Did you know that 84% of the world's population is located in emerging markets?
Not only that, but 59% of global GDP comes from these markets.
This month's Seedstars Summit will see more than 64 startups from the fast growing startup hubs around the world compete for equity investment of up to $1-million.
Seedstars promotes entrepreneurship in emerging markets, as well as connecting entrepreneurs to those who can bring value into their businesses.
Capetalk's Kieno Kammies speaks to Claudia Makadristo, regional manager for Seedstars in Africa.
Within the initiative, what we are looking for is real solutions to real problems...— Claudia Makadristo, regional manager for Seedstars in Africa
Initially we wanted to invest in Europe, but we soon realised that it was kind of a crowded market so one of our founders suggested we go somewhere there were not a lot of players and at the time, it was emerging markets.— Claudia Makadristo, regional manager for Seedstars in Africa
To find out more about Seedstars visit www.seedstarsummit.com
To hear the rest of the interview listen below:
This article first appeared on CapeTalk : Seedstars: Startups to compete for equity investment of $1 million