Spanish quick-commerce start-up Glovo has launched a pitch competition targeting early-stage tech startups in Kenya that are delivering value to SMEs.
The competition will be organized in partnership with Esade Business School, Ashoka Africa, and Boston Consulting Group (BCG)
The on-demand courier service that purchases, picks up, and delivers products ordered through its mobile app says the aim of the startup competition is to help accelerate the progress and success of SME focused startups that are improving the operating and business environment and efficiency levels and ultimately increasing the chances of success for those SMEs.
The competition is open to startups that have not raised more than $20,000 in funding. It will be made up of 2 stages. The first stage will be through an online submission while the second stage will be a physical event where the top eight shortlisted businesses get to pitch their businesses in-person to a panel of judges.
Speaking during his recent visit to Kenya, Sacha Michaud, co-founder at Glovo said “Africa is a massive opportunity to invest in, and we at Glovo are committed to helping build the Kenyan ecosystem for digital services, and we recognize the needs of SMEs as a critical part of the community. We believe Kenya is a hub for technology and innovations, we look forward to seeing the competition unfold and most importantly to help accelerate SMEs in the country on their digitalization journey.”
The top eight selected projects from the first phase will be invited to compete for the final prizes in front of a jury of experts including the co-Founder of Glovo, the Managing Director of BCG Kenya, and other tech leaders. The live pitch will be held on 29th April 2022 in Nairobi, Kenya. Invited to the panel of judges would be representatives from the Ministry of Industrialization, Trade and Enterprise Development and Information Communications, and Technology in Kenya.
Interested startups can submit their applications here on or before 31st March 2022.