The global search for startups with potential for growth and already positively transforming society has kicked off in Kenya under the Chivas Venture 2018.
The first phase of the competition seeks to showcase the most talented entrepreneurs at country level before they compete on a global stage.
Now in its fourth year of competition, the Chivas Venture has drawn participation from 29 countries across five continents.
“Applications for the Local Competition will be accepted from September 4 until October 30 with a local winner being selected by January28, 2018,” read a statement.
Since the launch of Chivas Venture in 2014, almost 6,000 social entrepreneurs have applied for the chance to receive a share of the annual $1 million fund.
The winner from each of the participating countries will be given the chance to take part in an exclusive Accelerator Programme, which will be followed by three weeks of online voting where the allocation of the first $200,000 of the fund will be put into the hands of the public.
The Chivas Venture 2018 will then culminate in a series of high-stakes pitches at the Chivas Venture Final, where the remainder of the $1 million fund will be distributed.
In the previous round, Sanivation – a Naivasha-based startup that converts human waste to cooking fuel- received Sh477,460 initial funding from Chivas Regal’s $1 million fund.
The company had to battle it out with other 30 startups across six continents.