XcelHERate Women Entrepreneurship Challenge 2023 (win up to $5,000) | APPLY NOW

This informs the public about the XcelHERate Women Entrepreneurship Challenge 2023. Details about the Program are given below.

XcelHERate Women Entrepreneurship Challenge 2023

About XcelHERate Women Entrepreneurship Challenge 2023

Women entrepreneurs are widely recognized as the prime movers of economic development; the people who translate ideas into action and support their communities. One definition of an entrepreneur is a person who has the ability to scan and identify opportunities in her environment, gather the resources necessary to take advantage of the opportunities and implement successful action to utilize the opportunities.

Bizzell, in partnership with the SNDBX, has developed the XcelHERate Entrepreneurship Challenge, to not only uplift and recognize women but also fuel the spirit of Kenyan women entrepreneurs and increase their impact on their communities. Women who are overcoming turbulent times by converting community challengers into real, viable business opportunities.

Program Details

Up-and-coming innovators will be identified and invited to participate in the challenge with the goal of receiving cash injections into their businesses to support their success and sustainability. The first and second runners-up will also get cash injections to expand their businesses. The prizes will include bootcamp-style business coaching for three months, mainstream media publicity, and business profiling opportunities.

Objectives

This Innovation Challenge is an exciting platform designed to foster Innovation and drive positive change

The Challenge objectives include:

Nurture, showcase and reward the entrepreneurial spirit in Women’s businesses in Kenya.

Upskill and educate young, innovative women-owned businesses and entrepreneurs in Kenya.

Entrench values of hard work, determination, resilience and passion in the Kenyan public, especially businesswomen.

Eligibility

The XcelHERate Entrepreneurship Challenge is designed for innovative Kenyan businesswomen who have overcome obstacles to transform their ideas into viable and sustainable businesses:

The qualifications include:

  • Ownership by Women (at least 51% ownership by a women/women)
  • Young women entrepreneurs – 18–35 years
  • Duly registered business with relevant documentation
  • Minimum Viable Product: The business should have a product or service with enough features to attract and retain customers. It should be beyond the conceptual stage and be in the market already.
  • Proof of Paying Customers
  • Must have an already existing business (at least 2 years)

XcelHERate Women Entrepreneurship Challenge 2023 Application

For those interested in XcelHERate Women Entrepreneurship Challenge 2023. Open this link to start the application process.

Application Deadline

  • The deadline for receipt of applications is 30 September 2023.

Open this link for more details about XcelHERate Women Entrepreneurship Challenge 2023.

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