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Jack Ma Foundation’s Philanthropic Program offering grants in Africa

Deadline: 6-Jun-22

Africa’s Business Heroes Prize Competition (ABH) is now open 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.

Every year, ten finalists will be selected to compete in the ABH grand finale pitch competition and participate in a TV Show that will be broadcast online and across the continent. The finalists compete for a share of US $1.5 million in grant money.

Key Benefits

ABH is more than a competition and has been designed to provide applicants and finalists with numerous benefits:

  • Insights into your business
    •  Their application process helps applicants strengthen their pitching/fundraising efforts via an introspective application process. Applicants also get the opportunity to receive feedback and advice from numerous business professionals and seasoned entrepreneurs at various stages of the competitions.
  • Targeted & practical training programs:
    •  They provide ABH community members to a range of bespoke training programs such as financial management, marketing and more. Finalists have the opportunity to access even more programs & services such as investment readiness and talent sourcing via their network of partners and judges.
  • Mentorship from business icons
    • Their Finalists have the opportunity to be mentored by global business icons both throughout the competition and afterwards.
  • Global recognition and exposure
    • ABH also spotlights the most promising entrepreneurs as they progress via press releases, social media, and news articles and provides significant exposure opportunities to finalists via the Africa’s Business Heroes Show, which is distributed across 40+ African countries.
  • Grant Funds of up to $300,000
    • Their Top 10 finalists share a prize pool of $1.5 million with the first prize winner taking home $300,000 in grant funds.
How is the grant shared among the top 10?
  • 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.
Eligibility Criteria
  • ABH is looking for African entrepreneurial heroes creating an impact in their communities and building a more inclusive economy for the future. Africans from all 54 African countries are eligible to apply irrespective of age, industry sector or gender. However, applicants have to meet a strict set of criteria:
  • Applicant is of African origin. You should have 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.

For more information, visit https://africabusinessheroes.org/en/

By youthcountyprojects

This platform seeks to fill the knowledge and awareness gap regarding youth projects being implemented in the 47 counties in Kenya.
It also highlights projects focusing on youth being implemented in 47 counties in Kenya by the national government,county governments,donor agencies,civil society organisations (CSOs),Non Governmental Organisations (NGOs),Donor Agencies,Community Based Organisations (CBOs),private sector and individuals and their impact to the communities.
The projects lie within the social pillar,economic pillar and political pillar as enshrined in Vision 2030.
Email: youthprojectskenya@gmail.com
Facebook Page: Youth Projects Kenya
Twitter : @YouthProjects

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