The next 100 African startups Initiative

The Next 100 African Startups Initiative is a program, launched in partnership between the Egyptian Ministry of Investment and International Cooperation (MIIC) and the International Finance Corporation (IFC), which will select up to 100 promising African start-ups to participate in the Africa 2018 Forum in Sharm El-Sheikh on December 8-10. Selected startups will be given the opportunity to connect with international investors and financial institutions, government officials, and policymakers from the African continent.

Companies will be selected based on the following criteria:

STAGE OF OPERATION
The company must either be generating revenue with demonstrated early success, or have a working prototype or a product on the market.

PREVIOUS FUNDING
Typically, the company would have already received one or two rounds of funding and is now seeking Series A or Series B funding in the coming year

POSITIVE IMPACT
The company must have the potential to make a substantial long-term impact on African business and society as well as a commitment to improving the region.

VIABILITY
The company should have well-formulated goals and plans for development.

LEADERSHIP
The company must have visionary leadership with the capacity to drive it towards success.

INDEPENDENT COMPANY
The company must not be a subsidiary or a joint venture.

An independent committee will be given the task of selecting the participants for the Next 100 African Startups Initiative.

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