September 7, 2023 is the application deadline. | Young African Entrepreneurs Anzisha Prize Fellowship Program 2024 ($200 000 Prize to Grow Your Business)
The Anzisha Prize gives out over USD $200,000 annually in business support and prize money to very young entrepreneurs from all over the continent, making it Africa’s largest award for her youngest entrepreneurs (15 to 22 years old).
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Over 200 Very Young Entrepreneurs have been promoted and supported by the Anzisha Prize across the African continent. We hope you filed your application for the 2023 cycle if you are a young African entrepreneur working to expand a small business or you’ve produced something that earns money for you and your friends. Become an example for other young entrepreneurs and motivate them to improve their communities and all of Africa. By submitting an application for the Anzisha Prize, you have a chance to earn a share of grand cash prizes totaling more than $50,000 as well as support for your company’s operations. We want to recognize your ability to boost the economy of your nation and generate employment since you hold the key to Africa’s future.
For more than ten years, the Anzisha Prize has supported and promoted very young entrepreneurs with its venture-building fellowship program.
The three-year fellowship program honors and promotes entrepreneurship progress. The program will monitor the progress of the company and the entrepreneur over the course of the three years.
Businesses are recognized for their exceptional growth and initiative with perks and services including short courses, cloud services, and cash stipends. Entrepreneurs will present their companies and achievements at the end of the second year for the possibility to earn a portion of awards worth $50,000.
Four categories make up the Grand Prizes.
- The Award for Job Creation
- Prize for Revenue Growth
- Award for Storytelling
- Prize for Integrating Systems and Processes
- The fellows will graduate after their three-year fellowship is over and join the Anzisha Prize alumni network. We welcome your application if you are a young African entrepreneur working to expand a small company or if you have made something that earns money for you and your friends.
Conditions for Eligibility
- You must be between the ages of 15 and 22 and have an ID or passport to use as proof. No one born on or after September 1, 2001, or before August 31, 2008, will be taken into consideration.
- You must be an African national operating a company in Africa with African clients or beneficiaries.
- The Anzisha Prize is not given out for brilliant business concepts or plans; instead, you must have already begun and be able to demonstrate it. Before submissions are accepted, get started right away and make sure you have concrete outcomes to present.
- Any industry or field (civil society, the arts and sciences, sports, etc.) can host your company, idea, or social project. All business endeavors are encouraged to apply.
- One of the founding members of a firm (for instance, two or three co-founders who started the initiative together) is required for applicants.
Judging Standards
Your company or project will be assessed against the following 5 standards in order to be chosen as one of our Anzisha ventures:
- Is your business well-established with clients and beneficiaries, and do you provide them with value?
- Are you, the founder, in charge of overseeing and running your business?
- Has your business venture already shown some results?
- Does your endeavor, whether it’s for profit or not, already generate income or have an effect on the beneficiaries? Does support from Anzisha have the potential to expand revenue or beneficiary reach?
- Has your business produced jobs? Is there room for more high-quality jobs to be created?
Prizes:
- Throughout the fellowship, qualifying fellows will receive biannual cash stipends.
- For qualified fellows in Years 2 and 3, there are short-term educational opportunities, internships, and consultations with specialized technical experts.
- The Year 2 entrepreneur who has generated the most job opportunities since entering the fellowship will receive the Job Creation Prize.
- The entrepreneur in Year 2 who has had the greatest increase in business revenue since beginning the fellowship will receive the Revenue Growth Prize.
- The Storytelling Prize is given to a Year 2 entrepreneur that has effectively shared their business narrative through written, oral, and visual storytelling since beginning the fellowship.
- Integration Systems and Processes Prize: given to the Year 2 entrepreneur who has successfully applied the systems and procedures they have learnt throughout the fellowship to advance their business model.
Benefits
- $140,000 in total shared financial reward over three years, including cash stipends
- Learning Campus: Access to a renowned curriculum and training in entrepreneurial leadership with the possibility of additional investment based on engagement and performance. Worth $2 000
- Consulting Service: Fellows will receive monthly coaching support from a Venture Partner in order to help them reach their personal and professional objectives.
- Live online classes that concentrate on supporting wellbeing, developing entrepreneurial abilities, and fostering personal leadership are examples of skill development.
- Short-term education possibilities, network building through internships with well-established companies and technical professionals.
For Additional Information
Check out the Anzisha Prize Fellowship Program 2024 website.
