ADDIS ABEBA – Promising Ethiopian startups will soon get the opportunity to showcase their business concepts and compete for global exposure at the Annual Investment Meeting (AIM) National Startup Virtual Pitch Competition, its organizers said on Wednesday.
The competition will be hosted by Dubai Chamber of Commerce and Industry or DCCI’s representative office in Ethiopia, an AIM Official Startup National Partner, on September 24, 2020.
It has a support of Dubai Startup Hub (DSH), an initiative of Dubai Chamber, Ethiopian Ministry of Innovation and Technology as well as Entrepreneurship Development Center (EDC).
A promising 10 startups will be selected to participate in the pitch competition.
Startups that have achieved growth, social impact, best use of innovation, climate and environmental impact, privacy, data protection and compliance are invited to apply to these specific categories, the organizers said.
Participating startups will get an opportunity to leverage the prestigious platform to showcase their business concepts to a global audience and benefit from high-level networking and Dubai Startup Hub membership.
The national winner from Ethiopia will compete with other national winners in the AIM 2020 Global Startups Champions League, and avail other event features such as exhibition space at Virtual AIM 2020 and one-on-one meetings with prospective investors.
The top 5 winners of the AIM 2020 Global Startups Champions League will receive a combined grand prize of USD 50,000.
Virtual AIM 2020 to be held October 2020 brings together government officials, business leaders and investors from more than 170 countries to engage in emerging developments and investment options.
“We look forward to seeing the innovative business concepts that emerge from this competition, which will only strengthen UAE-Ethiopia business ties and facilitate cooperation between the two countries’ startup eco-systems,” said Omar Khan, Director of International Offices at DCCI.
“Dubai Chamber’s representative office in Addis Ababa is seeing growing interest on the part of Ethiopian startups and companies that are keen to explore growth opportunities in Dubai and leverage the emirate as a strategic hub to expand their global footprint,” Khan added.
A special conference will be held for all AIM startups to further support and foster growth whilst venturing out into new avenues.
To be qualified for the Ethiopia National Startup Pitch Competition, the organisers say startups must have less than 50 employees, be at least 2-7 years in the business, have passed at least one round of funding, have an annual revenue of between $50,000 – $1,000,000 and match the listed categories.