2023 Africa Business Heros (ABH) Prize Competition

Deadline: May 12, 2023

ABH aims to identify, support, and inspire the next generation of African entrepreneurs who are impacting their local communities, working to solve the most pressing problems and building a more sustainable and inclusive economy for the future.

The initiative aims to be as inclusive as possible. Applications are open in English and French to entrepreneurs from all African countries, all sectors, and all ages who operate businesses formally registered and headquartered in an African country with a 3-year track record.

Every year, ten finalists will be selected to compete in the ABH grand finale pitch competition and participate in a TV show broadcast online and across the continent. The finalists compete for a share of US $1.5 million in grant money.

All finalists also join an exclusive community of like-minded entrepreneurs, business professionals, investors and mentors. In addition, they get access to training and networking opportunities to support them on their business journey.

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Benefits

• Grant funds of up to $300 000 – Our Top 10 finalists share a prize pool of $1.5 million in grants ranging from $100,000 to $300,000. The first prize takes home $300,000; The 2nd and 3rd prize winners take home $250,000 and $150,000, respectively. All other seven finalists take home $100,000. An additional $100,000 is allocated for training.

• Access to an exclusive & vibrant entrepreneurship community and network – Finalists join an exclusive community of some of the most impactful and successful entrepreneurs across the continent. ABH organizes numerous online and offline networking opportunities where these entrepreneurs can connect and collaborate.
• Global recognition and exposure – ABH spotlights talented African entrepreneurs as finalists progress in the competition via press releases, social media, and news articles at every stage. We also provide significant exposure opportunities to the Top 10 finalists via Africa’s Business Heroes Show, distributed across 40+ African countries.
• Mentorship from business icons – Our finalists are given mentorship opportunities with global business icons, investors, and business professionals throughout the competition and afterwards.
• Targeted and practical training programs – ABH community members are given access to various bespoke training programs, including financial management, marketing insights into your business g, understanding IP law, and more. Finalists can also access additional programs and services, such as investment readiness and management training, via our network of partners and judges.
• Insights into your business – Throughout the application process, we help our applicants strengthen their storytelling and pitching efforts via an introspective application process. Applicants are also given feedback at each stage of the competition, and they receive advice from numerous business professionals and seasoned entrepreneurs throughout the competition.

Eligibility Criteria

• To apply for our competition, you should meet the following criteria:
• You’re the founder or a co-founder.
• You’re an African citizen or the direct descendant (child/grandchild) of an African citizen.
• Your company is registered, headquartered and primarily in an African country.
• Your company has market traction and at least three years of revenue.

Application Registration Deadline: 12th May 2023

To Apply: Click here

Official Website: Click here