Are you an entrepreneur or you have a business idea? Then this is for you. Apply for the African Entrepreneuship Award. This Award offers $1 million to all eligible African entrepreneurs with an existing business or just an idea for one. The Award Journey is made up of 4 rounds of mentoring and starts by you taking a few minutes to submit an idea for Round 1. Once you hit the submit button, you begin a journey with real entrepreneurs who have been where you are today. The aim of the Award is to seek out the best ideas from all over Africa and empower you to plan, launch and scale your business. Your business will be financed and you will be helped to build your idea into a sustainable business that employs people, improves your economy, and impacts lives in Africa.
To be eligible for this Award, you must fulfill the following criteria as you submit your business proposal:
- You must be a citizen of an African country.
- You must be a minimum of 18 years old as of October 1, 2017.
- Your business must be applicable in an African country.
- Your business proposal must include a technological component (digital, machinery, computers, ICT, automated processes, field related technologies, etc.).
- Your business must be for profit.
- Your business idea must include a social impact. You need to articulate the problem that you are trying to solve as well as the solution that you propose to offer.
- Your business must be relevant to one of these categories:
- Education – positively impact education in Africa
- Environment – positively impact the environment in Africa
- Uncharted – a high-impact business venturing into unexplored territory or untested markets
- Additional Eligibility Information
- You can submit a proposal as a resident of any country worldwide – keeping in mind that you must be a citizen of an African country. For example, a resident of the United Arab Emirates with Egyptian citizenship is eligible for this Award.
- Your business can operate in any African country even if you are not a citizen of that country. For example, a Ghanaian citizen can submit a proposal for a business in Liberia.
- You can submit a proposal for a business already in operation.
- Your business can operate across borders in multiple African countries.
- Your business should demonstrate the potential to scale beyond one region in Africa to pan-African impact.
- You can operate in multiple countries, but you will be asked to designate a primary community in Africa that will benefit or be impacted by your business.
To apply, click here.
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