The Global Startup Awards (GSA) Africa is an initiative spotlighting the top technology innovators across the continent. African citizens from all 55 states will participate in the world’s largest independent startup competition for the first time.
GSA Africa is rapidly growing its community by bringing local tech innovators together from all regions within the continent. This includes Southern, Northern, Eastern, Central and Western Africa. The expansion is possible due to the accelerating progress of Africa’s tech ecosystem. According to Partech’s Africa Tech Venture Capital Report, activity grew by approximately half in 2020 despite the ongoing global COVID-19 pandemic.
Contributing to the Tech Startup Ecosystem
Africa is experiencing monumental changes in the tech industry. More startup companies are being recognized for innovative methods. Startups have been finding solutions in food security, food production and farming methods that will strengthen industries throughout Africa. Caitlin Nash is the co-founder of the Global Innovation Initiation Group which hosts the GSA. She aims to showcase Africa’s innovative community on a global stage. Additionally, she shares the benefits of global exposure. Startups have an opportunity to gain access to a global network and collaborate across borders.
The GSA will reward participants in all aspects of the startup. This includes the startup itself, the people behind the startups and the organizations that support the creators. The GSA’s mission is to feed, industrialize and integrate Africa. This ties into the goal of improving the lives of people living in Africa. With rapid technological developments happening across the world, many countries are more capable of taking those opportunities to keep up. However, this leaves most developing countries behind in these innovations. Thus, these awards shed light on the importance of technological development in those nations.
According to the U.N.’s Technology and Innovation Report 2021, frontier technologies represent a $350 billion market that can potentially grow to $3.2 trillion in 2025. However, developing areas like sub-Saharan Africa are unprepared to adopt and adapt to these technological changes. The GSA will bring forward the innovations needed to help developing countries in Africa and around the world stabilize resources and improve the lives of citizens.
The Contest Categories
The Global Startup Awards will present 12 categories for the 2021 contest. Women in Tech represents tech startups owned and founded by women. AgriTech will award solutions in food security, production, farming methods and nutrition. In addition, HealthTech recognizes startups initiating medical innovations in BioTech, HealthTech, wellness and telemedicine (virtual care for patients) to improve the quality of life. CommerceTech will award the startup that works on using technology to enable commerce in Africa. This will range from mobile commerce to blockchain and cryptocurrency.
Another category is IndustrialTech. This category provides Africa’s industrialization with solutions for safety, mining, manufacturing, production, logistics, mobility and supply chain management. ESG Tech, or environment, social and governance tech, will award startups aiming to improve environmental, social impact and social government solutions. These solutions include areas like renewable energy, sustainability, recycling, water and sanitation. Startup of the Year will award the startup that is making the biggest impact on the economy and the world.
The Best Newcomer category will recognize a startup less than two years old that is already making a big impact within the tech industry. Moreover, Founder of the Year will award a startup founder or co-founder making progress with their leadership skills. It will highlight a role model for the next generation of founders. VC of the Year will recognize those achieving financial success while investing in innovative companies that can positively impact the economy and the world.
Finally, Best Accelerator and Incubator Program will recognize programs that help empower entrepreneurs to grow their craft by providing tools and resources to thrive. The Best Co-Working Space category will award a co-working space that provides services, support and resources to create an environment that fosters innovation.
The Global Startup Awards will find, recognize and connect new innovators around the world. These startups have the potential to better the lives of people living in developing countries, and the GSA will help bring these companies to life.
– Nia Owens