Africa Business Heroes ABH Competition 2024 for African Entrepreneurs
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Ifeoma Chuks
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chance to win tools to assist your Entrepreneurship journey. Apply today in English or French!
Application Deadline: 19th May 2024 23:59:59 GMT.
About the ABH Competition: ABH aims to identify, support and inspire the next generation of African entrepreneurs who are making a difference in their local communities, working to solve the most pressing problems, and building a more sustainable and inclusive economy for the future.
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.
Every year, ten finalists will be selected to compete in the ABH finale pitch competition and participate in a TV Show that will be broadcast online and across the continent. The finalists will compete for a share of US $1.5 million in grant money.
Applicant should be the Founder or a Co-Founder of the company.
Applicant has traceable/provable African nationality. In other words, you have/had African citizenship and/or a Parent or Grandparent has African citizenship.
Company is Africa-Based. The business is registered and headquartered in an African country, and primarily operates in Africa.
Company is post-Idea stage. Business is 3 years old or more and has at least 3 years of revenue history
Selection Criteria:
Vision, Mission & Values
The importance/magnitude of the problem/need you’re addressing
The feasibility and value-add of your solution
Market traction of your solution
Competitiveness of your product/solution
The feasibility of your revenue model and financial projections
Leadership & Team Potential
Social Impact – the tangibility and sustainability of the impact you’re creating
Number of Awards: 10
Value of ABH Competition:
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
ABH will also cover all costs related to the Semi-Final.
Also,
Exposure: Through the “Africa’s Business Heroes (ABH)” show, we provide our Heroes the chance to tell Africa and the world their story. The show is distributed via major television networks, which provides our finalists with significant publicity and exposure.
Training: we offer our Heroes training at Alibaba’s headquarters via the prestigious eFounders fellowship training program. In addition, we are working with partners to develop bespoke training and accelerator services for our Top 10.
Mentorship: we offer our Heroes the opportunity to be mentored by renowned business leaders including our Finale and Semi-Finale judges.
Networking opportunities: ABH attracts inspiring entrepreneurs from across all 54 African countries. Our finalists have the opportunity to connect with, learn and partner with other like-minded entrepreneurs and our community of judges.
Ifeoma Chuks is a naturally-skilled writer. She has written and contributed to more than 6000 articles all over the internet that have formed solid experiences for particularly aspiring, young people around the globe.
Content Manager
This post was last modified on March 4, 2024 9:45 pm