There has never been a better time to become an entrepreneur, especially in Africa. The opportunities are endless as the continent is full of problems that needs to be solved. As the great Entrepreneur and Angel Investors, Tomi Davies, mentioned on Episode 19 of Africans Building Africa Podcast “There are thousands of competitions running on the running to check the ideas out, as people recognize the youthfulness and the entrepreneurship spirit of Africa.“
I have put together two top competitions within the continent that I believe provide great seed funding for your idea as well as mentorship to take your business to the next stage.
- The Tony Elumelu Foundation
The Tony Elumelu Foundation Entrepreneurship Programme is founded by the entrepreneur, investor and philanthropist Tony O. Elumelu with a vision of creating 10,000 startups across Africa within the next 10 years.
The program provides:
- Startup Entreprise toolkit
- Resource library
- Seed Capital Funding ($5,000/entrepreneur)
Applications for this year is due by March 1st, 2017.
Click Here to access the Application or Learn more.
- African Entrepreneurship Award
The African Entrepreneurship Award offers a mentoring journey for business ideas that can impact lives in Africa. The goal of the Award is to inspire African Entrepreneurs to develop businesses across the continent which will create jobs and improve lives.
The Award partners with entrepreneurs, business leaders and leading academics from Africa, Asia, Americas, UK and Europe. These partners are mentors who provide coaching to African entrepreneurs at every step of this journey.
Here is the timeline of the Award headlines throughout the year:
The Award provides great mentorship opportunities including seed capital of $1 million across three categories: Education, the Environment and Uncharted areas – never been done before in Africa.
Click Here to access the Application or Learn More.