Anzisha Prize for African Entrepreneurs

  • by
  • September 4, 2024

As a young entrepreneur in Africa whose innovative ideas have solved lots of societal problems, you can seldomly face funding problems. This is usually normal with a lot of startups. However, you could actually get the Anzisha Prize for African Entrepreneurs.

So, this article will not just inform you about Anzisha’s prize for African Entrepreneurs, it will also put you through the process of applying rightly and in fact, how to become a beneficiary o this award.

The critical problems that are prevalent in society require creative ways to solve them. Most of these problems are racism, gender inequality, environmental decay, poverty, etc.

To this effect, the Anzisha Prize for young African entrepreneurs in 2024 arises to procure creative ways to solve critical issues in response to social innovation.

This Anzisha Prize is the biggest award in Africa which is given to very young and promising entrepreneurs within Africa. In fact, these young entrepreneurs get over $100,000 every year in funding from entrepreneurs from all over the continent.

Table of Contents Hide
  1. About the Anzisha Prize for Young African Entrepreneurs
  2. What are the Benefits of the Anzisha Prize for the Young African Entrepreneurs?
  3. Eligibility Requirements – Who Should Apply for the Anzisha Prize?
  4. What is the Selection Criteria for the Anzisha Prize program?
    1. Important Dates for the Anzisha Prize Application Cycle
  5. How Do I apply for Anzisha Fellowship Program?
  6. When is the Application Deadline for Anzisha Fellowship for Africans?
    1. Conclusion
  7. Anzisha Prize for Aricans FAQs
    1. References
  8. Recommendations

About the Anzisha Prize for Young African Entrepreneurs

The Anzisha Program is a partnership between the African Leadership Academy and Mastercard Foundation whose aim is to increase the number of job entrepreneurs in Africa.

Actually, the aim of the Anzisha Prize is to award young entrepreneurs who have created and implemented innovative solutions to social problems.

It is also for young entrepreneurs that own successful businesses within their communities.

In addition, the program will test, implement, and share new models that will identify and connect these entrepreneurs.

This will help many more organizations have better collective success in creating a pipeline of entrepreneurs with the capabilities for scale.

Also, 20 finalists from across Africa will win an all-expenses-paid trip to South Africa for a two-week entrepreneurship workshop and conference at the African Leadership Academy campus on the outskirts of Johannesburg. 

Winners will emerge from the finalists and they will share prizes worth $100,000 USD.

Afterward, the fellowship will offer them business consulting services to unlock growth potential in their venture.

It will also link them to a global network of leaders. This will give the winners access to global speaking opportunities thereby supporting their professional development.

Read and apply: Ron Moelis Social Entrepreneurship Fellowship for Undergraduates

What are the Benefits of the Anzisha Prize for the Young African Entrepreneurs?

The winners of the Anzisha Prize for young African entrepreneurs will get:

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  • 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

Read and apply: Open Society Initiative for West Africa (OSIWA) Grants

Eligibility Requirements – Who Should Apply for the Anzisha Prize?

Just like every competition, fellowship or scholarship; there are certain expectations the sponsors o this program expects all applicants to fulfill prior to sending in an application.

Below are the eligibility requirements for the Anzisha program for young entrepreneurs in Africa.

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  • The applicant must be between 15 and 22 years of age with an ID document or Passport to show as evidence. If you’re born before November 1, 1995, or after October 31, 2003, you will not be considered.
  • You must be a citizen of a country in Africa with a business based in Africa for African customers/ beneficiaries.
  • The applicant must have a business that is a start-up. Remember that the Anzisha Prize is not for great ideas or business plans. So, you must have already started your business and you will have to prove it as well.
  • Ensure that your business or social project is in any field or industry such as science and technology, civil society, arts and culture, sports, etc.
  • You must be one of the founding members of the business venture before you can apply. NOTE: This is only applied when 2 or 3 co-founders start a business together. Only but one person can apply for the Prize on behalf of the business.

What is the Selection Criteria for the Anzisha Prize program?

Before you qualify as one of the Anzisha ventures, your business or project will be judged based on the following criteria:

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  • Already Running Venture: Is the venture founded with customers and beneficiaries? Does the venture deliver value to said beneficiaries and customers?
  • Founder-led: Is the business managed by the founder?
  • Impact: Has the venture showed some impact already?
  • Scalability: If the venture is a for-profit business, does it already earn revenues, and does it have the potential to 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 higher quality jobs in the future?

Additionally, to be selected as one of the Anzisha Fellows, the person must demonstrate the following qualities:

  • Venture leader: Are you the leader of your business? Do you drive both the venture’s 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?

Check this out and apply: Romanian Government Scholarships for Foreign Citizens to Study in Romania

Important Dates for the Anzisha Prize Application Cycle

17 February 2024: Applications Open for the Anzisha Prize.
1 April 2024: Applications close.
May 2024: Phone interviews and due diligence visit with the semi-finalists, and final selection.
July 2024: Announcement of the top 50 finalists of the 2024 edition of the Anzisha Prize.
August 2024: Announcement of the top 20 2024 Finalists.
October 2024: Anzisha Business Accelerator and Anzisha Prize Awards Forum.

Read and apply: Google Africa Ph.D. Fellowship Program for African Graduate Students

How Do I apply for Anzisha Fellowship Program?

The application for the Anzisha program is done online. Click on the button below to start your registration now.

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Application Link

When is the Application Deadline for Anzisha Fellowship for Africans?

The application deadline for the Anzisha Prize for young African entrepreneurs in 2024 is on March 30, 2022.

It is currently closed, however, you should keep tabs as we will inform you immediately it opens.

Conclusion

Africa is starting to take its place on the global stage as a continent of growth and opportunity. But critical challenges remain especially the need to create a significant number of jobs for the continent’s booming population. In addition, there is a need to build a cadre of home-grown business leaders able to access global markets and drive growth in a sustainable and inclusive manner.

In fact, the Anzisha Prize for young African entrepreneurs in 2024 is central to Africa’s future prosperity. The biggest business opportunities in the coming years will be created by Africans who start businesses, generate jobs and wealth, and capture growth opportunities.

Anzisha Prize for Aricans FAQs

Submission of applications will begin by the 17th of February, 2024.

The value of the Anzisha Prize award is $100,000 USD.

The top 50 Finalists will be announced by July 2024.

Announcement of the top 20 2024 Finalists will be made in August 2024.

References

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