PITCH YOUR STARTUP TO WIN UP TO $20,000
Applications for this year’s competition have closed.
At WABF27, we aim to connect promising early-stage African entrepreneurs to a powerful network of investors, mentors, and coaches to accelerate their growth and resources to develop their ventures into regional powerhouses.
As part of this initiative, the Wharton Africa Student Association is pleased to announce the New Venture Competition at this year’s Wharton Africa Business Forum. Entrepreneurs will submit an application outlining their venture. The shortlisted finalists will pitch to a panel of judges and public audience at the conference on Friday, November 1, 2019 and Saturday, November 2, 2019
If you believe that your venture/idea has what it takes, please see the eligibility details below. Applications are now open, and the application deadline is Thursday, September 26, 2019 11:59PM EST
How it works
10 finalists will be shortlisted to pitch their business to a panel of expert judges on Friday, November 1, 2019. Then, only the Top 3 ventures emerging from Friday will present to the panel and conference audience on Saturday, November 2, 2019
1st place winner will claim $10,000 grand prize.
New this year:
2nd place will claim $5,000
3rd place will claim $3,000
The audience will get to vote an additional People’s Choice award with a discretionary monetary amount.
The competition is open to entrepreneurs with innovative solutions to some of the Africa’s toughest challenges. Entrepreneurs with ventures that meet the following criteria are encouraged to apply:
Focused on serving customers in Africa. Although the venture may not be domiciled/headquartered in Africa, the target customers/market has to be in Africa
Has a for-profit business model. Pre-revenue ventures are eligible
Has less than 50 employees and less than 3 years in operations
Raised less than $150,000 for their venture
Successful ventures demonstrate strength in these areas:
Customer Need & Market: Compelling reach and relevant need in their target market
Solution: Competitiveness and viability of solution to sustainably capture value from customers
Business Model: Defensible monetization strategy
Senior Fellow, Health Care Management and Lecturer, Entrepreneurship, Wharton School