Seedstars World, a global seed-stage start-up competition for emerging markets, will host its final competition for GCC-based start-ups in Manama, Bahrain.
Seedstars GCC 2016, to be held on 24 September, will see 15 start-ups compete to win the title of GCC’s Best Start-up and two will be chosen to represent the GCC at a summit in Switzerland.
The GCC winners will also be invited to the Seedstars MENA Regional Summit being hosted in Bahrain from 14 to 17 December 2016.
The Seedstars Global Summit, taking place in Switzerland every year, is a week-long training programme which provides the regional winners with an opportunity to meet other 60 winners as well as investors and mentors from around the world.
Continuing on its goal to put the spotlight on entrepreneurs from emerging markets, Seedstars World has expanded its competition to more than 60 countries for 2016, up from the 36 countries in the 2014 edition.
On the final day of the Seedstars Global Summit, the regional winners pitch their business ideas in front of an audience of 1,000 attendees for a chance to win over $500,000 in prizes and equity investment.
The past winning participants of Seedstars World have raised over $33mn together cumulatively, providing employment to over 885 employees around the world.
The Seedstars Summit 2016 will also feature industry-specific tracks in parallel to the general Seedstars World competition prize. The Jacobs Foundation is also offering a grant of 50,000 CHF for product customisation or a pilot project in the francophone market.
“Seedstars World is a platform connecting investors to the next generation of start-up entrepreneurs pulling the spotlight from Silicon Valley and Western Europe. We honestly think the best way to have an impact in emerging countries is by investing and promoting entrepreneurship” explains Alisee de Tonnac, Seedstars World CEO. “We look forward to seeing how the different start-up scenes have evolved in a year and the new startups in the country.”For all the latest business news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.
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