CEM REPORT, MSME | The Anzisha Prize has announced application for the 2023 cycle of its fellowship programme for young entrepreneurs from all over the continent between 15 and 22 years old.
The fellowship is a three-year program that celebrates and rewards business growth. During the three years, the program will track the performance of the business and the entrepreneur.
Businesses that show exemplary growth and initiative are rewarded with benefits and services such as short courses, cloud services and cash stipends.
At the end of the second year, entrepreneurs will pitch their businesses and successes for a chance to win their share of prizes to the value of $50000.
According to the statement published on the Anzisha Prize website, the grand prize will be in four categories;
Job Creation Prize – awarded to the entrepreneur in Year 2 who has created the most job opportunities since joining the fellowship.
Revenue Growth Prize – awarded to the entrepreneur in Year 2 with the highest business revenue growth since joining the fellowship.
Storytelling Prize – awarded to the entrepreneur in Year 2 who has creatively communicated and distributed their entrepreneurship story through written, oral and visual storytelling since joining the fellowship.
Integration Systems and Processes Prize – awarded to the entrepreneur in Year 2 who has effectively used systems and processes learned in the program to advance their business model since joining the fellowship.
Furthermore, during the fellowship, fellows are eligible for bi-annual cash stipends throughout the fellowship.
Other benefits will be given to eligible fellows during Year two and Year three such as short-term educational prospects, internships, and specialized consultations with technical experts available.
At the end of the three-year fellowship, the fellows will graduate and join the Anzisha Prize alumni network.
Furthermore, the fellowship will provide, Shared Monetary Reward to the value of $140,000 over three years including cash stipends. Learning Campus: Access to a world-renowned Entrepreneurial Leadership curriculum and training with the potential for further investment based on engagement and performance. Worth $2000.
Additionally, the fellowship will present fellows with Consulting Services: Paired with a Venture Partner, fellows will receive monthly coaching support that will help them achieve their personal and business goals. Skill Development: Live virtual workshops that focus on wellness support, venture-building skills and personal leadership development. Educational Opportunities: Short-term education opportunities, growing their network through internships with established businesses and technical experts.
Eligibility Requirements
Applicants must be one of the founding members of a business.
Applicants must be a national of an African country with a business based in Africa for African customers/beneficiaries.
Applicants business, invention or social project can be in any field or industry ranging from science and technology, civil society, arts and culture, sports, etc.
Applicants must be between 15 and 22 years old with an ID document or Passport to present as evidence.
Applicants must have started the business and be able to prove that the business is capable of substantiating its existence.
Judging Criteria
Establishment and Value: Is your business established and providing value to its clients and beneficiaries?
Leadership: As the company’s founder, are you actively in charge of running things?
Impact: Does your project already show signs of having an impact?
Regardless of whether your endeavour is motivated by profit or a good cause, is it now making money or helping the people it is intended to help? Could Anzisha’s assistance result in higher earnings or a wider range of beneficiaries?
Job Creation Potential: Has your business created any jobs, and is there a chance that more high-quality employment possibilities will be made available?
To apply, visit here to apply before the deadline of 7 September 2023
