Five startups will win a combined total of over fifty thousand dollars in funding at the PIVOT East finalists conference. The five startups will be select from 25 finalists who will pitch to a rich audience of investors and industry stakeholders on June 24 - 25. The venue for the conference will be Panari Hotel in Nairobi, Kenya.
Since 2011, m:lab East Africa has organized annual editions of PIVOT East, an annual pitching conference for startups with mobile technology based businesses. The m:lab has so far funded 15 startups through previous PIVOT East editions to the tune of US$120,000. At this year's edition the funding will be at $50,000 each to five startups. The funding will be split into two halves, the first of which is a $5,000 grant. The other portion $5,000 will be an investment which may be topped up by other investors depending on the startups funding requirements and their ability to convince other investors.
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