The African Development Bank & Nairobi Innovation Week High 5s Startup Challenge

The African Development Bank (AfDB) and the Nairobi Innovation Week (NIW) have partnered to run a joint innovation challenge that focuses on the Bank’s High 5 priorities; Light up and power Africa, Feed Africa, Industrialize Africa, Integrate Africa, and Improve the quality of life for the people of Africa.

The High 5s

The African Development Bank is stepping up the pace by focusing on five priorities that are crucial for accelerating Africa’s economic transformation. The Bank calls them the “High 5s”: Light up and power Africa, Feed Africa, Industrialize Africa, Integrate Africa, and Improve the quality of life for the people of Africa.

  • Light up and power Africa

The African Development Bank is working to unify efforts to achieve universal access to energy. Its new Energy Strategy aims to increase energy production and access, and improve affordability, reliability and energy efficiency.

  • Feed Africa

The Bank is framing its agricultural operations within a business-oriented approach, based on a deeper understanding of the obstacles, potential and investment opportunities.

  • Industrialize Africa

Over the next 10 years, the Bank will invest the US $3.5 billion per year through direct financing and leverage to implement six flagship industrialization programmes in areas where the African Development Bank can best leverage its experience, capabilities, and finances.

  • Integrate Africa

Through its Regional Integration Policy and Strategy, the Bank is focusing its integration efforts not just on the movement of goods and services but also on the mobility of people and investment.

  • Improve the quality of life for the people of Africa

The Bank is committed to building up the availability of technical skills so that African economies can realize their full potential in high-technology sectors. the Bank will nearly triple its annual climate financing to reach $5 billion a year by 2020.

High 5s Startup Challenge Eligibility

Have an innovation addressing one of the African Development Bank High 5 priorities, namely:

  • Be from the countries listed above: Kenya, Uganda, Tanzania, Rwanda, Burundi and Ethiopia
  • Have an innovation addressing one of the AfDB High 5 pillars, namely:
  • Light up and power Africa
  • Feed Africa
  • Industrialize Africa
  • Integrate Africa
  • Improve the quality of life for the people of Africa

Criteria

Interested Innovators should;

  • Be over 18 years
  • Submit a complete and eligible application
  • Have a product or service that already has users or customers
  • Have some market traction
  • Have a clear business and operational model
  • Have an existing team in the start-up
  • Demonstrate impact
  • Demonstrate evidence of sustainability
  • Illustrate how their innovation addresses gender equality’

African Development Bank & Nairobi Innovation Week Benefits

For the top 5

  • Travel costs to attend the Nairobi Innovation Week 2018 (a roundtrip economy class ticket and accommodation if coming from outside Kenya.
  • An award of USD 1000 to support the innovation.
  • A placard in recognition of the innovation.
  • Opportunity to exhibit the innovation at the Nairobi Innovation Week2018.
  • Opportunity to meet and interact with the Director-General AfDB, East Africa Regional Development, and business-orientedness Delivery Office.

For the top 50

  • Be featured in the African Development Bank-Nairobi Innovation Week Special Edition Innovation Journal that will be a compendium of promising innovations from the region
  • Have your profile displayed on the Nairobi Innovation Week.Startups, a platform for recognizing promising startups in the region

How to Apply

Interested applicants for the Nairobi Innovation Week Challenge can follow the link below to fill in the questionnaire;

Click here to Apply

For any inquiries, contact their support via hello@c4dlab.ac.ke.

Deadline: 23rd February 2018

Competition

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