Call for Applications: BlueInvest Africa 2024 For African SMMEs and Startups

January 12, 2024January 12, 2024 press_admin 0 Comments

About

BlueInvest Africa is specifically designed to target registered African businesses already engaged in various sectors of the blue economy, including start-ups. It also aims to engage African Small, Micro, and Medium-sized Enterprises (SMMEs) officially established in an African country that possesses innovative ideas with potential for further commercial development within the African market.

The event anticipates the participation of around 200 on-site attendees, along with remote participants from both Africa and Europe, including investors and entrepreneurs.

BlueInvest Africa’s primary goals include fostering valuable business connections, creating opportunities to establish a network of potential partners, showcasing real-world business projects from the field, and facilitating the exchange of best practices and innovative ideas.

The event has a clear objective. It seeks to spotlight the largely untapped potential in Africa, promote entrepreneurial initiatives, and encourage active participation from both the public and private sectors in the rapidly expanding blue economy of the continent. Additionally, the event is geared towards promoting forward-thinking and sustainable solutions. A total of 30 pitchers will be selected for participation in this event.

Eligibility Criteria:

Selected applicants in response to this call must adhere to the following eligibility criteria:

Location and Registration:

The pitching company must be legally registered and actively operating in an African Union member country. The organizers will make a concerted effort to ensure a balanced representation across diverse regions within Africa.
Applications from women, people in need and young entrepreneurs are highly encouraged, fostering inclusivity and diversity.
The company’s head office or registered office must be located in an African country, and its primary business activities should be conducted within the continent.
It is imperative that the pitching company possesses intellectual property rights over the product or service proposed by their project. A self-certification guaranteeing that the company is the owner of the intellectual property (IP) or exclusive licensees is required.
A signed Guidelines for Call for Applications for Pitchers must be uploaded with your application.

Benefits:

The selected pitchers will benefit from the following:

The opportunity to deliver their pitch, presenting their project, business idea, product, or service on the stage in Kenya during the aforementioned event.
The chance to engage in face-to-face interactions with both public and private investors with the objective of securing deals and obtaining financial support for their business or project.
Access to coaching and mentoring sessions, either in group settings or on an individual basis, tailored to prepare them for their pitch.
A unique opportunity to connect with fellow African project holders actively engaged in blue initiatives.
Access to a range of side events covering topics related to financing opportunities.
Direct access to development banks and other financial institutions.
Promotion of their stories and projects through various media outlets and social media platforms.

Pitch Presentation:

The selected pitcher is required to be physically present in Kenya and deliver a presentation on behalf of his/her company, business, or project.
The designated pitcher can be a founding member, director, CEO, or any individual closely involved in the decision-making and management of the company or business.
Alternatively, a staff member designated by the company may also present the pitch. The pitching company is responsible for appointing a backup person who will stand in for the designated pitcher in the event of an emergency, such as illness or accident. The backup person’s details must be provided in the application, along with an indication of their availability to step in. Proficiency in both French and/or English is a requirement for the backup person.

Small and Medium-Sized Enterprise (SME) Status:

The company or business must qualify as a Micro, Small and Medium-Sized Enterprise (MSME), adhering to the definition outlined in the EU Recommendation 2003/361. Determining factors for MSME status will be assessed based on established criteria.