Deadline: November 20, 2019.

Daikin -Samurai Incubate Africa Ideathon’ is an initiative by the leading multinational AirConditioning brand DAIKIN and African early stage VC – Samurai Incubate. The Ideathon aims to find the 10 most innovative startups across Africa who are keen to partner and expand their business with Japanese partners. The startup holds a chance to get in a partnership with Daikin and an exciting chance to get funded by Samurai Incubate Africa.

In Africa, Daikin is interested in trying a completely new and innovative method to sell their products (such as pay-as-you-go/subscription payment model, securitization of the items and etc.) to allow ACs to be beneficial and installable for as many households/commercial properties/buildings as possible.
In fact, the quality of Daikin’s products is absolutely appraised worldwide without a question, but in addition, the company has strong know-hows for capacity building of local engineers for installment/repair/maintenance of ACs, and therefore strongly wishes to contribute to job creation and empowerment of African people as well.

 

ELIGIBILITY

• Your company is for-profit and registered as an independent legal entity.
• You have a product or service available on the market and generate revenue in the following business domains;
  • Fintech (Daikin has a special interest in collaborating with startups having mobile money/banking/payment/lending solutions)
  • E-Commerce
  • Property Tech / Real Estate Tech
  • Clean Energy
  • Air Tech
• Your product or service is designed for scale.
• You have a very strong management team of at least 2 people.
• Your company is based in or planning to expand into one or more countries on the African continent where there is a demand for air conditioners.
• You are seeking an opportunity to be a potential African partner for scaling your business as well as Daikin’s business penetration in Africa by collaboration and partnership.

 

BENEFITS

• All-expenses-paid trip (air ticket, accommodation and visa for up to two members of your team) to Nairobi on Dec 9-12, 2019
• Winner at the pitch event will have right to receive investment of $100,000-150,000 from Samurai Incubate Africa Inc.
• A few participants proposing great ideas of Daikin’s potential sales expansion during the ideathon will be invited to a committee in early 2020 in order to discuss partnership between the parties further in detail. Once the partnership is agreed and approved, you can commence Proof-of-Concept (POC) of such idea with budget fully covered by Daikin.

 

OFFICIAL LINK

 

Click here to apply