Applications are currently being invited for the Anzisha Prize for Young African Entrepreneurs between the ages of 15 and 22 years in 2021.
The Anzisha Prize seeks to award young entrepreneurs who have developed and implemented innovative solutions to social challenges. It also awards entrepreneurs who have started successful businesses within their communities.
To this effect, 15 finalists from across Africa win a spot in a lifelong fellowship that will help to accelerate their path to entrepreneurship success.
The Anzisha strategy has three pillars:
- Celebrate very young entrepreneurs and actively share their stories. Clearly, this will 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. Undoubtedly, they are more likely to succeed at this with teens and very young adults.
The third pillar of the Anzisha strategy is
- Influence entrepreneurship education (at secondary and tertiary levels). This will not only increase the likelihood of more young entrepreneurs but also create empathy and support for entrepreneurship as a choice by others.
Worth of Award
Recipients of this prestigious award will walk away with
- A monetary reward of a shared amount of $100,000.
- $2,000 access to a world-renowned Entrepreneurial Leadership curriculum and training. This increases their potential for further investment based on engagement and performance.
That’s not all, recipients will also walk away with
- $2,500 worth of support from consulting and mentorship services.
- $2,000 worth of fees for Global speaking events or Experts in Residence support.
- $1,000 worth of access to Regional Indabas across the continent.
So, for you to be eligible for this award, you
- must be between 15 and 22 years of age with an ID document or Passport to present as evidence. Anyone born before November 1, 1998, or after October 31, 2004, will not be considered.
- must be a national of an African country with a business based in Africa for African customers/beneficiaries.
In a similar vein, you must
- be one of the founding members of a business. For example, 2 or 3 co-founders who started up the project together if you’re applying as an individual.
- have a business, invention or social project in any field or industry. It could be science and technology, civil society, arts and culture, sports, etc. The bottomline is any kind of venture is welcome to apply.
For a fact, the Anzisha Prize isn’t awarded for great ideas or business plans – you must have already started, and be able to prove it! So get started now and ensure you have tangible results to share before applications open.
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?
Furthermore, your business or project will be judged based on
- 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?
How to Apply
Applications are done online via the official website.
Deadline: Finally, applications open February 15 and close March 31, 2021.