THE 2021 ABH PRIZE COMPETITION ($1.5M GRANT)
Their yearly competition to identify Africa’s Business Heroes is live and they are accepting applications till June 21st 2021. Read below to learn more about ABH, the competition, key benefits, eligibility criteria and the application process!
ABOUT AFRICA’S BUSINESS HEROES (ABH)
Africa’s Business Heroes (ABH) is the Jack Ma Foundation’s flagship philanthropic program in Africa to support entrepreneurs.
Their mission is to showcase and grow local talent who are creating positive impact in their communities and beyond, and inspire a movement of African entrepreneurship.
Over a ten-year period, the program will recognize 100 African entrepreneurs and provide grant funding, training programs, and broader support for the broad African entrepreneurial ecosystem.
The ABHÂ PRIZE
Africa’s Business Heroes directly supports talented and promising African entrepreneurs through its namesake Prize competition.
Each year the Prize selects ten “business heroes” from across Africa that compete for their share of USD 1.5 million in grant funding.
During the competition, participants have also exclusive access to training, mentoring and learning programmes, as well as to a community of like-minded African business leaders.
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.
Benefits
THE 2021 ABH PRIZE COMPETITION ($1.5M GRANT) finalists receives;
- Access to tailored feedback, training and mentorship via Africa’s Business Heroes Network of Partners and judges.
- Opportunity to network with the ABH’s growing community of Alumni, judges and key stakeholders that promotes peer learning, engagement and networking.
- Opportunity to pitch your business to a global panel of legendary judges and receive advice from them.
- You stand a chance to win your share of $1.5 million USD; all ten finalists win grant funds from $100,000 to $300,000.
- Participants gain global recognition and exposure; international publicity via the televised Africa’s Business heroes Show, press releases, news articles, TV/radio & print interviews.
Eligibility Criteria
To apply for our competition, you should meet the following criteria:
- Applicant should be the Founder or a Co-founder of the company. The company should be registered and headquartered in an African country, and primarily operates in Africa.
- Applicant must have African citizenship or is the child or grand-child of an African citizen.
- Applicants company is in post-idea stage and the business is 3 years old or more and has at least 3 years of revenue history.
Please note that at various stages of the application, we require documents to prove your eligibility.
On how to apply click HERE
