Lagos is the next stop for Challenge Cup 2016, an annual startup competition that spans over 50 global cities in search of the best ideas to solve the world’s biggest challenges. The competition is scheduled to hold on January 22, 2016.
Generation Enterprise, a youth venture development incubator based in Lagos and 1776, the international startup incubator and seed fund based in Washington DC are companies behind this idea.
At the event, startups will compete for the opportunity to advance to the Challenge Cup regional competition in Nairobi. From Nairobi, five of the most promising startups will be chosen to join 40 regional winners and 45 wildcard winners from across the globe.
Regional winners will then fly to Washington D.C in June, to attend the finals at the Challenge Festival 2016. At the finals, the startups stand the chance of winning $1 million in cash prizes and funding. The winner will get up to $175,000. They will also get the opportunity to connect with mentors, corporate partners, policymakers, and potential investors.
The event will start at 4pm and run up till 10pm. It will hold at Cre8 Innovation Hub, 6 Agoro Odiyan, Victoria Island, Lagos.
To attend the event in Lagos on January 22 as a credentialed member of the media, RSVP to shaina@generationenterprise.org.
So far, the competition has already produced preliminary winners in Ghana, Zimbabwe, and South Africa. Three winners were selected from each of those events and will progress to the regional round of the competition. Startups from other African countries that will participate in the competition will come from Morocco, Ethiopia and Uganda.
