The Recovery and Resilience Innovation Challenge aims at finding, supporting, and amplifying innovative market-ready solutions that are contributing to the revitalization of the Tanzanian economy and social welfare. The challenge, funded by Human Development Innovation Fund(HDIF), Embassy of the Kingdom of the Netherlands in Tanzania, and United Nations Development Programme(UNDP) will help selected startups to develop strategies for shock absorption in the case of unforeseen events in the future.
What are the submission criteria? We are looking for ventures that are using innovation to address gaps observed during the COVID-19 crisis and present solutions that will make them and the sector they operate in more resilient to future crisis:
- Demostrate both technical and financial viability in the long run.
Functional Prototype or Minimum Viable Product.
Strong business model that is replicable and scalable.
Competent Founding team.
Some benefits of attending the challenge include:
Tailored Program - This equity-free program provides you with tailored content aimed at a 360 review of your business, a product-market fit analysis and preparation for growth foundations.
Global Network - Thanks to a wide combined network of Seedstars and Ndoto Hub in 60+ emerging markets, you will be able to build relationships and partnerships beyond borders.
Expertise & Support - You will receive all the tools and know-how to boost your business growth as well as prepare for the next fundraising round and international expansion.
Monetary Prize - The winners of the bootcamp will be given access to the follow-on mentorship program as well as receive a monetary prize of up to $10,000 cash per startup.
Timeline of the challenge includes a 5-day Bootcamp training from January 18th until January 22nd, as well as a Mentorship program lasting from January 25th until April 25th.
Applications are now open. Apply by 31st December.