Category: Features

Towards building an Entrepreneurship Ecosystem- Global Entrepreneurship Week and Freetown Pitch Night-The Role and Significance of the Freetown Pitch Night

From November 13th to the November 17th the world, including Sierra Leone, will celebrate the Global Entrepreneurship Week. Global Entrepreneurship Week is the world’s largest celebration of the innovators and job creators who launch start-ups that bring ideas to life, drive economic growth and expand human welfare.

During one week of every November, GEW inspires people everywhere through local, national and global activities designed to help them take the next step in their entrepreneurial journey. These activities, from large-scale competitions and events to intimate networking gatherings, connect participants to potential collaborators, mentors and even investors – introducing them to new possibilities and exciting opportunities.

In Sierra Leone, GEN SL and Innovation SL as National Hosts have organised several activities to inform and inspire.  The highlight of the week is the GEW 2017 Freetown Pitch Competition. The finals will see a winner – GEW Sierra Leone Entrepreneur attend the Global Entrepreneurship Congress.

As much as this prize is important, it is the role of the Freetown Pitch and its significance in building an entrepreneurship ecosystem in Sierra Leone that is the subject of this paper. Click the link below to read or download the paper.

PitchNight_significance_GEW2017

 

GEW 2017 Pitch Competition November 13th -16th 2017

 

 

To celebrate GEW 2017,  Freetown Pitch Night will organize an open Pitch Competition that will see a GEW SL 2017 Entrepreneur.

Date Pitch Competition Time Venue
Monday 13th November Pitch Comp A 18:30 Sensi tech Hub
Tuesday 14th November Pitch Comp B 18:30 Sensi tech Hub
Wednesday 15th November Pitch Comp C 18:30 Sensi Tech Hub
Thursday 16th November Finals 1800 Venue to be confirmed

Entrepreneurs will Pitch for a place in the finals on Thursday November 16th 2017.

The winner will get an all-expenses paid to the Global Entrepreneurship Congress. Every year, the Global Entrepreneurship Congress gathers together thousands of entrepreneurs, investors, researchers, policymakers and other startup champions from more than 170 countries to identify new ways of helping founders start and scale new ventures around the world. At the weeklong GEC, delegates make connections, gain insights, learn about new research, and leave ready to renew their programs, policy ideas or firm founder skills.

GEC 2018 takes place in Istanbul, Turkey — a thriving startup hub that is both an economic and cultural cornerstone of Europe and Asia.

The second and third place entrepreneurs will get 2 months co-working office space at Sensi Tech Hub courtesy of Sierra Leone Brewery-Mutzig.

Anyone over 18 can enter to pitch. You can be an individual or a company. Your company cannot be more than 3 years old.

The judging criteria are given below.

 

IDEA

  • Value proposition
  • Originality, innovation and thoughtfulness
  • Impact on big problem-this big problem must be clearly identified.

PRODUCT/SERVICE

  • Differentiation from the existing competition
  • User experience

PREPARATION FOR LAUNCH

  • Target market and customer identification and segmentation
  • Pricing model
  • Core revenue model and ancillary revenue streams
  • Finalists will be required to provide 3 year financial projections

EXECUTION PLAN

  • Marketing strategy
  • Sales strategy
  • Plan to scale 

PROGRESS/TRACTION

  • Product development
  • Traction-to-date (relationships with key market participants, sales, downloads, website traffic, etc.)
  • Future measurable, achievable milestones

TEAM

  • Expertise of founding team
  • Commitment and motivation of founding team
  • Strategy to attract additional key people

To enter, please send an email to pitchnight@innosl.com, in the subject put GEW SL 2017 Pitch Competition. It is important that you put GEW SL 2017 Pitch Competition in the subject line. If you do not the email will not be received.

In your email, please provide the following information-

  • Name:
  • Year of establishment:
  • Location/town/District:
  • Your value proposition:

Conditions:

  1. We reserve the right not to enter you in the competition.
  2. You are pitching at on your own free will.
  3. The information you provide is entirely your responsibility.
  4. We take the information at face value.
  5. We are not liable for any legal action that may be instituted against you for misinformation, misrepresentation or any other.
  6. IMPORTANT: GEN CONGRESS TAKES PLACE IN MARCH 2018.
  7. YOU WILL NOT RECEIVE ANY CASH FROM GEN SL OR GEN GLOBAL IN THE FORM OF PER DIEM, FEES, SPENDING MONEY, FOOD MONEY, TRANSPORT MONEY, MONEY TO SECURE YOUR VISAS, MONEY FOR TRAVEL OR OTHER.
  8. The winner will be provided with a return air ticket as follows Freetown-Istanbul-Freetown.
  9. Your flights, airport transfers, hotel for the nights of March 8,9, 10, and 11th 2018, and organized meals will be provided.
  10. All flights with Egyptair, Emirates, Etihad Airways, Turkish Airlines and Qatar Airways require further personal information to be submitted to them either before ticket issue or before departure of the first flight. YOU ARE RESPONSIBLE FOR PROVIDING THIS INFORMATION. Please look out for an additional email from us with more details. If you don’t fly with the mentioned airlines, no additional information is needed.
  11. You are responsible for ensuring you have valid travel documents as required by the Turkish authorities.
  12. You are responsible for your visa/VISAS. GEN SL/GEN Global will provide you the necessary documents- letters of invitation, confirmation that GEN SL/GEN Global will be responsible for your stay during the congress, your hotel confirmation.
  13. You are responsible for your transportation to and from Lungi Airport.
  14. THE WINNING PRIZE IS AN INVIATION TO GEN CONGRESS IN MARCH 2018 IN ISTANBUL. IT IS THE WINNING PRIZE. IT CANNOT BE SUBSITUTED FOR CASH OR OTHER.
  15. IF YOU ARE UNABLE TO TRAVEL DUE TO UNFORSEEN CIRCUMSTANCES OR THROUGH ANY ACT OF GOD, YOU CAN NOMINATE SOMEONE TO TAKE YOUR PLACE-SUBJECT TO THAT THEY FULFIL THE CONDITIONS HEREIN.
  16. ONCE THE TICKET IS ISSUED , THE NAME ON THE TICKET CANNOT BE CHANGED. IF YOU ARE UNABLE TO TRAVEL, YOU FORFEIT THE PRIZE AND THERE IS NO COMPENSATION.
  17. WE RESERVE THE RIGHT TO INTRODUCE NEW CONDITIONS IF IT BECOMES NECESSARY.

 

Mutzig-A Taste of Success

 

 

The Significance of the Freetown Pitch Night

The significance of the Freetown Pitch Night becomes clear when we consider

  • It is a critical element in an ecosystem that supports a new breed of entrepreneurs in Sierra Leone,
  • Potential for GDP growth and job creation, and
  • Attract Investors.

First let me give an overview of the Pitch Night and its background.

What is Pitch Night?

Pitch Night is a night, which provides budding entrepreneurs in Sierra Leone the opportunity to pitch their post revenue business. At pitch night entrepreneurs provide a holistic view of their business to a vibrant Sierra Leonean entrepreneur community allowing them to market their business, solicit feedback, advice and potential partnerships.

The Significance of Freetown Pitch Night