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Chivas Unveils Kshs.100M Global Startup Competition

written by Winnie Wangui 26th October 2016

The first Kenyan edition of Chivas, The Venture-a global search to find and support the next generation of social enterprise start-ups was recently unveiled in a whisky dinner pairing at the Lord Erroll Restaurant. With over Ksh. 100 million in funding and resources, The Venture is Chivas’ global search to find and support the next generation of start-ups that want to succeed whilst making a positive impact on the lives of others.

Denis Ochaninine Managing Director Pernod Ricard Kenya

Denis Ochaninine Managing Director Pernod Ricard Kenya

Speaking on the night, Denis Ochanine, MD Pernod Ricard Kenya and Regional Director for East Africa explained, “With a combination of entrepreneurial thinking and generosity at its heart, Chivas The Venture is inspired by the founding brothers, James and John Chivas, who realised early on that success is much richer when we share it with others”.

Guests during dinner

Guests during dinner

Chivas, The Venture was first launched in 2014 and over 3,500 social enterprises have applied for the chance to receive a share of the annual Ksh. 100 million fund. In Kenya, the farming information platform WEFARM came 2nd at last year’s finals, securing Ksh. 20 million for their social enterprise.

Jessica Francisca Colaco Co-Founder Brave Venture Labs speaking at the event

Jessica Francisca Colaco Co-Founder Brave Venture Labs speaking at the event

This year, Kenya joins 32 countries across 6 continents and applications will be accepted from any for-profit-startup that creates both financial value and a positive impact on the lives of others. The global finalist gets the chance to take part in an Accelerator Week programme and travel to the New York, USA for Chivas The Venture final event in July 2017.

A panel of judges will be tasked with the responsibility to coach, nurture and assess the selection of the 10 local finalists to represent Kenya at the global stage next year. The deadline for Kenyan social entrepreneurs to make submission is 30th November 2016. Submissions can be done on their official website.

chivas-regal-whisky

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