The Space-Tech Innovation challenge 2020 is now open to applications from innovators, entrepreneurs, and early-stage businesses across Africa. This is a program for founders who are African citizens or whose businesses are registered in Africa.
The main aim is to drive Africa’s geospatial readiness through local talent so that African businesses can service African demand for geospatial intelligence. Also, to identify the most promising target people and develop them into sustainable companies. So, if this sounds like what you have interest in, apply immediately.
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About The Space-Tech Innovation Challenge 2020
The Space-Tech Innovation Challenge 2020 will identify and develop the most promising new innovators, entrepreneurs, and early-stage businesses across Africa. The challenge is targeting downstream space-tech applications across agriculture, insurance, retail, sustainability, and conservation.
So, do you have what it takes to empower Africa through space-tech innovation? This is for you.
The set of applications which use earth observation, the gathering of information about the physical, chemical, and biological systems of the planet via remote-sensing technologies
More so, there has been a surge in demand for these applications across a wide range of industries where they are driving cost reductions and sustainability. Space-tech has reached a point where almost every business can or does use it- often without even knowing.
The African space-tech sector is one of the fastest-growing markets in the world, but it is still significantly underexploited. This represents a massive investment opportunity.
The African Union has identified earth observation as a key resource that must be leveraged in achieving Africa’s development goals. And, one of the best ways to grow the sector is through an open innovation challenge like this.
The major aim is to identify the most promising innovators, entrepreneurs and early-stage businesses across Africa and develop them into sustainable companies
To develop Africa’s geospatial readiness so that African businesses can service African demand for geospatial intelligence.
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How It Works
The entire duration of the program involves;
- Search Process – African innovators and entrepreneurs are to submit novel business ideas
- Entrepreneur support – The top 20 participants will enter a 1-month business development support programme to take their companies to the next level.
- Pitching Den – Then, Participants will pitch to a panel of judges and other industry players. And, Winners receive access to a 4-month online incubation and virtual mentorship programme.
- Ongoing entrepreneur support – Afterwards, all participants will be empowered with ongoing support to build sustainable businesses.
Benefits Of Space-Tech Innovation Challenge 2020
First, the top 10 participants will receive;
- Opportunity to showcase the company to a global audience at GEO Week, an intergovernmental earth observation conference
- Media coverage and social media blasts through ZASpace and partners.
- Industry links and market access through ZASpace and partners.
- Screening for investment by Anza Capital
- 1-month business development support through the Research Institute for Innovation & Sustainability
- Opportunity to pitch the company to judges and industry representatives during final pitching den
- Provision of ortho-ready satellite imagery from Maxar’s archive; 10x 25sqkm allocated per finalist up to the value of $75,250
Then, the overall Winners will enjoy
- 4-month online incubation and virtual mentorship, and ongoing access to a peer-to-peer network through the TechTribe
- Winner: SecureWatch Premium 5GB valid for 3 months to the value of $12,500
- Second place & Third place: SecureWatch Premium 2GB valid for 3 months to the value of $5,000 Opportunity to directly pitch your idea to MAXAR representative.
To be considered, you must meet the following criteria;
- At least one of the founders should be an African citizen, or your company is registered in Africa.
- Your innovation uses geospatial intelligence to serve one or more of the following industries; Agriculture, Retail, Insurance, Sustainability, and Conservation
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The deadline for application for the Space-Tech Innovation Challenge 2020 is October 16, 2020. If you have interest in the Space Innovation Challenge, you can apply using this link; https://spacetech.africa/
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