Summary of this opportunity:
- Opportunity type: Bootcamp to prepare you to Pitch for funding
- Offered by: Co-Creation Hub & Next Einstein Forum
- Where: Nairobi, Kenya
- Call for submissions: 27th November 2019
- Application deadline: 20th December 2019
- Shortlisting: 20th Dec. 2019 – 27th Jan. 2020
- Final Selection: 27th – 28th Jan 2020
Are you an African Sciencepreneur (science entrepreneur)?
Next Einstein Forum (NEF) in collabration with Co-Creation Hub (CcHub) is seeking ways of improving the transition from lab to market. This transition often is not clear cut for scientists. Tech transfer is weak if not nonexistent at most universities. As well, there is a clear disconnect between the thriving startup ecosystem in Africa and academic institutions and research labs.
The objective of this meetup is to support some of the exceptional African science entrepreneurs (Sciencepreneurs) with pitch preparation and investment readiness sessions and thereafter, connect them to investors.
These sessions will take the form of a bootcamp and are scheduled to hold before the NEF Global Gatherings in March 2020; the largest science and innovation gatherings on the African continent.
What to expect after the bootcamp
At the end of the bootcamp, the Scientists will gain knowledge of how they create and deliver value, through their solution, to their end-users. In addition, they will have an understanding of funding options, valuations and how to tell a compelling story when pitching their solution to investors.
Goal of this bootcamp
The underlying goal is to show that successful African science entrepreneurs can demonstrate that, given the right investment and access to training and resources, they can compete on the regional and world stage.
What we are looking for?
- Sciencepreneurs with ideas/ solutions that fall under the following categories in line with the AfDB High 5s:
- Integrate Africa
- Light up & power Africa
- Feed Africa
- Industrialize Africa
- Integrate & improve the quality of life for the people of Africa
- Adequately researched problem with a clear picture of the target segment it affects
- The solution should be at the idea stage or MVP stage [proven/tested scientific solutions]
- Early-stage companies and scientists interested in commercializing their solution
- The innovation/ breakthrough idea could be from an individual or an existing company. It must improve on an existing process or be completely new [i.e. hasn’t been done in the Sciencepreneur’s region/in Africa]
Benefits of the NEF Investor Meet Up to Sciencepreneurs
- Scientists will gain knowledge of how they create and deliver value
- Gain a deep understanding of how to transition from lab to market
- Be prepped on pitch preparation & investment readiness
- Have an understanding of funding options & valuations
- Be connected to investors at the NEF Global Gatherings in Nairobi, Kenya
- Pitch your idea for a chance to win $25,000 per category [AfDB High 5s]. Beyond the winning prize per category, startups will be matched with investors for a chance to raise funding.
- Receive a free ticket and accommodation to attend the NEF Global Gatherings in Nairobi Kenya in March 2020; the largest science and innovation gatherings on the African continent.
Who is eligible?
- Be a holder of a passport from an African country
- Africans/people of African descent living on the continent
- Be 42 years of age or less as of 31 December 2019
- You are passionate about raising Africa’s profile in STEM globally
- You are able to clearly present your work to an audience in English or French
- Hold a Bsc/MBA/ PhD in a field of science, Technology, Engineering, Mathematics or the Social Sciences
- Available to travel from March 5 to March 13, 2020
(45%): Relevance – demonstrated commitment to advancing science and/or improving and impacting society, notably in Africa. This can be validated by:
● A breakthrough idea/ solution developed by the Sciencepreneur
● An adequately researched problem with a clear picture of the target segment it affects
● A proven scientific solution with clear use case and documented impact
● A solution/ breakthrough innovation with commercialization potentials
(40%): Impact of solution
● Number of people the solution can potentially reach
● Clear plan / process/ an idea of how to commercialise the solution
● Number of jobs that can be potentially created by the deployment of the solution across Africa
(7%): Outstanding academic qualifications as measured by the standards of their particular academic discipline. Examples of notable achievements include:
● Academic maturity and clear evidence of scientific potential and a distinct research profile
● Endorsement or approval or letter of support from an Academic institution showing your academic excellence
(8%): Communication skills as demonstrated in the video submission
For enquiries, contact: firstname.lastname@example.org