Congrats to the #YouCAN Pitch Competition Winners selected by Cameroon Angels Network (CAN)! Three startups will receive cash prizes and up to $40,000 in investment each.
The #YouCAN pitch competition was organized by Cameroon Angels Network (CAN) in partnership with ActivSpaces, VC4Africa and Sanaga Ventures. Via a campaign page on CAN’s VC4Africa Partner Page the competition was open to all startups in Cameroon. CAN invests in all sectors and industries with a particular interest in technology. Founded in 2014, Cameroon Angels Network (CAN) is the first network of angel investors in Cameroon.
The #YouCAN competition attracted over 45 applicants from all over Cameroon vying for the opportunity to be selected as the first investment of the newly created CAN. After an initial selection process, 10 startups were invited to pitch on Saturday, January 31, 2015 during the #Pitch237 joint event with Cameroon tech hub ActivSpaces which was selecting eligible startups for their upcoming Activation Bootcamp.
The three winners of #YouCAN:
– Djoss.tv: Djoss.tv enriches the television viewer’s experience by creating a central virtual place where viewers worldwide watching the same program can connect to discuss and share their emotions in real time. For more see Djoss.tv’s VC4Africa venture profile and also see an interview we had with the team at the start of their journey, over 2 years ago!
– New Era Publishers:New Era Publishers is building the “African Disney” by creating comic characters and making them available through multiple channels such as comic books, toys and video games. For more see New Era Publishers’ VC4Africa venture profile.
– CarDispo:CarDispo is a Mobile and web based platform that aims to connect passengers and taxi-drivers.
Djoss.tv and New Era Publishers were also winners of the separately judged Activation Bootcamp competition.
The winners of the #YouCAN competition will each receive $500 in cash prizes. In addition, they will each receive up to $40,000 each in investment after a due diligence process by CAN. The due diligence process in expected to last approximately three months.
“Seed investment has always been a key missing element of the Cameroon startup ecosystem. With #YouCAN, the Cameroon Angels Network aims to change that” says CAN cofounder Rebecca Enonchong.”
“We had some excellent investment candidates” Says CAN cofounder Anthony Same “Selecting these three is just the beginning. We look forward to many long term investments in Cameroon based startups.”