The 2020 Anzisha Prize Program is open to application submission from young entrepreneurs. The opportunity is for Africans who have developed and implemented innovative solutions to social challenges or started successful businesses within their communities.
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Generally, it’s Africa’s biggest award for young entrepreneurs between the age of 15 -22. It doles out over USD $100,000 every year in prize money to entrepreneurs from all over the continent.
If you are between the age of 15 and 22, running a small business in Africa, then, the 2020 Anzisha prize award is for you.
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About the 2020 Anzisha Prize Program
The Anzisha Prize Program is a partnership between the African Leadership Academy and the Mastercard Foundation. The initiative seeks to fundamentally and significantly increase the number of very young job generative entrepreneurs in Africa.
It is for young African entrepreneurs trying to grow a small business. Also, young African entrepreneurs developing a product that has the potential to impact their communities and generate profit are encouraged to apply.
With the 2020 Anzisha Prize, you can become a role model and inspire other young entrepreneurs to believe in the difference they can make in Africa with the right support.
There will be a total of 20 finalists from Africa who will win a fellowship to support the growth of their business. Also, there will be an all-expenses-paid trip to South Africa to participate in the two-weeks long entrepreneurship workshop and conference at the African Leadership Academy campus in Johannesburg.
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Eligibility For The 2020 Anzisha Prize
This opportunity is for young youths between the age of 15 and 22 years. It is not for those born before November 1, 1997 or after October 31, 2005.
You must fulfill the following criteria to apply:
- An Identification Document (ID) or passport as evidence.
- Be a national of an African country with a business based in Africa for African customers/beneficiaries.
- 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).
- Your business must have already started with prove. The prize is not for a great idea or business plans.
- Your business, invention or social project can be in any field or industry (science and technology, civil society, arts and culture, sports, etc.). Any kind of venture is welcome to apply.
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- A copy of your Identification Document
- Pictures of your venture/project in action.
- Company registration documents, if your venture is registered (don’t worry if not, you can still submit your application).
- Logo of your venture/project
- A photo of yourself.
- Information about your venture/project.
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Selection Criteria For 2020 Anzisha Prize
To be selected for the Anzisha ventures, your business or project will be judged on the following criteria:
- Is your venture led and managed by the founder
- Is the venture established, already conducted some business or projects?
- Does it deliver some value to these beneficiaries or customers?
- Has the venture demonstrated some impact already?
- Are there clearly defined beneficiaries that have been impacted by the venture?
- Does it have the potential to grow?
- Has it created some jobs or does it have the potential to create more high-quality jobs?
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To be selected as one for the Anzisha Fellows, you must demonstrate two important qualities:
- You are the leader of your venture and you drive both venture strategy and operations.
- You must spend at least 20 hours a week (or more) on your business and plan to continue to do so after selection.
- Monetary Reward: A share of $100,000, shared amongst the fellows, with the grand prize winner, taking away $25 000.
- Learning Camps: Access to a world-renowned entrepreneurial leadership curriculum and training worth $2000 with the potential for further investment based on engagement and performance.
- Consulting Service: $2,500 worth of rewards from consulting and mentorship services
- Speaking Opportunities: $2,000 worth of rewards from Global speaking events or experts in residence support
- Entrepreneur Conferences: $1,000 worth of rewards from entrepreneur networking opportunities with other entrepreneurs within the Anzisha Prize community
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Basically, owing to the fact that Africa’s future lies in the hands of the young generation, the prize celebrates young minds with the potential to grow the country’s economy and create jobs.
The window for application submission is open and will close on April 1, 2020. Thereafter, interviews and other due processes will follow before the award is given.
Please note that you can also nominate candidates who fit the criteria.
To read more and apply, click here
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