Inspired by The Prosperity Paradox, it will be run in different African countries every year. Since launching, the challenge has trained over 500 early-stage African entrepreneurs and funded over 80 of them.
This year African Impact Initiative is in Africa. Top-performing teams will receive up to $25,000 in either grant funding or a simple agreement for future equity (SAFE) investment. They will also travel to Toronto for 3 months next summer, with all costs covered, to learn and expand their entrepreneurship network.
The target is to successfully kick-start innovations aligned with our selection criteria across the continent. African Impact Initiative does this by providing the capital, resources, and guidance necessary for early founders to (re)start from scratch, and build viable solutions in the market.
WORTH
- Capacity Building
- Incubation
- MVP Capital
- Mentorship
- Market Penetration
ELIGIBILITY
- Young Africans (under 39) who live in the countries of the given year’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.
- 2023 Stream 1: Ventures based in South Africa from any sector
- 2023 Stream 2: Ventures across Africa that enable positive health outcomes.
DEADLINE: April 15, 2023
To apply and for more information, apply here
