Worldbank Group, Ihub and Nairobi Garage to host challenge Cup
In partnership with the World Bank Group, iHub and Nairobi Garage will tonight the Regional Finals of Challenge Cup 2016, a global pitching competition for startups organized by global incubator and seed fund 1776.
Challenge Cup is an annual global tournament spanning over 50 cities and covering every continent to find, fund, and promote highly scalable startups with potentially transformative solutions in agriculture, transportation, education, energy, health, and finance.
Challenge Cup takes place in three levels: local competitions, nine regional finals—including the Regionals in Nairobi—and the global final, to be held in Washington, D.C., in June 2016. High-growth startups compete for $1 million in cash prizes and funding, media opportunities, and curated connections to mentors, corporate partners, policymakers, and potential investors.
The Regional Finals in Nairobi will showcase both the city’s most compelling startups and the companies that advanced from the local competitions held across the continent—Accra, Addis Ababa, Casablanca, Harare, Kampala, Lagos, and Pretoria—with the support of regional partners and the World Bank’s network of Climate Innovation Centers.
In addition to participating in the pitch event, competing startups will also join a two-day, pop-up accelerator program delivered by the 1776 CEO, industry partners, such as IDB, Philips, and AWS, and other key executives.