AfricaTech-Awards

AfricaTech Awards 2022

Application for AfricaTech Awards 2022 is ongoing!

About AfricaTech Awards

VivaTech, with support from the International Finance Corporation (IFC) as co-host, (VivaTech and IFC being together referred to herein as the “Co-hosts”) launched the first edition of the AfricaTech Awards, a pan-African initiative developed to recognize and support the most innovative and impactful African startups across three key sectors – Climate Tech, Health Tech, and FinTech (“the Categories”). 

The final ceremony rewarding the winners of the AfricaTech Awards will take place at the Viva Technology Paris event (the “Event”), which will be held from June 15 to June 18, 2022 physically in Paris, if the health context relating to Covid-19 allows it. 

Applications for the AfricaTech Awards will be reviewed and assessed by a panel of experts on the basis of qualitative criteria as set out in the present document.

No registration fees are required to participate, nor are Candidates (as such term is defined hereafter) supposed to acquire or use any item whatsoever. However, the cost of the internet connection required to register for the Challenge remains the responsibility of the Candidates.

AfricaTech Awards- Participants

The AfricaTech Awards is open to all African startups focused on one of the following categories: Climate Tech, Health Tech, or FinTech.

An application to the AfricaTech Awards must be written in English according to the process described in article 4. It requires the candidate to provide proof of residence or nationality from an African country. Any African startup meeting the above criteria (the “Candidate”), can participate in the Challenge as long as it provides all of the necessary information so that the jury may correctly evaluate the application (see selection criteria and participation form).

By participating in the Challenge, the Candidate will be expected to attend the AfricaTech Labs during the Event, the AfricaTech Dinner, the Pitch contest and the Awards ceremony (which will take place during the Event at VivaTech, Paris Expo Porte de Versailles, 1 Place de la Porte de Versailles, F-75015 Paris, France, exact dates will be communicated later) if selected amongst the 3 finalists per Category (total of 9 startups selected). VivaTech will provide an official invitation letter for the Event to finalists. 

If a candidate is unable to attend one of the meetings for unforeseen reasons or any other type of reason, they must inform VivaTech as soon as possible, and before May 16 at the very latest.

By registering and taking part in the Challenge, the Candidate accepts the terms and conditions of its participation listed above and is agreeing to respect them. VivaTech reserves the right to declare incomplete, false, or non-compliant entries invalid.

How to apply for AfricaTech Awards 2022

The legal representative or the Candidate of the startup shall:

The key dates of the challenge:

  • March 7, 2022 (9:30am CET): Opening of the Challenge
  • March 25, 2022 (12pm CET): Closing of the Challenge
  • May 2th, 2022: Announcement of the Top 45 (15 per Category)
  • May 6th, 2022: Announcement of the 9 finalists (3 per Category) during the VivaTech press conference
  • June 15 – 18, 2022: VivaTech Event :
    •  Startup exposition in the AfricaTech Lab
    • AfricaTech Dinner
    • AfricaTech Award Ceremony rewarding the winner in each Category

*We will allow a delay of one week after this date for startups that have not completed their applications.

The 9 selected startups are asked to come and exhibit their startup during 4 days, from June 15 to June 18, 2022, at the AfricaTech Lab at Viva Technology in Paris Expo Porte de Versailles, 75015 Paris. They will also have to present their project during the Viva Technology’s final ceremony. The exact date and time will be communicated to the selected Startups at a later date.

There will be one winner per Category.

All the finalists will be invited to pitch their startup on the AfricaTech Lab stage. All detailed information regarding the format, time and dedicated space will be sent by VivaTech to the 9 finalists.

 5. DETERMINATION OF THE WINNERS

Winners

  • Top 45 Selection

Once the Challenge is closed, the knowledge partner will be in charge of screening all the applications and select 15 startups per Category (45 startups in total) following the selection criteria below: 

  • Eligibility of the startup: Startup based in Africa, having a product/solution addressed to the African market, having a scalable product/solution, must have raised a minimum of $200K in capital but not more than $6M must address one of the following themes: Climate Tech, Health Tech or FinTech.
  • Impact of the startup: Product/solution with proven results in addressing pressing issues affecting society and/or the environment.
  • Innovation of the solution: Originality and innovation level of the tech solution compared to existing alternatives (problem-solving approach, characteristics of the technology used, patented processes or components, etc.)
  • Scalability of the startup: Market size and scalability potential of the startup (total addressable market, potential to expand to other markets, etc.)
  • Team profile: Level of experience and size of the team (number of employees, level and diversity of expertise, entrepreneurship and/or academic background, etc.)
  • Business model of the startup: Demonstrated traction and product-market fit (maturity of the startup, commercial traction, number of clients, annual global turnover growth, etc.)
  • Top 9 Selection:

Once the 15 startups per Category are selected, a jury composed of representatives from VivaTech, IFC, sponsors, ambassadors and other key ecosystem players, will be in charge of selecting  the Top 3 startups per Category (9 startups in total).

The selection criteria will be the same as the Top 45 selection criteria, with a higher level of expectation. 

  • Top 3 Selection:

The jury composed of VivaTech, IFC representatives, sponsors representatives, ambassadors representatives, and other key ecosystem players will be in charge of nominating the winning startup of each Category. The winner of each Category will be announced during the Awards Ceremony at Viva Technology.

AfricaTech AwardsPrize

For the 9 finalists: 

1) Take part in VivaTech

  • 1 Invitation to the Event (including flight, booth and passes*)
  • Pitch on stage on the AfricaTech Lab
  • Take part in the official AfricaTech Awards ceremony

*A finalist startup wins 2 plane tickets from its country of origin to Paris, hotel accommodation for the duration of the Event, 2 passes for the 4 days at Viva Technology Event and a booth at the AfricaTech Lab. The reservations will be made through the Viva Technology organization. 

2) Meet key players to scale your business

  • Network with top corporate partners
  • Pitch your startup to top VC funds
  • Refine your ideas with fellow entrepreneurs

3) Benefit from a strong visibility

  • Get highlighted in the VivaTech program
  • Get featured on social media and different media outlets

Each of the three category winners will benefit from increased visibility and access to the networks provided by Viva Tech and IFC, including select one-on-one meetings with leaders and top executives in the tech industry. 

Not included in the prizes are:

  • Personal expenses of the startup
  • Insurance
  • And more generally, any service not specifically described above.

The Co-hosts do not guarantee any opportunities or contracts with any partner or sponsor to Candidates.

The Pitch Session is planned to take place in person; in case any Pre-Selected Startup decides in its sole discretion and under its own responsibility to physically participate in the Pitch Session in Paris, the Candidates are responsible for taking care of all administrative and health procedures required for a stay in France in view of their personal status, in particular of customs formalities.

The Prizes will be awarded to the winner(s) at the end of the Challenge during the Official Awards Ceremony, on one of the three stages of Viva Tech.

If the health context relating to Covid-19 allows it, the presence of the winning team of the startup is mandatory when each prize is delivered, except in the case of force majeure. In case of absence of the winner for said prize, the runner-up Candidate will be declared a winner and the original winner shall be disqualified from the Challenge.

Viva Tech reserves the right to replace the prizes with prizes of similar content and equivalent or higher value if circumstances so require.

Finalists participating in Viva Technology accept the terms and conditions of the event mentioned on the Viva Technology website.  

Application Deadline

Challenge closes on March 25, 2022

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