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Anzisha Prize for Young African Entrepreneurs 2019

Anzisha Prize invites applications from young entrepreneurs aged between 15 and 22 years old who are Africans to apply for the 2019 Anzisha Prize.

The Anzisha Prize seeks to award young entrepreneurs who have developed and implemented innovative solutions to social challenges or started successful businesses within their communities. 15 finalists from across Africa win a spot in a lifelong fellowship what will help to accelerate their path to entrepreneurship success.

Anzisha strategy has three pillars:

  • Celebrate very young entrepreneurs and actively share their stories, to increase the likelihood that others will choose to emulate their success.
  • Train and accelerate very young entrepreneurs, such that they develop and then share models of entrepreneur education and support more likely to succeed with teens and very young adults.
  • Influence entrepreneurship education (secondary and tertiary levels) to not only increase the likelihood of more young entrepreneurs, but empathy and support for entrepreneurship as a choice by others.

African Leadership Academy (ALA) and The MasterCard Foundation – co-hosts of the Anzisha Prize – are excited to announce a significant increase in the support available to selected entrepreneurs over the next five years (2016 to 2020).

Award Value

  • 5 finalists from across Africa win a spot in a lifelong fellowship what will help to accelerate their path to entrepreneurship success.
  • The first step in this journey is that they win an all-expenses-paid trip to South Africa to be a part of a ten-day long entrepreneurship workshop and conference at the African Leadership Academy campus on the outskirts of Johannesburg.
  • This is the value of the Fellowship you will be a part of, if you win – Additional investment of $8,000/ $10,000 in each Fellow
  • Monetary Reward of a shared amount of $100,000
  • $2,000 access to a world-renowned Entrepreneurial Leadership curriculum and training with the potential for further investment based on engagement and performance
  • $2,500 worth of rewards from consulting and mentorship services
  • $2,000 worth of rewards from Global speaking events or Experts in Residence support
  • $1,000 worth of rewards from Regional Indabas across the continent
  • The fellowship continues thereafter, offering them business consulting services to unlock growth potential in their venture, connecting them to a global network of leaders, providing access to global speaking opportunities, and supporting their professional development.

Qualifications

  • You must be between 15 and 22 years old with an ID document or Passport to present as evidence. Anyone born before November 1, 1996 or after October 31, 2004 will not be considered.
  • You must be a national of an African country with a business based in Africa for African customers/ beneficiaries.
  • Your business must be up and running. The Anzisha Prize is not for great ideas or business plans – you must have already started, and be able to prove it! You have time to get started now and have tangible results to share before applications open.
  •  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.
  • 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)

To be selected as one of the Anzisha ventures, your business or project will be judged on the following 5 criteria:

  • Already Running Venture: Is the venture established with customers and beneficiaries? Does the venture deliver value to said beneficiaries and customers?
  • Founder-led: Is the venture led and managed by the founder?
  • Impact: Has the venture demonstrated some impact already?
  • Scalability: If the venture is a for-profit business, does it already earn revenues and does it have potential increase revenues with the support of Anzisha? If the venture is a not-for-profit enterprise, does it already reach beneficiaries and does it have the potential to reach many more beneficiaries with support from Anzisha?
  • Job Creation: Has the venture created some jobs and has the potential to create more high-quality jobs?

To be selected as one of the Anzisha Fellows, you must demonstrate the following 2 qualities:

  • Venture leader: Are you the leader of your venture and do you drive both venture strategy and operations?
  • Commitment: Do you spend at least 20 hours a week or more on your business and will you continue to do so after selection?

Application Procedure

Applications are done online via their website (see link below).

Applications Deadline: March 31, 2019.

Scholarship Link

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