Info For Yous Mtn/Jumia Entrepreneurship Pan-African Challenge For Students, Entrepreneurs Too Investors ($75,000 Prize & Fully Funded Trip To Cape Town, Due South Africa)
MTN/Jumia Entrepreneurship Pan-African Challenge
Contest(s) Offered: Business ideas
Contest Level: Entrepreneurs, Students, Investors
Provider: Jumia (also MTN, Facebook, GetSmarter)
Country to Contest in: African countries
Scholarship Description
Are you lot an entrepreneur? Do you lot accept a concern idea? Apply to the MTN Entrepreneurship Challenge past times Jumia, a contest giving teams the chance to win over $75,000 inwards prizes, including investment, cash, as well as in-kind awards.
Teams volition also accept the chance to come across as well as network alongside early on phase investors, experienced concern professionals as well as successful entrepreneurs who volition serve every bit judges for the competition.
The Pan-African contest is bringing together over 1000 entrepreneurs, students as well as investors, to collaborate on ways to amplify as well as consolidate the continent’s entrepreneurs. Targeting to a greater extent than than lx universities inwards xiii countries across Africa, the contest volition challenge students to railroad train a unique digital application or smart solution that volition solve a tangible work faced on the continent.
Eligibility
Teams may endure comprised of 2 or iii individuals alongside at to the lowest degree 1 fellow member currently enrolled at inwards an African academy or a recent graduate (Academic yr 2014 – 2015 or 2015 – 2016) of an African university.
Evaluation Criteria:
The review squad (encompassing campus captains as well as alternative committee) volition endure evaluating applications according to 4 original areas (which are underpinned alongside to a greater extent than specific criteria). Particularly, participating teams should brand certain that their concern plans will: agree to African market, endure operationally feasible, endure innovative as well as incorporate relevant financials.
The full general assessment system tin endure works life below:
1). Formal Requirements
Citizens of African countries
Areas of focus
Reflecting both the MTN Solution Space’s as well as Jumia’s passion for responsible e-business, the focus volition endure on sustainable as well as responsible digital solutions for the African market. The original criteria that volition endure evaluated are: Fit to African Market; Operational Feasibility; Innovation as well as Financials.
Contest duration
Campus Presentation, Live Pitches: Apr 1st – eighth 2016
Finalists Announced: Apr 16th 2016
Entrepreneurship Festival: May 27th 2016
Contest benefits/Prize
There volition endure cash prizes for the iii finalist teams, every bit good every bit a trip to Cape Town, South Africa to acquaint at the MTN Entrepreneurship Challenge powered past times Jumia Festival inwards May 2016.
The winners volition endure announced at the festival alongside the tiptop squad existence awarded the chance for incubation at the premises of either MTN Solution Space inwards Cape Town, or at 1 of ix Jumia offices across the continent.
MTN Solution Space:
Winners volition have incubation from the MTN Solution Space for iii months alongside access to resources, networks as well as facilities. This includes the alternative to extend for an additional ix months based on commutation milestones agreed.
Jumia:
Opportunity to travel from 1 of Jumia’s offices across Africa inwards the next cities: Cairo, Egypt; Accra, Ghana; Nairobi, Kenya; Casablanca, Morocco; Lagos, Nigeria; Dakar, Senegal, Kigali, Rwanda as well as Dar Es Salaam, Tanzania.
GetSmarter:
GetSmarter, South Africa’s tiptop online learning institution, volition endure awarding the tiptop twenty students a UCT or UCT GSB online curt course.
Facebook:
Benefit from the Facebook Start Program as well as have upward to $15,000 worth of tools as well as services needed to construct your mobile application.
Method of Application
HOW TO SUBMIT YOUR IDEA
Please banking concern annotation that the Application, Executive Summary as well as Video Pitch (optional, exactly highly encouraged) must endure completed no afterward than 23:59 pm GMT, Sunday, March 27, 2016. To outset your application, see the Application Page of MTN Entrepreneurship Challenge.
It is of import to see the official website (link to it is below) for consummate data on this competition.
DEADLINES:
Applications opened on Feb 15th 2016, as well as volition unopen on March 27th 2016
PLEASE NOTE:
The MTN Entrepreneurship Challenge powered past times Jumia was born out of the wishing to contribute to edifice a stronger as well as to a greater extent than sustainable concern surroundings inwards Africa as well as to boost the entrepreneurial spirit of Africa.
It is a Pan-African challenge as well as invites teams from across the continent to compete for over $75 000 inwards prizes, including investment, cash as well as in-kind awards. Teams volition accept the chance to come across as well as network alongside early on phase investors, experienced concern professionals as well as successful entrepreneurs who volition serve every bit judges.
Application Deadline: 27 March 2016
Open to International Applicants: No (ONLY Africans)
More Scholarship Information as well as Application
Related: Scholarships inwards Africa for International Students
Contest(s) Offered: Business ideas
Contest Level: Entrepreneurs, Students, Investors
Provider: Jumia (also MTN, Facebook, GetSmarter)
Country to Contest in: African countries
Scholarship Description
Are you lot an entrepreneur? Do you lot accept a concern idea? Apply to the MTN Entrepreneurship Challenge past times Jumia, a contest giving teams the chance to win over $75,000 inwards prizes, including investment, cash, as well as in-kind awards.
