The “Africa’s Business Heroes” (ABH) Prize Competition, a philanthropic initiative sponsored by the Jack Ma Foundation and Alibaba Philanthropy, has launched its fifth annual edition and now calls for participation from Africa’s entrepreneurial talent.
The ABH Prize is part of the Jack Ma Foundation’s long-term commitment to helping support and foster an inclusive and strong entrepreneurial ecosystem in Africa.
Every year since 2019, ABH conducts a continent-wide search with its partners for 10 outstanding, mission-driven entrepreneurs that are striving to make a difference in their local communities. Over a 10-year period, ABH will recognize a total of 100 African entrepreneurs.
The ABH Prize Competition is Pan-African, inclusive, sector-agnostic and grassroots-oriented. Entrepreneurs from all 54 African countries, across every sector, gender and age group and all levels of society, are encouraged to submit their applications, in either English or French, for a chance to become one of the top 10 finalists to compete for a share of US$1.5 million in grant money.
At the Grand Finale to be held later this year, the 10 finalists will take the stage to present their businesses to a panel of legendary business people.
The journey to the finale will also include access to a community of international business leaders and innovators, industry experts, investors and accelerators, as well as multi-disciplinary bootcamps and training sessions to help the participating entrepreneurs take their businesses to the next level.
Apart from grants, mentorship and networking opportunities, ABH creates a television show every year which follows the finalists of the previous year on their exciting journey to the Grand Finale, featuring their on-stage pitches as well as behind-the-scenes moments.
READ ALSO - Apply for Google’s 3rd Cohort of Black Founders Fund for Startups in Africa and Europe
The ABH Show aims to provide a masterclass in entrepreneurship, as audiences can see first-hand how Africa’s top entrepreneurs refined their final pitches and faced challenging questions from the judges.
To date, over 72,000 entrepreneurs across the continent have participated in the ABH Prize Competition. The 10 outstanding finalists for 2022 were chosen from over 21,000 applicants from 54 African countries, representing a broad spectrum of industries including agriculture, consulting, energy environmental protection, healthcare, information and communication technology (ICT), and retail.
This year, ABH will be hosting in-person information sessions across the continent during the application period to facilitate the application process for interested entrepreneurs. Sessions will be held in Ethiopia, Ghana, Côte d’Ivoire, Kenya, Morocco, Nigeria, Senegal, South Africa and Uganda in partnership with various local entrepreneur organizations and ABH local connect leads.
Applications are now open online until May 12, 2023, with the top 50 candidates announced in July, semi-finalists announced in August and the top 10 finalists unveiled in September.
To apply and for more information about ABH Prize 2023, please visit here.
Subscribe to our mailing list