Applications are still being accepted for the 2022 Africa Business Heroes Award. The Jack Ma Foundation is behind the program, which aims to support creative African businesspeople. The $1.5 million grant money awarded each year has helped several entrepreneurs succeed over the last four years. Participants in this competition also have access to training and mentoring programs created to help them get better at what they do.
The mission of the Africa Business Heroes Prize is to find, encourage, and assist the next generation of African business leaders who are making a difference in their communities, tackling today’s most pressing issues, and creating a more sustainable and inclusive economy.
The project wants to be as inclusive as it can be. Entrepreneurs from all African nations, across all industries, and of all ages who own legally registered enterprises with headquarters in Africa and a three-year track record are welcome to apply in both English and French.
Ten finalists will be chosen annually to compete in the final pitch competition for the Africa Business Heroes Prize and to appear on a TV show that will be broadcast online and throughout the continent. The finalist teams will compete for a portion of a grant fund of US $1.5 million.
eligible nations are those in Africa.
Description: Entrepreneurship
Africa Business Heroes eligibility:
The applicant should be one of the company’s founders or a co-founder.
The applicant is of African descent and can prove it. In other words, you currently or previously held African citizenship, or a parent or grandparent did.
Company is based in Africa. The company is largely active in Africa and has its headquarters and registration in an African nation.
Post-idea stage company the company has at least three years of revenue history and is at least three years old.
ALSO: Tuition Free Training in Agribusiness
Selection Standards:
Mission, values, and vision
The significance and scope of the issue or need you are addressing The viability and added value of your solution
Market acceptance of your product
Competitivity of Your Solution/Product
The viability of your financial projections and revenue model
Potential for Team Leadership
The tangibility and sustainability of the impact you are making on society
Number of awards: 10
Benefits:
ABH finalists have the chance to network with the ABH’s expanding community of gifted and inspiring minds and receive vital training and mentoring. To compete for a piece of the $1.5 million (USD) prize, ABH Finalists will present their companies to a distinguished panel of judges from around the world. All applicants join the ABH Community, where they have access to enlightening, instructive, and inspirational events and can get feedback on their properly filled-out applications.
Learn about yourself & business
Receive invaluable feedback
Develop skills to tell your story
Join an entrepreneurship ecosystem
Access exclusive mentorship and training
Gain global recognition & exposure
Pitch to business legends and win your share of USD $1.5 million
Value of Africa Business Heroes Award:
| 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 |
The Semi-Final will also be free of charge thanks to ANPI’s support.
Also,
Exposure: We give our Heroes the chance to share their stories with Africa and the rest of the globe through the “Africa’s Business Heroes (ABH)” show. The fact that the event is broadcast on well-known television networks gives our finalists a lot of exposure and visibility.
Training: Through the acclaimed eFounders fellowship training program, we provide our Heroes with training at Alibaba’s corporate headquarters. Additionally, in collaboration with partners, we are creating customized training and accelerator services for our Top 10.
Mentorship: We give our Heroes the chance to receive advice from eminent businessmen, such as the judges of the Finale and Semi-Finale.
How to Apply for Africa Business Heroes: Submit your application to be an ANPI Business Hero by 2022 today!
Before applying, it is crucial to review all of the requirements on the Award Webpage (see the Link below).
ASSESSMENT PROCESS
ABH uses an application process with four steps to find our heroes.
Round 1
To choose our Top 50 Finalists, we conducted an online evaluation of all submitted applications.
Two judges will evaluate each application.
The average scores of all applications will be used to identify the Top 50 Finalists.
Round 2
Two seasoned business professionals are interviewed via video call and given an hour and a half to evaluate each finalist and organization in-depth.
The average scores of all 50 Finalists will be used to choose the Top 20 Finalists..
diligent effort
To advance to the Semi-Final phase, the Top 20 Finalists must successfully complete diligence tests conducted by ABH partner Price Waterhouse Coopers (PwC).
Preliminary Pitch
A prestigious and experienced jury of investors, business executives, and professionals will hear pitches from the short-listed finalists before selecting the Top 10 Finalists.
GOODLUCK
Visit the Award websitefor More Information
Join this group to receive updates on scholarships and grants.
