The Jack Ma Foundation’s Africa Netpreneur Prize Initiative (ANPI) has teamed up with the African Leadership Group, Ashesi, Dalberg, Janngo, and RiseUp as its anchor partners for the second edition of Africa’s Business Heroes prize competition (ABH).
Africa Netpreneur Prize officially launched applications on April 6 and aims to work with the local partners to promote the ABH prize competition in their respective regions, helping to identify and engage with potential applicants.
According to Jason Pau, Senior Advisor for International Programs for the Jack Ma Foundation, “We are honored to be able to work closely with these exceptional local partners to bring the Africa’s Business Heroes prize competition to all corners of Africa and spotlight talented entrepreneurs from across the continent. Our extraordinary partners share our mission and commitment to enabling entrepreneurship and together, we hope to support entrepreneur heroes who will create jobs and opportunities for their local communities as well as catalyze a movement of entrepreneurship across Africa.”
The Africa’s Business Heroes prize competition – open for applications in both English and French – aims to provide entrepreneurs from across Africa a platform to showcase and develop their talent and business ideas. The prize is open to all entrepreneurs regardless of country, industry, age or gender.
ABH will culminate in a grand finale later this year where the top 10 finalists will pitch global business legends for a chance to win their share of a US$1.5 million prize pool.
There are several other partners including business incubators, communications platforms, and media outlets.
The 2020 edition of the ABH prize competition has received a tremendous level of interest and responses. To date, ABH has received 18,000 applications from candidates representing all 54 countries in Africa. Last year’s inaugural edition of the competition drew nearly 10,000 applications from 50 African countries.
The deadline for applications will be extended from June 9 to June 22.
“Now more than ever, we need an abundance of entrepreneurs to unleash the innovation and job creation necessary to unlock Africa’s full potential. The African Leadership Group is excited to continue our partnership with the Africa Netpreneur Prize Initiative to catalyse the continent’s next generation of bold, courageous and imaginative problem-solving entrepreneurs,” said Fred Swaniker, Founder and CEO of the African Leadership Group.
Over a ten-year period, ANPI will recognize 100 African entrepreneurs and commit to allocating US$100 million in grant funding, training programs, and support for the development of an entrepreneurial ecosystem.
The ANPI organizes the “Africa’s Business Heroes” prize competition and show, in which ten finalists have the opportunity to pitch their business to win a share of $1.5 million in grant money.
Jack Ma, Founder of Alibaba Group and the Jack Ma Foundation, first created the prize after he made his first trip to Africa in July 2017 and was inspired by the energy and entrepreneurial potential of the young people he met with.