“Finalists for the Prize win far more than access to a share of the pool of US$100,000 in prize money, they also access a business incubation fellowship aimed at growing their business and supporting their professional development,” said Grace Kalisha, Senior Programs Manager for Anzisha Prize.
Now in its seventh year, the Anzisha Fellow experience includes a fellowship valued at US$7,500 for each participant, providing an accelerator camp, business consulting services, networking opportunities and ongoing individualized support.
Anzisha Prize aims to scale the businesses of these young entrepreneurs, enabling them to employ other youth and showcase the power of youth-led business in Africa. A key goal is to celebrate these successful and relevant African entrepreneurship icons who will inspire young people everywhere to follow in their footsteps.
This year, Anzisha Prize has increased the number of youth to be selected as finalists. In previous years, only 12 were chosen and this year 15 finalists will be flown to South Africa to compete for the grand prize.
“The Anzisha prize is an investment in the transformative power of African youth leadership,” says Koffi Assouan, Program Manager at The MasterCard Foundation. “
Finalists for the Prize will benefit their businesses by participating in a fellowship package valued at US$7,500 with ALA’s Youth Entrepreneur Support Unit (YES-U) which includes the Anzisha Accelerator boot camp, mentorship and consulting services, travel opportunities to network and business equipment.
In order to be eligible to apply for Anzisha Prize, the entrepreneur should be a national of an African country, be between the ages of 15 and 22 at the time of consideration, and be a founder or founding member of a running venture in any sector.
Applications will close on 1 April 2017. Both paper and electronic applications are accepted.