As a young entrepreneur in Africa whose innovative ideas have solved lots of societal problems, you can seldomly face funding problems. This is usually normal with a lot of startups. However, you could actually get the Anzisha Prize for African Entrepreneurs.
So, this article will not just inform you about Anzisha’s prize for African Entrepreneurs, it will also put you through the process of applying rightly and in fact, how to become a beneficiary o this award.
The critical problems that are prevalent in society require creative ways to solve them. Most of these problems are racism, gender inequality, environmental decay, poverty, etc.
To this effect, the Anzisha Prize for young African entrepreneurs in 2020 arises to procure creative ways to solve critical issues in response to social innovation.
This Anzisha Prize is the biggest award in Africa which is given to very young and promising entrepreneurs within Africa. In fact, these young entrepreneurs get over $100,000 every year in funding to entrepreneurs from all over the continent.
- About the Anzisha Prize for Young African Entrepreneurs
- What are the Benefits of the Anzisha Prize for the Young African Entrepreneurs?
- Eligibility Requirements – Who Should Apply for the Anzisha Prize?
- What is the Selection Criteria for the Anzisha Prize program?
- How Do I apply for Anzisha Fellowship Program?
- When is the Application Deadline for Anzisha Fellowship for Africans?
- Anzisha Prize for Aricans FAQs
About the Anzisha Prize for Young African Entrepreneurs
The Anzisha Program is a partnership between the African Leadership Academy and Mastercard Foundation whose aim is to increase the number of job entrepreneurs in Africa.
Actually, the aim of the Anzisha Prize is to award young entrepreneurs who have created and implemented innovative solutions to social problems.
It is also for young entrepreneurs that own successful businesses within their communities.
In addition, the program will test, implement, and share new models that will identify and connect these entrepreneurs.
This will help many more organizations have better collective success in creating a pipeline of entrepreneurs with the capabilities for scale.
Also, 20 finalists from across Africa will win an all-expenses-paid trip to South Africa for a two-week entrepreneurship workshop and conference at the African Leadership Academy campus on the outskirts of Johannesburg.
Winners will emerge from the finalists and they will share prizes worth $100,000 USD.
Afterward, the fellowship will offer them business consulting services to unlock growth potential in their venture.
It will also link them to a global network of leaders. This will give the winners access to global speaking opportunities thereby supporting their professional development.
What are the Benefits of the Anzisha Prize for the Young African Entrepreneurs?
The winners of the Anzisha Prize for young African entrepreneurs will get:
Eligibility Requirements – Who Should Apply for the Anzisha Prize?
Just like every competition, fellowship or scholarship; there are certain expectations the sponsors o this program expects all applicants to fulfill prior to sending in an application.
Below are the eligibility requirements for the Anzisha program for young entrepreneurs in Africa.
Level/Field of Study
The Anzisha Prize is for young entrepreneurs in Africa that have developed and implemented innovative solutions to societal problems or have a business start-up in their various communities
The top 20 Finalists of the Anzisha Prize will embark on a two-week entrepreneurship workshop and conference at the African Leadership Academy campus on the outskirts of Johannesburg, South Africa.
The Anzisha Prize is available to young entrepreneurs from any African country.
What is the Selection Criteria for the Anzisha Prize program?
Before you qualify as one of the Anzisha ventures, your business or project will be judged based on the following criteria:
Additionally, to be selected as one of the Anzisha Fellows, the person must demonstrate the following qualities:
- Venture leader: Are you the leader of your business? Do you drive both the venture’s 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?
Important Dates for the Anzisha Prize 2020 Application Cycle
17 February 2020: Applications Open for the 2020 Anzisha Prize.
1 April 2020: Applications close.
May 2020: Phone interviews and due diligence visit with the semi-finalists, and final selection.
July 2020: Announcement of the top 50 finalists of the 2020 edition of the Anzisha Prize.
August 2020: Announcement of the top 20 2020 Finalists.
October 2020: Anzisha Business Accelerator and Anzisha Prize Awards Forum.
How Do I apply for Anzisha Fellowship Program?
The application for the Anzisha program is done online. Click on the button below to start your registration now.
When is the Application Deadline for Anzisha Fellowship for Africans?
The application deadline for the Anzisha Prize for young African entrepreneurs in 2020 is on March 30, 2020.
It is currently closed, however, you should keep tabs as we will inform you immediately it opens .
Africa is starting to take its place on the global stage as a continent of growth and opportunity. But critical challenges remain especially the need to create a significant number of jobs for the continent’s booming population. In addition, there is a need to build a cadre of home-grown business leaders able to access global markets and drive growth in a sustainable and inclusive manner.
In fact, the Anzisha Prize for young African entrepreneurs in 2020 is central to Africa’s future prosperity. The biggest business opportunities in the coming years will be created by Africans who start businesses, generate jobs and wealth, and capture growth opportunities.
Anzisha Prize for Aricans FAQs
When will the submission of application for the Anzisha Prize program begin?
Submission of applications will begin by 17th of February, 2020.
What is the value of the Anzisha Prize?
The value of the Anzisha Prize award is $100,000 USD.
What date will the top 50 Finalists of the Anzisha Prize be announced?
The top 50 Finalists will be announced by July, 2020.
When will the top 20 Finalists of the Anzisha Prize be announced?
Announcement of the top 20 2020 Finalists will be made in August, 2020.
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