African Impact Challenge 2024 for Entrepreneurs (up to $25,000)

This informs the public about the African Impact Challenge 2024 for Entrepreneurs. Details about the Program are given below. Inspired by The Prosperity Paradox, AIC is run in different African countries every year. Since launching in 2020, we have built the capacity of 1000+ early-stage African entrepreneurs and funded over 100 of them.

African Impact Challenge for Entrepreneurs

This has happened in Ghana (2020), Kenya (2021), Rwanda (2022) and South Africa (2023). In 2022 we also launched our Pan-African Health Entrepreneurship Stream, which now runs annually with the support of Mastercard Foundation.

Program Details

Top-performing teams receive up to $25,000 in either grant funding or a simple agreement for future equity (SAFE) investment. They also travel to Toronto the following summer, with all costs covered, to learn and expand their entrepreneurship network.

Our target is to successfully kick-start innovations aligned with our selection criteria across the continent. We do this by helping participants to (re)start from scratch, and build or scale market-creating innovations.

Eligibility

  • Young Africans (under 39) who live in the countries of the given yearโ€™s challenge.

  • A desire to pursue impact-focused entrepreneurship as a means of livelihood.

  • A desire to solve critical problems with technology.

  • Full time commitment from the team building the venture.

  • 2024 Health Entrepreneurship Stream: Pan-African ventures enabling health outcomes.

  • 2024 Country Innovation Stream: Scalable ventures based in Botswana from any sector.

  • 2024 Community Impact Stream: Social enterprises or nonprofits based in Botswana.

SELECTION CRITERIA

  • You should be solving a pressing problem/challenge in your country, by providing a comprehensive solution with clearly defined job(s) to be done.

  • Your solution should be technology enabled in its creation and/or use.

  • Preference will be given to solutions that target non-consumption, by increasing adoption, accessibility and affordability.

  • Preference will be given to innovative business models that are scalable.

How to Apply

For those interested in the African Impact Challenge 2024 for Entrepreneurs. Open this linkย to start the application process.

Application Deadline

  • The deadline for receipt of applications isย 15 April 2024.

Openย this link for more details about the African Impact Challenge 2024 for Entrepreneurs.

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