Startup Uganda Innovates

iventure AFRICA took on the noble task to facilitate the digital literacy track of the very first startup Uganda Innovation challenge on Wednesday 11th to Friday 13th to November 2020.

Throughout the 3-day virtual boot camp we facilitated entrepreneurs using three universal tools designed to support budding entrepreneurs align their innovations for success. The tools included the opportunity filter, Team development, and the business model score card.

The judging criteria included
1. Innovativeness: Ingenuity of each solution or improvement of the existing technology-based process (10 times better than existing solutions).
2. Relevance & Impact: Judges factored in how well the solutions responded to the challenge. 3.
3. Financial Sustainability: In scoring the startups' judges considered the ability of the ventures to generate sufficient income to cover regular expenditures.
4. Relevance & Impact: How well the solution responded to the defined challenge and
5. Feasibility: Judges assessed how implementable the solutions were, and how relevant they were to the market and customer targeted.
Other considerations included time keeping, team composition, and participation, and the team’s willingness to take action.

Participating startups included Digital women Uganda coming in 1st place, Backspace Ivy in 2nd place, Zoora in 3rd place, Pimbas savings in 4th place, and in 5th place Brain share. The leading startups were selected based on their ability to tackle the innovation challenge in the context of the anchor partner's challenge.