Entrepreneurs across Africa can now submit their applications to the Africa Netpreneur Prize Initiative (ANPI), a project that has set aside $10 million for businesses that are solving social issues in the community. The competition will also recognise up to 100 businesses across the continent for the next decade.
ANPI prize is set to inspire and motivate entrepreneurs who are creating sustainable solutions for an inclusive economy in the future. Each of the next 10 years will be select 10 top teams that will then pitch their ideas to a panel. The program will be broadcasted across the continent. The teams will have access to Netpreneur’s resources, including interactions with industry experts and leaders.
ANPI was launched in 2017 by Chinese billionaire and Ali Baba owner, Jack Ma. His goal was to encourage small businesses that are making a notable impact to society, and those groups have particularly been advised to apply and stand a chance to access the $10 million prize.
ANPI’s board includes 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. Jack Ma Foundation has also teamed up with Nailab, among other partners across Africa to help reach out to entrepreneurs at the grassroots.
“I especially encourage powerful women entrepreneurs to apply. It is up to you to be the heroes that will usher the continent into the next stage of development, growth and prosperity. Good luck to all applicants and I look forward to your contributions in taking Africa to higher heights,” notes Graca Machel.
“This is a unique prize that is looking to inspire and reward heroes in both technology-driven and traditional businesses. We hope that all of the applicants will be able to use this opportunity to break through the barriers that have been holding them back,” adds Nailab CEO Sam Gichuru.
Applications, which can be dropped here, will close on June 30.