Apply Now for the 6th Edition of the MEST Africa Challenge: Your AgriTech Innovation Could Win $50,000 in Equity Funding

Are you leading an innovative AgriTech startup that’s looking to make a significant impact in Africa? The MEST Africa Challenge (MAC), the continent’s premier Pan-African pitch competition, is back for its 6th edition, and this could be your chance to take your business to the next level. If you’re operational in one of the 14 eligible countries, now is the time to showcase your groundbreaking solutions, gain global visibility, and secure up to $50,000 in equity funding. Here’s everything you need to know to get started.

What is the MEST Africa Challenge?

The MEST Africa Challenge is an annual pitch competition that brings together the best early-stage technology startups from across Africa. Since its inception, MAC has played a pivotal role in spotlighting and accelerating the growth of numerous startups. Past winners, such as Tanzania’s Kilimo Fresh, Senegal’s Kwely, and South Africa’s Koa Academy, have gone on to achieve remarkable success, gaining global recognition and making significant strides in their respective industries.

This year, the focus is on AgriTech—one of the most vital sectors for Africa’s sustainable development. If your startup is driving innovation in agriculture, this competition is tailored for you.

Why You Should Apply

Participating in the MEST Africa Challenge offers more than just the chance to win $50,000 in equity funding. It’s an opportunity to:

• Gain Global Visibility: Your startup will be showcased on a global stage, attracting potential investors, partners, and customers.
• Receive Ongoing Support: Winners gain access to MEST Africa’s extensive network, which includes mentorship, business support, and a community of like-minded entrepreneurs.
• Validate Your Business: By pitching in front of a panel of experienced judges, you’ll receive valuable feedback that can help refine your business model and strategy.

Eligibility Criteria: Is Your Startup Ready?

To ensure that your startup is eligible for the competition, make sure you meet the following criteria:

1. Early-Stage AgriTech Startup: Your business should be focused on agricultural technology and still in its early stages of development.
2. Monthly Recurring Revenue: Your startup must have a minimum of $5,000 in monthly recurring revenue.
3. Funding Raised: Your startup should have raised between $0 and $1 million in cumulative funding.
4. Years in Existence: Your startup should be 3 years old or less.
5. Operational Presence: Your startup must be operational in one of the 14 eligible countries: Benin, Cape Verde, Côte D’Ivoire, Gambia, Ghana, Guinea, Guinea-Bissau, Liberia, Mauritania, Nigeria, Senegal, Sierra Leone, Mali, and Togo.
6. Founding Team: Your startup must have at least two founding team members.
7. Preferred Registration: While not mandatory, it’s preferred that your startup is registered in Delaware.
8. Business Model: All types of business models are accepted, whether B2B, B2C, B2B2C, or B2G.
9. Pitch Language: All participants must pitch in English.

How to Apply:

The application process is straightforward but requires attention to detail to ensure your startup stands out. Here’s how to apply:

1. Complete the Online Application: Start by filling out the online application form with all the required details about your startup.
2. Submit a Pitch Deck: Prepare a comprehensive pitch deck that outlines your business model, market opportunity, traction, financial projections, and how you plan to use the $50,000 equity funding if you win.
3. Record a 3-Minute Video Pitch: Create a compelling video pitch that succinctly explains your startup, its impact, and why you deserve to win. This video should be no longer than 3 minutes.
4. Top 10 Finalists from Each Country: After reviewing all applications, the top 10 finalists from each eligible country will be selected to move on to the next stage.
5. Virtual Semi-Finals: The semi-finals will be conducted virtually, where each finalist will pitch live to a panel of judges. The top 5 startups from this round will proceed to the grand finale.
6. Grand Finale and Demo Day: The competition will culminate in an in-person grand finale and demo day, where the top 5 startups will present their pitches once more. The date for the finals will be announced later.

Important Dates to Remember

• Applications Open: 26th August 2024
• Applications Close: 4th October 2024
• Top 20 Participants Chosen: 14th October 2024
• Virtual Semi-Finals: 29th and 30th October 2024
• In-Person Finals: Date TBA

Why AgriTech Matters Now More Than Ever

Agriculture remains the backbone of many African economies, employing a significant portion of the population and contributing substantially to GDP. However, the sector faces numerous challenges, including climate change, inefficient farming practices, and supply chain disruptions. AgriTech startups are uniquely positioned to address these challenges through innovative solutions such as precision farming, supply chain optimization, and sustainable agricultural practices.

The MEST Africa Challenge aims to empower startups that are at the forefront of these innovations, providing them with the resources they need to scale their impact across the continent and beyond.

How MEST Africa Supports Startups

MEST Africa is not just a pitch competition; it’s a launchpad for African entrepreneurs. With a track record of fostering successful startups, MEST Africa offers comprehensive support that extends far beyond the competition. This includes:

• Mentorship: Access to a global network of mentors who are industry experts and successful entrepreneurs.
• Funding: In addition to the $50,000 equity prize, MEST Africa helps connect startups with potential investors.
• Community: Joining the MEST Africa family means becoming part of a vibrant community of entrepreneurs who are committed to driving change in Africa.
• Business Support: Startups receive tailored business support to help them scale and succeed in their markets.

The 6th edition of the MEST Africa Challenge represents a unique opportunity for AgriTech startups to gain the recognition, funding, and support they need to thrive. If your startup meets the eligibility criteria, don’t hesitate—apply now and take the first step towards transforming your business and making a lasting impact on Africa’s agricultural landscape.

Start Your Application Here.