Call for Applications: $1.5m Grants for Entrepreneurs in Africa’s Business Heroes

The search for Africa’s future business leaders and change-makers has commenced with the launch of the sixth annual Africa’s Business Heroes Prize Competition. ABH, which is a philanthropic initiative of the Jack Ma Foundation, aims to support African entrepreneurs in their endeavors. This competition, spanning across the continent, aims to identify and honor 10 exceptional entrepreneurs who are making a positive impact in their local communities.

For over a decade, this program has highlighted the achievements of 100 African entrepreneurs, providing them with crucial resources such as grant funding, training programs, and comprehensive support to strengthen the wider African entrepreneurial industry.

Benefits:

1. Grant Funding: The top 10 finalists will have the opportunity to compete for a portion of $1.5 million in grant money, which will fuel the growth and expansion of their ventures.
2. Training Programs: Participants will gain access to exclusive entrepreneurship training, mentorship, and tailored learning programs to enhance their skills and knowledge.
3. Networking Opportunities: Entrepreneurs will become part of a community consisting of like-minded individuals, business leaders, investors, and mentors, fostering collaboration and growth.
4. Exposure: Finalists will receive global recognition and exposure through media features, documentaries, and the ABH TV show, amplifying their stories of passion, resilience, and innovation.

Eligibility

To be eligible for the program, applicants must meet the following requirements:

1. ABH welcomes candidates from all 54 African countries, promoting inclusivity and diversity.
2. The program is open to entrepreneurs of all ages and genders, ensuring equal opportunities for all.
3. Entrepreneurs from various industries and sectors are eligible to apply.
4. ABH supports entrepreneurs from all walks of life, recognizing and nurturing talent and potential.
5. Dr. Ikpeme Neto, CEO and Founder of Wellahealth Technologies and the winner of the ABH 2023 First Prize, shared the transformative impact of participating in the ABH Prize Competition.

“Participating in the ABH Prize Competition has been a game-changer for Wellahealth Technologies, profoundly influencing our startup journey. ABH not only provided us with financial assistance but also offered unparalleled opportunities for entrepreneurship training, networking, and exposure. I encourage fellow entrepreneurs across Africa to seize this extraordinary opportunity and reap the multitude of benefits that can accelerate growth and success for your ventures.”

Previous winners and participants have utilized the support from ABH to expand their reach, recruit talented individuals, and invest in new products and services, thereby contributing to job creation and economic growth throughout Africa.

Through financial assistance, training, and networking opportunities, Wellahealth Technologies, one of the beneficiaries, has experienced remarkable growth and success.

How to Apply

Applications for Africa’s Business Heroes 2024 are now open and will be accepted until May 19, 2024. Interested entrepreneurs can access the free application form on ABH’s official website.