ABH aims to identify, support and inspire the next generation of African entrepreneurs who are making a difference in their local communities, working to solve the most pressing problems, and building a more sustainable and inclusive economy for the future.
The initiative aims to be as inclusive as possible. Applications are open in English and French to entrepreneurs from all African countries, all sectors, and all ages who operate businesses formally registered and headquartered in an African country, and that have a 3 year-track record.
About Jack Ma Foundation
Founded by Alibaba founder Mr. Jack Ma on December 15, 2014, the Jack Ma Foundation (JMF) focuses on four areas: entrepreneurship, education, women’s leadership, medical support and environmental protection. The foundation actively works to create a trustworthy, participatory and sustainable non-profit organization.
JMF is committed to cultivating future-oriented rural educators and entrepreneurs, helping rural children, young entrepreneurs and women’s development and growth, and making the world more inclusive, green, sustainable, healthy and happy. As such, the foundation has set up and implemented the Jack Ma Rural Education Initiative, Jack Ma Education Fund, Africa Netpreneur Prize Initiative, China National Women’s Soccer Team Support Program, as well as other environmental protection and medical support projects.
The foundation strives to uphold the concept of combining philanthropic mindset with business approach to achieve maximum results. It aims to adhere to openness and transparency, not only focusing on developing a professional and efficient philanthropy team but to also awaken more like-minded people. Lastly, the foundation strives to make contribution to philanthropy in China.
Benefits
-
1st Prize Winner: $300,000
-
2nd Prize Winner: $250,000
-
3rd Prize Winner: $150,000
-
Other Top 10 Finalists (7): $100,000
-
Global Immersion Program (Hangzhou, San Francisco, South East Asia): $100,000
-
ANPI will also cover all costs related to the Semi-Final.
-
Exposure: Through the “Africa’s Business Heroes (ABH)” show, we provide our Heroes the chance to tell Africa and the world their story. The show is distributed via major television networks, which provides our finalists with significant publicity and exposure.
-
Training: we offer our Heroes training at Alibaba’s headquarters via the prestigious eFounders fellowship training program. In addition, we are working with partners to develop bespoke training and accelerator services for our Top 10.
-
Mentorship: we offer our Heroes the opportunity to be mentored by renowned business leaders including our Finale and Semi-Finale judges.
-
Networking opportunities: ABH attracts inspiring entrepreneurs from across all 54 African countries. Our finalists have the opportunity to connect with, learn and partner with other like-minded entrepreneurs and our community of judges.
Requirements
-
Applicant should be the Founder or a Co-Founder of the company.
-
Applicant has traceable/provable African nationality. In other words, you have/had African citizenship and/or a Parent or Grandparent has African citizenship.
-
Company is Africa-Based. The business is registered and headquartered in an African country, and primarily operates in Africa.
-
Company is post-Idea stage. Business is 3 years old or more and has at least 3 years of revenue history.
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
How to Apply
Application Deadline
Conclusion
I believe NewsBitGh has been of help to you with regards to your subject of concern.
Also, there are many other articles we have put up to help you in your education and career.
For scholarships, jobs, Articles, Bizarre stories and News, CLICK HERE
