Belarusian startups can win $ 500 thousand investment online
The Swiss company Seedstars has started accepting applications for the largest startup competition in emerging markets. Belarusian projects have the opportunity to participate in the drawing of investments up to $ 500,000.
In 2019, the Seedstars World Competition was first held in Minsk. Of the more than 100 applications, Skinive (Wise AI), the project to create a virtual AI dermatologist, became the winner. In the worldwide final, which took place on April 3 2020 online, the Russian startup StudyFree won.
Dmitry Dosov, ambassador of Seedstars World Competition in Belarus, told about the peculiarities of the Belarusian experience: “Last year we impressed Seedstars and set a regional record for the number of applications submitted. And despite very strong projects, everyone had one problem — the ability to pitch in English to be really breathtaking. Without it, it is difficult to attract an investor, and even more to win in such a difficult international competition. This year we considered our mistakes, and the finalists will be prepared by the Demium Minsk team.”
Due to the current situation in the world, the Seedstars World Competition 2020/21 will be completely online.
In order to get an opportunity for investment and mentoring assistance from Seedstars, Belarusian startups must submit an application on the website in the Minsk event section. At the same time, the following requirements are imposed on projects:
- the presence of MVP — a minimally functional product
- first sales as proof of its relevance
- previous startup investments should not exceed $ 1,000,000.
“You need to try to apply for all startups that fit the criteria. I carefully watched the way of startups that reached regional and global levels — for six months they all attracted funding from investors not linked to Seedstars. Because this contest is really a great opportunity to make yourself known on the world stage and attract smart investments, ”added Dmitry Dosov.
The winner of the competition will receive investments in the amount of $ 500,000, another 10 finalists can expect $ 50,000. All startups that have reached the regional summits will be included into the worldwide expert network of mentors, which will provide a new impetus to the development of the project.
“Our goal is to find and help the most innovative startups from all over the world, giving them investment and entrepreneurial education. We want to give global opportunities to those who don’t have access to resources, increase entrepreneurship in emerging markets and act as a catalyst for local startup ecosystems, ”said Seedstars co-founder Alice de Tonnak.
To apply, simply visit the Online Seedstars World Competition 2020/21.
About the organizer: Seedstars is a Swiss company that, since 2013, has been organizing an annual startup competition in more than 90 countries in order to identify and invest in the most promising projects in emerging markets.