Netpreneur $10 Million Prize Competition Africa
By Freedom Eche February 2019
Billionaire Chinese Alibaba founder and CEO Jack Ma, is allocating $10 million of his considerable wealth towards a competition he created called ANPI (Africa Netpreneur Prize Initiative) through his Jack Ma foundation.
Submission of applications starts this year March 27th 2019, and for the next ten years applicants who enter stand the chance of winning a total of $1 million. The competition is open to African entrepreneurs across the continent. So imagine a 'Dragon's Den' meets 'Shark Tank' format where contestants pitch their innovations in front of a judging panel.
The ANPI prize competition is working in conjunction with Nailab, a Kenyan based startup incubator founded in 2010, and says that it's focus is "Empowering a new generation of entrepreneurs, with a focus on small businesses, grassroots communities and women-founded enterprises.
The Netpreneur Prize Initiative has brought together a strong ecosystem of players to support both technology-driven and traditional businesses. We look forward to unveiling the full slate of regional partners and to receiving applications from promising African entrepreneurs in the coming weeks,”- Sam Gichuru, Founder and CEO, Nailab.
In addition to the prize money, winners will be able to augment existing skills and knowledge through Netpreneur's network of business leaders and industry experts.
By 2030 the competition hopes that 100 new African entrepreneurs will have emerged as shining beacons of hope to inspire others within the continent.
The deadline for applications is June 30th 2019. The top 50 applicants will be announced in August 2019, the top 10 in October 2019 and then in November 2019, the top ten will
compete in front of Jack Ma and a judging panel for a share of the $1 million in prize money.