Teams volition also accept the chance to come across as well as network alongside early on phase investors, experienced concern professionals as well as successful entrepreneurs who volition serve every bit judges for the competition.
The Pan-African contest is bringing together over 1000 entrepreneurs, students as well as investors, to collaborate on ways to amplify as well as consolidate the continent’s entrepreneurs. Targeting to a greater extent than than lx universities inwards xiii countries across Africa, the contest volition challenge students to railroad train a unique digital application or smart solution that volition solve a tangible work faced on the continent.
Eligibility
Teams may endure comprised of 2 or iii individuals alongside at to the lowest degree 1 fellow member currently enrolled at inwards an African academy or a recent graduate (Academic yr 2014 – 2015 or 2015 – 2016) of an African university.
Evaluation Criteria:
The review squad (encompassing campus captains as well as alternative committee) volition endure evaluating applications according to 4 original areas (which are underpinned alongside to a greater extent than specific criteria). Particularly, participating teams should brand certain that their concern plans will: agree to African market, endure operationally feasible, endure innovative as well as incorporate relevant financials.
The full general assessment system tin endure works life below:
1). Formal Requirements
- Executive Summary (2pages)
- Financial Statement (proforma, basic information)
- In Line alongside the Subject
- Need Identification (You must Clearly nation a problem, which you lot are hoping to solve)
- Solution (Well-defined solution every bit an answer to previously identified problem)
- Monetization (You should illustrate your pathway to monetizing the proposed solution)
- Fit to African Market (external analysis)
- Macro Trends – Environment
- Competitive Landscape
- Operational Feasibility (internal analysis)
- Internal Competencies
- Management Team
- Innovativeness
- Novelty Aspect (Clear suggestion of breakthrough innovation)
- Added Value (Presentation of a clear path to tangible value creation to customers thank you lot to suggested innovation)
- Societal Impact (strategy as well as operations aligned for responsible as well as sustainable business)
- Financials
- Income Sources (Identification of a way, inwards which a concern is going to generate money)
- Investment Ask (Accurate identification of fiscal needs & project design of utilizing potential funds)
- Time Management
- Design (Appropriate role of good & visuals)
- Delivery
Citizens of African countries
Areas of focus
Reflecting both the MTN Solution Space’s as well as Jumia’s passion for responsible e-business, the focus volition endure on sustainable as well as responsible digital solutions for the African market. The original criteria that volition endure evaluated are: Fit to African Market; Operational Feasibility; Innovation as well as Financials.
Contest duration
Campus Presentation, Live Pitches: Apr 1st – eighth 2016
Finalists Announced: Apr 16th 2016
Entrepreneurship Festival: May 27th 2016
Contest benefits/Prize
There volition endure cash prizes for the iii finalist teams, every bit good every bit a trip to Cape Town, South Africa to acquaint at the MTN Entrepreneurship Challenge powered past times Jumia Festival inwards May 2016.
The winners volition endure announced at the festival alongside the tiptop squad existence awarded the chance for incubation at the premises of either MTN Solution Space inwards Cape Town, or at 1 of ix Jumia offices across the continent.
MTN Solution Space:
Winners volition have incubation from the MTN Solution Space for iii months alongside access to resources, networks as well as facilities. This includes the alternative to extend for an additional ix months based on commutation milestones agreed.
Jumia:
Opportunity to travel from 1 of Jumia’s offices across Africa inwards the next cities: Cairo, Egypt; Accra, Ghana; Nairobi, Kenya; Casablanca, Morocco; Lagos, Nigeria; Dakar, Senegal, Kigali, Rwanda as well as Dar Es Salaam, Tanzania.
GetSmarter:
GetSmarter, South Africa’s tiptop online learning institution, volition endure awarding the tiptop twenty students a UCT or UCT GSB online curt course.
Facebook:
Benefit from the Facebook Start Program as well as have upward to $15,000 worth of tools as well as services needed to construct your mobile application.
Method of Application
HOW TO SUBMIT YOUR IDEA
Please banking concern annotation that the Application, Executive Summary as well as Video Pitch (optional, exactly highly encouraged) must endure completed no afterward than 23:59 pm GMT, Sunday, March 27, 2016. To outset your application, see the Application Page of MTN Entrepreneurship Challenge.
It is of import to see the official website (link to it is below) for consummate data on this competition.
DEADLINES:
Applications opened on Feb 15th 2016, as well as volition unopen on March 27th 2016
PLEASE NOTE:
The MTN Entrepreneurship Challenge powered past times Jumia was born out of the wishing to contribute to edifice a stronger as well as to a greater extent than sustainable concern surroundings inwards Africa as well as to boost the entrepreneurial spirit of Africa.
It is a Pan-African challenge as well as invites teams from across the continent to compete for over $75 000 inwards prizes, including investment, cash as well as in-kind awards. Teams volition accept the chance to come across as well as network alongside early on phase investors, experienced concern professionals as well as successful entrepreneurs who volition serve every bit judges.
Application Deadline: 27 March 2016
Open to International Applicants: No (ONLY Africans)
More Scholarship Information as well as Application
Related: Scholarships inwards Africa for International Students
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