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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Africa»Young African Entrepreneurs Can Now Apply For the $100k Anzisha Prize
    anzisha prize

    Young African Entrepreneurs Can Now Apply For the $100k Anzisha Prize

    0
    By AdeO on February 18, 2019 Africa, Entrepreneurship, Innovation, Leadership, Startups

    The Anzisha Prize is one of Africa’s biggest award for her youngest entrepreneurs and hands out over USD $100,000 every year in funding to entrepreneurs from all over the continent.

    Eligibility

    You must be between 15 and 22 years old with an ID document or Passport to present as evidence. Anyone born before November 1, 1996, or after October 31, 2004, will not be considered.

    You must be a national of an African country with a business based in Africa for African customers/ beneficiaries.

    Your business must be up and running. The Anzisha Prize is not for great ideas or business plans – you must have already started, and be able to prove it! You have time to get started now and have tangible results to share before applications open.

    Your business, invention or social project can be in any field or industry (science and technology, civil society, arts and culture, sports, etc.). Any kind of venture is welcome to apply.

    Individuals who apply must be one of the founding members of a business (for example, 2 or 3 co-founders who started up the project together).

    Benefits

    Monetary Reward of a shared amount of $100,000

    $2,000 access to a world-renowned Entrepreneurial Leadership curriculum and training with the potential for further investment based on engagement and performance

    $2,500 worth of rewards from consulting and mentorship services

    $2,000 worth of rewards from Global speaking events or Experts in Residence support

    $1,000 worth of rewards from Regional Indabas across the continent

    Selection criteria

    To be selected as one of our Anzisha ventures, your business or project will be judged on the following 5 criteria:

    Already Running Venture: Is the venture established with customers and beneficiaries? Does the venture deliver value to said beneficiaries and customers?

    Founder-led: Is the venture led and managed by the founder?

    Impact: Has the venture demonstrated some impact already?

    Scalability: If the venture is a for-profit business, does it already earn revenues and does it have potential increase revenues with the support of Anzisha? If the venture is a not-for-profit enterprise, does it already reach beneficiaries and does it have the potential to reach many more beneficiaries with support from Anzisha?

    Job Creation: Has the venture created some jobs and has the potential to create more high-quality jobs?

    To be selected as one of our Anzisha Fellows, you must demonstrate the following 2 qualities:

    • Venture leader: Are you the leader of your venture and do you drive both venture strategy and operations?

    • Commitment: Do you spend at least 20 hours a week or more on your business and will you continue to do so after selection?

    The application deadline is on 31 March 2019. Apply Here

     

    Related

    African Leadership Academy Anzisha prize MasterCard Foundation
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