ventureburn.com - Seedstars World has crowned the five winners from its Cape Town event. The five were chosen from a pool of 10 finalists who took part in an intense pitching competition on Tuesday evening.

The startups were competing for a chance to compete against the five equivalent winners in Johannesburg in a bid to take the South African crown.

From there, the winner flies to Zürich to take part in a Startup Trainings before the Seedstars global competition.

There they will compete against startups from 52 countries for a chance at US$500 000 in funding, among other prizes.

Seedstars claims that the average company has less than US$150 000 in funding before going through its programme. Once they’ve been through the venture builder, that number leaps up to a claimed US$500 000 plus in funding. The rewards then are big.