Kenyan company Kilifi Moringa Estates, stands a chance to share in a $ 1 million cash prize after making it as a finalist in the Chivas Venture global award. The company buys seeds of the medicinal Moringa tree from women in Kilifi County for the manufacture of export products.
Started in 2014 by Chivas Regal-the Scotch whisky brand, the Chivas Venture awards, is a competition that aims to reward social entrepreneurs all over the world with funding, exposure and training in partnership with the Skoll Centre for Social Entrepreneurs at the University of Oxford.To date, 6,000 entrepreneurs have applied to take part in the completion.
Papu Haroon, the founder of Kilifi Moringa will be among the 27 finalist that are fighting for a chance to be among the final 5 entrepreneurs that will get to pitch their idea in front of a panel of judges that includes Grammy awarded winning musician (member of pop group black-eyed peas) and tech entrepreneur (founder of artificial intelligence firm I.AM.PLUS) Will. I.am
“World-changing ideas deserve a global platform and I believe there’s an idea in everybody that could change the world for the better. These inspiring start-ups are tackling some of the major social issues of our time, so our next generation of game-changing entrepreneurs I say bring it on!” Said Will.i am
Chivas Venture will give out a total of $1 million in this year’s competition-in a mixture of public voting and pitching rounds. $ 200,000 divided out based on how the public votes for the idea. The finalist with most votes will be awarded $50,000, the next four runners-up will receive $20,000 while $70,000 will be divided equally among the remaining finalists who don’t win. $800,000 will be at stake for those that make it to the pitching round. (Voting ends on 25th April 2018-vote for your favourite idea).
“In just three years we have already seen a number of our inspiring social start-ups grow into successful businesses; overall, in 2017 Chivas Venture enterprises almost tripled their revenue compared to 2015,” said Alexandre Richard, Chairman and CEO of Pernod Richard.
This year’s final event will be held at the TNW (The Next Web) Conference happening in Amsterdam in May, in front a community of 15,000 investors, tech enthusiasts, policy makers, media and celebrities. “This year, the calibre of start-ups is extremely strong, and we have raised the stakes even further: the TNW Conference stage is set and we are ready to see the finalists deliver a pitch the pitch of their lives,” Mr Richard.