The Safaricom APP Wiz challenge demo day is set to happen today at the @IBizAfrica, Student Centre 5th Floor. The App Wiz Challenge is a three months long accelerator program that aims to help selected innovators leveraging on mobile technology move from idea/prototype to product or service within an incubation period of 3 months. The program is an initiative of Safaricom LTD in collaboration with @iBizAfrica- Strathmore University.
Safaricom App wiz challenge aims to become the best mobile startup accelerator program in the East African region launching successful start-ups into the Kenyan market. The program entails a training curriculum specifically tailored for technology startups, mentoring and coaching from industry/subject matter experts and successful entrepreneurs. Over the last two years the program has helped launch close to 30 startup companies.
The App Wiz Challenge is in its 3rd year running, and is a challenge designed to identify start-ups using Mobile technology as an enabler to develop Innovative and Unique solutions. The challenge also enables these start-ups to grow and scale from just a prototype into a full product which can be launched into the market.
On the demo day doors are opened to users, potential investors, friends and family to view the apps both mobile and web based. The App Wiz group of 12 teams get the chance to present to their innovations to the guests as they come to their stands/workstations.
Winners of the Safaricom Appwiz Developer Challenge will receive the following in cash prizes;
Grand Prize Winner – Kshs 1.5 million (Payable in 3 installments based on milestone achievement)
1st Runner-up – Kshs 1 million (Payable in 3 installments based on milestone achievement)
2nd Runner-up – Kshs 500, 000 (Payable in 2 installments based on milestone achievement)
The following are the events that will follow the App Wiz Demo Day:
- Judging Day- Tuesday 24th November 2015
- Awards and Gala-26th November 2015
Success Stories Incubated at @iBizAfrica
Overall Winner: Magazine Reel under Magic Books – Magazine Reel has over 140,000 monthly users and over 1.5 million page views monthly, with a 10% month on month growth rate. The app was developed by Soma Media and targets University and college students with information relevant to them, ranging from entertainment to topical social issues.
The team is currently working with Safaricom Limited in marketing initiatives targeted at universities and the youth market. Magazine Reel’s readership has increased from two universities to over 21 universities across Kenya since its launch.
Winner Finance Category: Application Name: M-Ledger- an application that transforms phones into financial journals from ones MPESA transactions.
The application currently has over 20,000 downloads on Appstore’s. Interests from Venture Capitalists to support are working towards the growth and funding of the app. App has been embedded to Nokia X devices.