Euromena Awards 2019 for Innovative African Startups (€10,000 Funding)

Euromena Consulting is organising for the third consecutive year the Euromena Awards, a start-up competition dedicated to local and innovative entrepreneurs. 

Application Timeline: Award takes place 12th December 2019

Eligible Countries: sub-Saharan African countries

To Be Taken At (Country): Dakar, Senegal

About the Award: Start-ups initiatives have been proliferating worldwide and Africa shows huge potential for innovation and disruptions. Euromena team is composed of entrepreneurs who have been working in the region for years. The Awards represent an opportunity to celebrate the richness and strength of African innovation.

Euromena Consulting’s prize is about discovering and bringing to the world the many innovative talents Africa boasts of. Our competition is about creativity, innovation, development and social matter.

Our aim is to reward African start-ups promoting ICT and social development in Africa.

Type: Entrepreneurship

Eligibility: The Euromena Awards – Sub-Saharan Africa Edition welcome businesses that meet the following criteria:

1. They must be in “startup” mode and seeking to expand or scale-up
2. They must respond to a clear social impact, whereby an intentional positive outcome is meant to solve a certain social challenge or problem
3. They must involve a team of at least 2 members
4. They must use technology either as a tool or as an end product or service
5. They must demonstrate economic viability
6. They must have a fully working product/service that has already been produced/launched
7. They must be based in one of the following eligible countries, that is sub-saharan country.

Selection Criteria: The jury members will select the finalists based on the following main criteria:

1. Quality of idea – level of innovation, level of competitiveness, use of technology
2. Quality of product/service – clarity of ideas, scalability
3. Quality of business model – clarity of vision, clarity of approach, sustainability
4. Quality of management/leadership – educational/professional backgrounds, team organization and division of tasks
5. Level of impact – evaluation of the level of impact on surrounding society or environment
6. Feasibility – social and economic

Number of Awards: 3

Value of Award: 

• A €10,000 financial reward will be shared among the 3 candidates shortlisted by the jury. The winner will receive € 5,000, and 3,000 and 2,000 are intended for the 2^nd and 3^rd laureates, respectively.

• 6 months of customized, high quality business consulting support including coaching, mentorship, and advisory services adapted to the winner’s needs, valued at US$150,000
• Networking, exposure and access through Euromena Consulting’s vast existing network of key stakeholders across the sub-saharan countries
• Local and regional engagement with partners, clients and beneficiaries through access to Euromena Consulting events and opportunities

How to Apply: Apply Now!

Visit Euromena Awards Webpage for Details

Award Providers: Euromena Consulting