Young African Entrepreneurs Stand A Chance To Win $200,000 Anzisha Prize In 2023

Young African Entrepreneurs Stand A Chance To Win $200,000 Anzisha Prize In 2023.

The Prize is for young entrepreneurs to grow their business.

Applications for the Anzisha Prize 2023 Venture Building Fellowship, a partnership between African Leadership Academy and Mastercard Foundation that seeks to significantly increase the number of very young job generative entrepreneurs in Africa, are open.

2023 OPPORTUNITIES FOR SCHOLARSHIPS AND AWARDS

The Anzisha Prize which gives out the princely sum of USD $200,000 every year to support businesses of very young entrepreneurs from all over the continent is Africa’s biggest award.

Entrepreneurs as young as 15 to 22 years benefit from this largesse and next year provides another auspicious opportunity for anyone interested.

If you are a young African Entrepreneur trying to grow a small business or you’ve created something that provides you and your friends with an income – then we look forward to receiving your application in our 2023 cycle. Become a role model and inspire other young entrepreneurs to make a difference in their communities and Africa as a whole.

How To Qualify

To partake in this opportunity, applicants must be between15-22 years of age and possess an identification document or Passport to present as evidence. Anyone born before September 1, 2000, or after August 31, 2007, will not be considered.

Also, only nationals of African countries whose businesses are based in Africa for African customers/beneficiaries are qualified to apply.

Applicants are expected to note that the Anzisha Prize is not awarded to entrepreneurs based on having great ideas or business plans, rather, the business in question must be an already existing business with proof.

It is therefore important to start up a business, grow and work hard to earn tangible results before trying your luck with applications.

The business, invention, or social project could be of relevance in any field or industry of practice. There are no specific industries or areas of business required. It could be science and technology, arts and entertainment, civil society, culture, sports, etc.

Individuals who apply must be one of the founding members of a business (for example, 2 or 3 co-founders who started up the project together).

2023 OPPORTUNITIES FOR SCHOLARSHIPS AND AWARDS

Criteria for selection

A. To be selected as one of the Anzisha ventures, the business or project would be judged based on the following 5 criteria:

Your venture must be an established business with customers and beneficiaries and you are providing value to them
You should be the founder, leading and managing the venture
The business or venture must demonstrate that it has some impact on customers and its operating environment
Whether the venture is a for-profit business or cause-based, there should be evidence it already earns revenues or already reached out to beneficiaries.
The venture must show there is potential to increase revenues or increase its reach to beneficiaries with support from Anzisha. Has your venture created jobs and is there potential to create more high-quality jobs?

B. To be selected as an Anzisha Fellow, you must demonstrate two important qualities:

You are the leader of your venture and you drive both venture strategy and operations.
You spend at least 20 hours a week (or more) on your business and plan to continue to do so after selection.

The Prize

Bi-annual cash stipends would be given to eligible fellows within Year 1 and Year 3 of the fellowship.

Short-term educational opportunities, internships, and specialized technical expert consultations would be provided for eligible fellows in Years 2 and Year 3.

Job Creation Prize would be awarded to the entrepreneur in Year 2 who has created the most job opportunities since joining the fellowship.

The revenue Growth Prize would be awarded to the entrepreneur in Year 2 with the highest business revenue growth since joining the fellowship.

Storytelling Prize would be awarded to the entrepreneur in Year 2 who has creatively communicated and distributed their entrepreneurship story through written, oral, and visual storytelling.

Integration systems and processes Prize would also be awarded to the entrepreneur in Year 2 who has effectively used systems and processes to advance their business model.

If you think this opportunity brought to your knowledge by Choc News is within your reach to grab, why not?