The application process for the Africa Netpreneur Prize Initiative run by the Jack Ma Foundation has opened to African entrepreneurs from all countries, sectors and age groups.
Disrupt Africa reported last August on the launch of the Netpreneur Prize, aimed at empowering a new generation of African entrepreneurs. The prize will see US$10 million in grant funding distributed by the Jack Ma Foundation to 100 entrepreneurs over the next 10 years.
The prize, for which applications are open until June 30, will each year select 10 finalists to compete in a pitch competition that will be broadcast across the continent. Each finalist will gain access to the Netpreneur community of African business leaders to leverage the community’s shared expertise, best practice and resources.
The Jack Ma Foundation has teamed up with regional partners, Nailab (continental and Eastern Africa), 22 on Sloane (South Africa), Nine (West Africa), and Rise Up (North Africa), to promote the prize in their respective regions. The partners will mobilise entrepreneurs across the continent through grassroots outreach.
Nailab founder and chief executive officer (CEO) Sam Gichuru called for applicants to consider a visionary approach towards creating all-inclusive solutions to the continent’s challenges.
“This is a unique prize that is looking to inspire and reward heroes in both technology-driven and traditional businesses. We hope that all of the applicants will be able to use this opportunity to break through the barriers that have been holding them back,” he said.