Let's just say, many of you have been wondering what #StartupSouth it's all about. many believed that this is a paid advert that's why Abacityblog has been busy writing about it. Well, it's far beyond what you think. #Startupsouth is something that will benefit you and I, especially the startups based in the South East/South South.
Startupsouth is Nigeria's premier Startup Conference focusing on founders mainly in the South-South and South-East of the country. It's main objectives is to educate, expose and possibly attract funding to ventures in the states that make up these geo-political regions.
Well, because Lagos already have all the exposure and in fact is believed (rightly so) as the main startup hub in Nigeria. Some even think it's the only one and it's to help this second category of people that #StartupSouth was instituted. Another reason is to encourage local HNIs to lead the way in investing in early stage ventures as a tool to reduce youth related vices.
Application, Selection & Training
We had a total of 24 Startups apply to Pitch at #StartupSouth2. 10 of them will receive virtual and physical training by Uchey Ariolu (of Foodstantly.com) & others
At the end of the training ending with a mock pitch, 4 will be selected to pitch at #StartupSouth2.
Each of them will get a free pass to the networking Dinner and possibly investments.
With the exception of one, it's important to note they are all early stage startups. Hence criteria used are:
1. Social Media Presence: The thinking here was to demonstrate founders ability to utilize free resources for promotion.
2. Market Size: Is there enough potential users or custoners for the solution?
3. Scalability: How difficult/easy can it get to scale the idea.
4. Innovation: How innovative is the idea? Can it be replicated easily?
5. Relevance: How relevant is the solution both now and into the future.
6. Team: How compact and skilled the team is and their ability to progress solution to a more investible stage.
7. Traction: What level of progress has the team achieved on the solution so far? Product dev, user signups, Revenue.
We received applications from Startups in 5States namely - Rivers, Akwa Ibom, Abia, Delta and Bayelsa. Our eventual goal is to cover 11States.
We received entry from Startups operating in Agro-Alied, Fin-Tech, eCommerce, Edutech, Energy, Fashion and Entertainment.
The following Startups have been shortlisted to progress to the next phase.
wattclass (www.wattclass.com) - An online learning platform that enable to tutors and students get value for their time and money respectively, it’s like the Nigerian Coursera
Dresnice (www.dresnice.com) - Online Tailoring Shop that allows you to order and select designs and get it them made and delivered to you.
Studacom (www.Studacom.ng) Online off-campus student hostel booking and roommate finding platform
Notify - Smart school solution that automates test/exams with integrated schools fees collection and reconciliation feature.
Ioumoney (www.ioumoney.com.ng) - Online directory for loan providers in Nigeria.
Piston Spark - Producers of organic Solar Cell for electricity generation by recycling waste lead from lead acid accumulator batteries used in cars
Payconnect (www.payconnect.ng) - Online Lending portal for the un-banked. Allows for quick loan application
Mabiri (https://play.google.com/store/apps/details?id=com.mabiri.store) - find and buy item from local stores/retailers near you. Helping to bring more street corner shops online for the growing population of Smartphone wielding shoppers.
MusicCloud (www.musiccloud.com.ng.) - Online streaming portal that connects unsigned artistes to their fans. Gives them dedicated pages that allow fans to discover and follow their up and coming stars just like Reverbnation
Garden Groceries (No Website Yet) - An online grocery store that delivers fresh ORGANIC farm produce and products to corporate buyers using an ordering app and delivery support.
Congratulations and good luck to all the teams.