsecured database...

Twitter to Build African HQ in Ghana

Twitter is set to base its African headquarters in Ghana. According to Business Insider, the social media company is hoping to fill 12...

Amazon’s Alexa earbuds return with a smaller design and wireless charging

It’s been about a year and a half since Amazon released the first Echo Buds. I reviewed them when they arrived, and...

Quro Medical, the South African startup pioneering hospital-at-home services, has raised a $1.1m seed round

South African digital healthcare startup, Quro Medical, has just secured $1.1 million in seed funding. This round was led by Kenyan and South...

Recent Comments

Obunseh patrick chukwuma. on Vote: Africa Corporate Brands Awards, 2020
Egbe Anyalewechi Malvin on Vote: Africa Corporate Brands Awards, 2020
Egbe Anyalewechi Malvin on Vote: Africa Corporate Brands Awards, 2020