VivaTech, with support from the International Finance Corporation (IFC), launched the first edition of the AfricaTech Awards, a pan-African initiative developed to recognize and support the most innovative and impactful African startups across three key sectors – Climate Tech, Health Tech and FinTech.
Tech startups can provide much-needed solutions to pressing global challenges, promote inclusion, and foster sustainable development. However, despite increasing interest from investors, startups across the continent too often struggle to find the capital they need to scale their innovations. The AfricaTech Awards aim to help create new market opportunities for emerging African startups, catalyzing support and inspiring action from investors, policymakers, fellow entrepreneurs, and leading institutions in the tech space.
Tech startups can provide much-needed solutions to pressing global challenges, promote inclusion, and foster sustainable development. However, despite increasing interest from investors, startups across the continent too often struggle to find the capital they need to scale their innovations. The AfricaTech Awards aim to help create new market opportunities for emerging African startups, catalyzing support and inspiring action from investors, policymakers, fellow entrepreneurs, and leading institutions in the tech space.
Eligibility Criteria for VivaTech AfricaTech Awards 2022
- Startup based in Africa
- Having a product/solution addressed to the African market
- Having a scalable product/solution
- Must have raised a minimum of $200K in capital but not more than $6M
- Must address one of the following themes: Climate Tech, Health Tech or FinTech
- The Challenges
- Climate Tech Challenge
Health Tech Challenge
Solutions that can expand access to healthcare among underserved communities, reduce the cost of services, and boost innovation in the healthcare sector.FinTech Challenge
Solutions that can expand access to financial services among underserved communities, promote financial inclusion and financial literacy, and improve the efficiency of the banking infrastructure.Benefits
Rewards for the Finalists
The top 9 startups (3 in each category) will receive:
- Take part in VivaTech
- Meet key players toscale your business
- Benefit from a strong visibility
- Join the event (flight, booth and passes)
- Pitch on stage on the AfricaTech Lab
- Take part in the official AfricaTech Awards ceremony
Rewards for Winners
The category winners will receive:
Climate Tech Winner
Introduction to the IFC Climate Tech Specialist and key industry players, Access to New Energy Nexus’ global clean energy ecosystem network and its local networks in Uganda and NigeriaHealth Tech Winner
Introduction to the IFC Health Tech specialist and key industry playersFinTech Winner
Introduction to IFC FinTech investment team and IFC partner VC fundsTimeline:
- 7 MARCH: Challenges Opening
- 25 MARCH: End of the challenge
- 2 MAY: Announcement of the Top 45 startups(15 per category)
- 6 MAY: Announcement of the 9 finalists (3 in each category)
- 15-18 JUNE: VivaTech Event AfricaTech Awards Ceremony
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