East African mobile startups pitching competition PIVOT East has announced the 25 finalists that will pitch at the Pivot East 2015 event.
The finalists, 5 from each category were selected from the 50 semifinalists from across the region. They will compete to win market recognition and investor interest during the pitching conference which will be held on 22nd July in Nairobi, Kenya.
Out of the 25 startups, 17 are from Kenya. 6 of the startups are from Tanzania. Uganda and Rwanda are represented in the list by one startup each.
For each category a 6th best startup has been placed in a waiting list, and may pitch at the conference if a finalist drops out for any reason. Startups in the waiting list are; Bangaiza App, Ekodi, Softballot and SpotMe – Skillence from Kenya and Yanguwa from Uganda.
Investors that formed the finalist selection panels were among venture capital firms, angel investors and impact investors. Some of the venture capital funds involved were Savannah Fund, Kuramo Capital Management LLC, Novastar Ventures, and TLcom Capital LLP. Other venture capital funds involved were Gray Ghost Ventures, ACCION’s venture labs, the Invested Development, Kaizen Venture Partners,Inventure Management Ltd, and Investec Asset Management. The individual angel investors were from thriving startup ecosystems such as Silicon valley, Berlin among others.
This year, the finalists of the competition will receive training, coaching and mentorship in the weeks preceding the pitching conference and also after the pitching conference. These activities assist the finalists to improve key elements of their business models and the positioning of their startups to the rich audience at the conference.
PIVOT East competition aims to facilitate discovery and nurturing of the next wave of high potential mobile innovations into sustainable business, ensuring that mobile innovations are high in the agenda of regional, governments, corporates and development agencies for amplified development impact and to raise the quality of mobile startups in the region.
Click here for details of each startup.