Africa Private Equity South Africa Space Venture Capital

ZASpace team launches Space Tech Challenge

The Space-Tech Challenge 2020 will identify and develop the most promising new innovators, entrepreneurs and early-stage businesses across Africa.

The challenge is targeting downstream space-tech applications across agriculture, insurance, retail, sustainability and conservation.

Submission Criteria

  • The set of applications which use earth observation, the gathering of information about the physical, chemical and biological systems of the planet via remote-sensing technologies
  • There has been a surge in demand for these applications across a wide range of industries where they are driving cost reductions and sustainability. Space-tech has reached a point where almost every business can or does use it – often without even knowing

Why Now

  • The African space-tech sector is one of the fastest growing markets in the world, but it is still significantly underexploited. This represents a massive investment opportunity
  • The African Union has identified earth observation as a key resource which must be leveraged in achieving Africa’s development goals
  • One of the best ways to grow this sector is through an open innovation challenge

Outcomes

  • To identify the most promising innovators, entrepreneurs and early-stage businesses across Africa and develop them into sustainable companies
  • To develop Africa’s geospatial readiness so that African businesses can service African demand for geospatial intelligence

Top 10 participants receive

  • Opportunity to showcase company to a global audience at GEO Week, an intergovernmental earth observation conference
  • Media coverage and social media blasts through ZASpace and partners
  • Industry links and market access through ZASpace and partners
  • Screening for investment by Anza Capital
  • 1-month business development support through the Research Institute for Innovation & Sustainability
  • Opportunity to pitch company to judges and industry representatives during final pitching den
  • Provision of ortho-ready satellite imagery from Maxar’s archive; 10x 25sqkm allocated per finalist up to the value of $75,250

Winners receive

  • 4-month online incubation and virtual mentorship, and ongoing access to a peer-to-peer network through the TechTribe
  • Winner: SecureWatch Premium 5GB valid for 3 months to the value of $12,500
  • Second place & Third place: SecureWatch Premium 2GB valid for 3 months to the value of $5,000
  • Opportunity to directly pitch your idea to a MAXAR representative.

For more information visit the SPACE-tech Challenge official website

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