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Jack Ma Africa’s Business Heroes Competition 2021 Opens To African Entrepreneurs ($1.5M Grant)

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Startups

March 30, 2021, 1:55 p.m.

Entries are open for the 2021 edition of Africa’s Business Heroes Competition. African entrepreneurs who are making a difference in their local communities are invited to apply.

About Africa’s Business Heroes

Launched by Jack Ma Foundation, Africa’s Business Heroes (ABH) is the flagship philanthropic program that supports African entrepreneurs working to solve the most pressing problems, and building a more sustainable and inclusive economy for the future.

The program is designed to scout, grow and encourage the next generation of African entrepreneurs who are creating a positive impact and driving African entrepreneurship.

To make the initiative as inclusive as possible, applications are open in English and French to citizens from all 54 African countries.

Annually, ten outstanding participants are chosen to compete in the ABH finale pitch competition and take part in a TV Show that will be broadcast online and across the continent. The finalists will then compete for a share of US $1.5 million in grant money.

Note that due to the pandemic, the Semi-Finale may be hosted online in August 2021. The Finale will be held in Addis Ababa, Ethiopia by the end of November and early December. This is subject to the global situation regarding COVID-19.

Requirements

To qualify for Africa’s Business Heroes competition, you must

Be a founder or Co-Founder of a business that is at least 3 years old;

Have a traceable/provable African nationality;

Have your business registered and headquartered in an African country, and primarily operates in Africa;

Your company must have reached the post-Idea stage with at least 3 years of revenue history.

Please note that at various stages of the application, we require documents to prove your eligibility.

Selection Criteria

Vision, Mission & Values

The importance/magnitude of the problem/need you’re addressing

The feasibility and value-add of your solution

Market traction of your solution

Competitiveness of your product/solution

The feasibility of your revenue model and financial projections

Leadership & Team Potential

Social Impact – the tangibility and sustainability of the impact you’re creating

ANPI will also cover all costs related to the Semi-Final.

Benefits

All ten finalists receive:

Grant funds from $100,000 to $300,000;

Participation at the eFounders fellowship training program at Alibaba’s headquarters;

Gain global recognition & exposure;

Access to mentorship & training by renowned business leaders;

Access to an online community of ABH Alumni, judges, and key stakeholders that promotes peer learning, engagement, and networking;

Opportunity to pitch to business legends and receive advice from them.

If you’re interested, please click here.

Deadline

Applications will close on Wednesday, June 7th, 2021.

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Verny Joy Author

Verny loves to write poetry, fiction and quotes. Her love for writing landed her in journalism. She loves gadgets and travelling to explore new places.

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