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Glovo Tech Start-Up Competition Winners Announced

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Glovo, in partnership with Esade Business School, Ashoka Africa and Boston Consulting Group (BCG) organized a competition for early-stage Tech startups based in Kenya that deliver value to SMEs. The aim of the competition was to help accelerate the progress and enable the success of viable SME-focused start-up businesses thereby improving the operating and business environment, efficiency levels and chances of success of SMEs.

The competition was made up of two stages. The first stage was through online submission of written applications which closed on March 31, 2022. Numerous interesting applications across various sectors of the economy were received by Glovo and Esade out of which eight finalists were shortlisted to move on to the next phase – the live pitch in front of a panel of judges.

The panel of judges were Anthony Mburu, General Manager Strategy, Britam Plc, Joseph Irungu, Assistant Director Ministry of ICT, Ilya Yacevich, MA, LMFT, founding director of Global Trauma Project, Takeshi Oikawa, Managing Director of BCG Kenya, Priscilla Muhiu, General Manager, Glovo Kenya.

Bernard Njathi, CEO and Patrick Ndeda, Co-founder of Lofte Kesho were the 1st prize winners. Lofte Kesho is an Agritech and fintech start-up empowering smallholder livestock farmers to unlock capital against their livestock. Lofte Kesho will receive a Mini Business Accelerator package through an all-expenses-paid trip to visit Barcelona, Southern Europe’s leading tech hub.

This will include meeting with top Glovo executives to receive feedback and tips on their business as well as discuss any business opportunities and challenges.

The package will also include sessions at the Esade Business School Campus with experts from the ESADE Entrepreneurship Institute and the eWorks Accelerator program to have a review of the business plan and discuss with them the roadmap and go-to-market plan.

They will also get fast-track access to the Summer 2022 edition of the eWorks Accelerator program, which provides access to mentors, exclusive perks and tools and a final demo day with international investors (fully remote program).

Also on the package is a pro bono consulting session with BCG Kenya to help develop their business idea.

The 2nd and 3rd place winners will receive virtual sessions with Glovo top executives to hear about Glovo’s journey and to help brainstorm on opportunities and challenges.

They will also get fast-track access to the Summer 2022 edition of the eWorks Accelerator program, which provides access to mentors, exclusive perks and tools and a final demo day with international investors (fully remote program).

They will also be granted pro bono consulting session with BCG Kenya to help develop their business idea.

Speaking during the event, Priscilla Muhiu, General Manager at Glovo said: “We are excited to be part of helping accelerate SMEs in the country on their digitalization journey. We at Glovo recognise the needs of SMEs as a critical part of the community and are committed to helping build the Kenyan ecosystem for digital services.”

Read: Glovo Launches Tech-Based Start-up Competition In Kenya

>>> Chandarana Supermarket To Offer Online Shopping Through Glovo

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BT Reporter
BT Reporterhttp://www.businesstoday.co.ke
editor [at] businesstoday.co.ke
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