Media Release – April 23, 2012

Zambia to Launch US Based StartUp Cup Business Model Competition

Ten local competitions will coincide with Global Entrepreneurship Week.

COMESA SME Toolkit and ELIF Business Solutions ltd today announced their agreement to host ten local Startup Cup Business Model Competitions in Zambia.

StartUp Cup is an international grassroots, locally driven, business model competition open to anyone with any type of business idea. The first phase of coaching will begin 11th June, 2012 with winners being announced during the 2012 Global Entrepreneurship Week. To date, fourteen communities from around the world are launching StartUp Cups in 2012.

“This is a great opportunity for Zambia’s entrepreneurial community. StartUp Cup fills an often overlooked need among entrepreneurs, long term support,” said Edwin Zulu COMESA SME Toolkit Project Coordinator & CEO –ELIF Business Solutions Ltd “Most important, it is a proven model to grow an entrepreneurial ecosystem and comes with the added value of being able to connect with entrepreneurial StartUp Cup organizers from around the globe.”

StartUp Cup organizers are supported by StartUp Cup, a US based organization, which guides and supports aspiring entrepreneurs, emerging companies and small businesses through the dynamic process of Business Model Design Thinking.

“We are very excited about Zambia joining the StartUp Cup effort,” said Sean Griffin, CEO of StartUp Cup. “Communities are challenged to support a diverse entrepreneurial climate. There are a number of short-term programs, mostly focused on supporting tech companies, but until now, nothing provided the long-term support needed by business owners of all types.

Entrepreneurs who participate in the Zambia StartUp Cup Business Model Competition will develop a viable business model during a six month coaching and mentoring process.