The seven month-long due diligence process to select Africa's most promising startups ended with a 2 day event in Washington DC, where 58 finalists were invited to showcase their companies to investors. Out of the 733 original applicants, only 14 were awarded grants from a pool of nearly $1.5 million.
Speaking at the awards event, Sproxil's CFO and Strategist, Mr. Alden Zecha said "Winning this award helps to further validate the value and impact of Sproxil's solution for the developing world. The timing also coincides with our market launch earlier this month. African consumers are now much safer from the threat of counterfeit pharmaceuticals." With our Mobile Product AuthenticationTM product recently introduced to the Nigerian market, Sproxil's clients are already seeing significant uptake from the public, as consumers enjoy the benefits of purchasing genuine products. Support from USAID, Western Union Company and Ecobank will help us protect even more high-value commodities in Africa, and expose the world to a renewed continent where valuable brands can be appreciated and protected from counterfeiting.