ITIDA Partners with RiseUp in Launching African Launchpad Cup, with Total Grants of $60,000

TechInAfrica — The Information Technology Industry Development Agency (ITIDA) has worked alongside RiseUp, Egyptian company in the MENA region, to launch “African App Launchpad Cup”. This also marked ITIDA’s first pitch competition in Africa.

The competition gathers startups working in either gaming or application development from 19 different African countries to participate in the contest with total grants of $60,000. The African App Launchpad Cup is contending to build a global stage for thriving early-stage startups to present to hundreds of regional and international investors and VCs.

Contest applications are now open for startups in Egypt and Africa via the competition website: http://techleaders.eg/aal/competition/ until November 18^th. The startups will compete on December 7^th and the winners will be announced at the same time with the RiseUp summit, MENA’s largest annual entrepreneurship event at The American University in Cairo, new Campus.

“We are excited to launch the African App Launchpad Cup, which will allow us to educate young African calibers and spur their innovation on the latest app and games technology, in addition, to support the creation of job opportunities for African youth”, Hala El-Gohary, CEO of ITIDA, clarifies in a statement.

“It is such a pleasure to be able to host the first African pitch competition with ITIDA in the region during RiseUp Summit. This is a step towards achieving our vision of creating more opportunities in the entrepreneurship ecosystem by connecting more stakeholders to the community in Africa. We would like to thank ITIDA for launching and sponsoring the competition and becoming the supporting arm behind the growth of Africa’s entrepreneurship ecosystem,” Abdelhameed Sharara, Founder and CEO of RiseUp, says.

The African App Launchpad Cup is not only Africa-wide pitch competition for startups. It also offers a valuable learning experience for participants. The participating startups will get the opportunity to join an accelerator program and will be granted exhibition spaces during the RiseUp Summit. They will also pitch to a large audience, as well as jury members of local and regional VCs and investors, ensuring wide regional exposure for the startups.

The competition is part of the Africa App Launchpad the presidential initiative that aims at building the capacity of 10,000 learners and establishing 100 startups while positioning Egypt as a hub for startups in Africa by inviting the continent’s best startups in one place.

Tickets for RiseUp Summit are now available on https://riseupsummit.com/

Source: startupmgzn.com