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 possess 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 Requirements
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.
The targeted audience of the event will be:
- Private sector, African start-up companies active in the blue economy, including small-scale businesses;
- International financial institutions, public and private institutional investors;
- International, national and regional organizations (private business platforms in countries);
- Research institutions, incubators and innovators, operating exclusively in the private sector.
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.
Timeline:
- Applications must be submitted by January 26th. Any applications received after this date will not be accepted.
- Starting from January 27th, the eligibility of companies that have applied will be assessed.
- Subsequently, the applications from eligible companies will undergo evaluation by a commission established by the contracting authority, comprising international experts.
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