African Startups Win Big at Global Startup Awards -Earlier this week (29 March 2023), two African early-stage companies came out tops at the grand finale of the world’s biggest i... -
Kubik, last year’s GSA Africa ‘Startup of the Year’ and winner of the ‘ESG Tech’ category, took first place in the GSA’s Startup of the Year category. The environmental technology company from Ethiopia turns plastic waste into low-carbon, low-cost buildings. Their environmentally friendly alternative building materials are designed to interlock, thereby circumventing the need for costly and polluting materials.
“It is also a continent brimming with world-class talent, impact-driven ideas, and ample opportunities to scale,” she adds. “We are incredibly excited to connect with the next cohort of leaders in African innovation and to support their growth with new opportunities for funding, market access, and global mentorship. The world needs Africa to find solutions for some of its most pressing challenges.
GIIG’s purpose is to find, fund and grow globally significant innovations emerging from Africa. One of the ways it fulfills this mission is by participating in the GSA Africa, where it identifies and evaluates startup ideas from 55 different countries. The GIIG Africa Fund participates in the top one percent of the GSA Africa’s winners’ network. The GIIG Africa Foundation again aids in the progress of the remaining 99 percent of businesses.
“This [GSA] network and the awards that recognise excellence among startups are helping to ignite innovative startups’ power of ingenuity,” Griffiths says. “This year, we have unearthed extraordinary talent. The awards are helping fuel a new industrial revolution, powered by sustainable development.”
“It brings a lot of exposure to the fact that Africa is a launchpad for innovation. The continent is often seen as a beneficiary of others’ solutions. The GSA will help change this perception.” “The award gives us exposure to a global audience and attracts the attention of investors who share our vision for supporting smallholder farmers. It also confirms that our innovative approach to financing agriculture is unique and effective.”
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