The Akure Tech Hub Pitch Competition

Startups will compete for a $6,250 cash prize and an opportunity to get accepted into the Akure Tech Hub Acceleration Program

Applications open on the website http://www.akuretechhub.org/pitch on Monday, 5th February, 2018 and closes on Wednesday, 14th of February, 2018.

Interested individuals/Startups within Ondo State should complete the application as soon as possible, highlighting your idea, team, current status, product-market fit, business model, market potential, competition, traction, etc. Only early stage Startups are eligible to apply to the Akure Tech Hub Pitch Competition

A Forum committee will screen the applications and finalize 15 startup founders to present their pitches in front of an audience consisting successful entrepreneurs, angel investors, business incubators / accelerators, and executives across Nigeria. Selected entrepreneurs / founders will have an opportunity to have a call with one of our mentors / advisors to review their pitches to be used in the competition presentation. A panel of judges will evaluate the pitches and choose top three Startups for awards presentation.

Startups and entrepreneurs submitting the applications must be available within Akure, Ondo State, Nigeria, to present their startup ideas, if their startups are selected as finalists.
Please note that there are no assurances of any sort – such as investment, connections to mentors / potential investors, acceptance of follow-up meetings, etc. It is up to the founders to network with the audience and guests for any partnership, mentorship, or future follow-up.

Eligibility and Evaluation

  • Eligibility Criteria

    Only startups domiciled in Ondo State, are eligible to apply

    Entries to Akure Tech Hub Pitch Competition will be considered as startups as per the universal definition of a “startup” or a “startup company”

    Participating startups must include at least details of two members of their team on the application profile

    Decision of screening committee and judges will be final

  • Evaluation Criteria

    Understanding of the market vis-a-vis product placement

    Current clientele or potential pipeline

    Comparative positioning to the competitors; differentiators; value proposition

    Social Impact: The Company should be ethical in its conduct and line of work

    Planning and Execution: how long/short term goals are planned for; strategies for achieving them

    Team: Passion, experience, dynamics of the team members working together

Timeline and Announcements

Applications open – 5th February, 2018.
Applications close – 14th February, 2018
Finalists announced – 18th February, 2018.
Bootcamp and Live Pitch finale – 21st – 23rd February

All companies selected will receive:
Ninety second pitch opportunity to the entire Akure Tech Hub Pitch Competition audience
Kiosk space in the Akure Tech Hub Pitch Competition venue
Extensive promotional support on site and by media partners

Akure Tech Hub Pitch Competition’s Jury/Panel will select a total of 3 Winners, and adopt them to provide the following:
Funding + Investment
Guidance + Mentoring Support
Infrastructure Sharing
Incubation (Physical and Virtual) – Total Acceleration timeline – 6 months