African Business Hero Grant for Young African Entrepreneurs is a grant for young African entrepreneurs who are making an impact in their areas, working to solve the most pressing problems, and building a more sustainable and inclusive economy for the future.

You can go through this article if you are interested in the grant as it contains all you need to know about the grant.

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About African Business Hero Grant for Young African Entrepreneurs

As a body, African Business Hero aims at identifying, supporting, and inspiring the next generation of African entrepreneurs who are making an impact in their local communities, working to solve the most pressing problems, and building a more sustainable and inclusive economy for the future.

The application is open to both English and French entrepreneurs from all African countries. It is also open to all sectors, and all ages who operate businesses formally registered and headquartered in an African country, and have a 3-year track record.

Ten finalists are selected every year to compete in the ABH grand finale pitch competition. the finalists also participate in a TV Show that will be broadcast online and across the continent.

The finalists fight for a piece of a grant fund of US $1.5 million.

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 further support them on their business journey.

BENEFITS of the Program

The following are the benefits of applying for the African Business Hero Grant for Young African Entrepreneurs:

1. Grant funds of up to $300 000
The top 10 finalists share a prize pool of $1.5 million in grants ranging from $100,000 to $300,000.

The first-prize winner takes home $300,000; The 2nd and 3rd prize winners take home $250,000 and $150,000 respectively.

All other 7 finalists, take home $100,000. An additional $100,000 is allocated for training.

2. 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 of the competition. They also provide significant exposure opportunities to the Top 10 finalists via Africa’s Business Heroes Show, which is distributed across 40+ African countries.
3. Access to an exclusive & vibrant entrepreneurship community and network
Finalists join an exclusive community of some of the most impactful and successful entrepreneurs from across the continent.
ABH organizes numerous online and offline networking opportunities where these entrepreneurs can connect and collaborate.
4. Mentorship from business icons
The finalists are given access to mentorship opportunities with global business icons, investors, and business professionals both throughout the competition and afterward.
5. Targeted and practical training programs
 ABH community members are given access to a range of bespoke training programs including financial management, marketing insights into their business example, understanding IP law, and more.
Finalists are also given the opportunity to access additional programs and services such as investment readiness and management training via our network of partners and judges.
6. Insights into your business
Throughout the application process, they help their 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.

How to Apply

Click here to apply. 

By: adminPosted on Categories : Categories : Business Planning

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