Jack Ma Foundation’s Africa Netpreneure Initiative Begins Search For “Africa’s Business Heroes” To Win US$1.5 Million

Jack Ma Foundation’s Africa Netpreneure Initiatives flags its second edition of the philanthropic program in Africa “Africa’s Business Heroes” 2020 with a grant in money worth US$1.5 million.

The ANPI aims to give entrepreneurs across Africa a platform to develop their talent and business ideas, and inspire others to pursue entrepreneurship

In its second edition, Africa’s Business Heroes (ABH) prize competition will open applications in French and English, and award a pool of US$1.5 million in grant money to ten finalists.

Open to entrepreneurs across all sectors and African countries, ABH has a special focus on those building up their local communities and working to solve the most pressing problems.

“Africa’s Business Heroes” (ABH) prize competition with applications now open to African entrepreneurs from all 54 African countries, as well as every sector, age group, and gender. Applications will also now be available in both French and English.

The ABH prize competition and the show is organized by the Africa Netpreneur Prize Initiative (ANPI), the Jack Ma Foundation’s flagship philanthropic program in Africa.

ABH made its debut last year, and aims to identify, support and inspire the next generation of African entrepreneurs who are making difference in their local communities, working to solve the most pressing problems, and building a more sustainable and inclusive economy for the future.

How Jack Ma Foundation’s Africa Netpreneure Initiatives Works

Every year, ten finalists will be selected to compete in a finale pitch competition show that will be broadcast online and across the continent. At this year’s grand finale, all ten finalists will share a prize pool of US$1.5 million, up from $1 million last year, as well as gain access to the ANPI community of business leaders to leverage the community’s shared expertise, best practice, training and resources.

In 2019, the prize received nearly 10,000 applications from 50 African countries. The 2019 top ten finalists pitched their business ideas to a prominent judging panel during a televised grand-finale show in Accra, Ghana. The finalists represented a variety of industries – including cloud kitchens, tech agribusiness, healthcare and pharma, e-commerce, consumer goods, and water supply solutions.

“It was an incredible honour to be named Africa’s Business Hero last year. The Prize enabled me to expand to multiple states in Nigeria and become a truly pan-Nigerian business, and I was truly inspired by my experience and by all my fellow winners. I am looking forward to serving as an Ambassador for this year’s prize and to seeing the next group of entrepreneurs come forward to showcase the best of Africa’s entrepreneurial spirit and strength,” said Temie Giwa-Tubosun, founder and CEO,  LifeBank.

“We find ourselves in unprecedented and extraordinary times. Now, more than ever, we need entrepreneurs with courage, initiative, and vision to do what they do best – solve problems for society. With this prize competition, we are looking to inspire and reward African business heroes in all sectors and encourage any aspiring applicants to seize this opportunity to break through barriers and create hope for the future,” said Jason Pau, Senior Advisor for International Programs, Jack Ma Foundation.

Speaking on the development, the Global leaders Graca Machel, Chair of the Graca Machel Trust Board and Ban Ki-moon, Former UN Secretary-General and Co-chair of the Ban Ki-moon Centre for Global Citizens serve on the ANPI advisory board. Over a ten-year period, the ANPI will recognize 100 African entrepreneurs and commit to allocating US$100 million in grant funding, training programs, and support for the broad African entrepreneurial ecosystem.

This year, ANPI will work with a select group of Anchor Partners, including Ashesi, Dalberg, Janngo and RiseUp to identify and support African entrepreneurs. ANPI will also partner with Pulse. Africa to highlight stories of African entrepreneur heroes. More partners will be announced in due course. In addition, Anita Erskine, UN SDG Advocate and Founder of the STEM Woman Project join ANPI to serve as the official host of “Africa’s Business Heroes” program and Brand Ambassador.

Her advocacy for social good reflects the boldness, creativity and strength that the Prize will be looking
for in their entrepreneur heroes.

Appliacation Starting Date

Applications will be open online from April 6th to June 9th 2020 with semi-finalists announced in August.