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The 11th Orange Social Venture Prize for Startups Launched! Win $25K

Orange Social Venture Prize

The Orange Group calls for submission of applications to the 11th edition of Orange Social Venture Prize in Africa and the Middle East (POESAM) from startups, to submit their projects until the 4th of June, 2021.

The Orange Social Venture Prize has since 2011 been awarded for innovative projects by startups, based on information and communication technologies that have a positive societal impact in Africa and the Middle East in the fields of education, healthcare, e-commerce and agriculture, or that help to meet sustainable development goals.

Through this prize, Orange, as a committed operator, seeks to contribute to the socio-economic development of Africa, support social and environmental innovation and encourage entrepreneurship.

Two Stages of the Orange Social Venture Prize

The competition involves two stages: a local phase that takes place between March and June in the 17 Orange subsidiaries. The countries then each choose three prize winners. During the second phase, the winners from each country are in competition with each other and an international jury consisting of representatives of the Orange start-up ecosystem meet to decide on the international POESAM prize winners.

Orange Social Venture Prize

In a press statement, Alioune Ndiaye, the CEO of Orange Middle East & Africa, noted that,

“Africa is undergoing major changes: rapid population growth, accelerating urbanisation, technological breakthroughs in mobile communication and mobile financial services, for example.”

Adding that these structural trends are creating major economic opportunities which mean we must innovate in response and thus build a more prosperous and inclusive continent. And admits that it is the continent’s young entrepreneurs who are better placed to meet these challenges.

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Benefits of the Prize

The International Grand Prizes are awarded to three prize winners from €10,000 to €25,000 and each includes several months of support from Orange experts to accelerate your business development.

Additionally, the Orange Group, in renewing its support for female entrepreneurship will again for the second year running award the International Women’s Prize launched in 2020 to a woman, or a startup project offering a technological solution to improve the living conditions of women. This prize is worth €20,000.

Commenting on the prize, Elizabeth Tchoungui, Orange Group Exe. Dir. CSR, Diversity and Philanthropy and Deputy Chair of the Orange Foundation, said,

“I am delighted that for the second year running the International Women’s Prize is supporting entrepreneurship for women and the promotion of initiatives that aim to improve the empowerment of women. Because helping a woman grow makes the world a better place.”

The prize, for Elizabeth, contributes towards the attainment of the tenth UN Sustainable Development Goal, which is “Reduced inequalities”, and this is something she reminds, they have been committed to.

SEE ALSO |  Application Open to Tech Startups Who've Raised Less than US$1M in the Seedstars EMA Challenge

Who qualifies to participate?

All applicants must meet these criteria to apply

The first national phase of the Orange Social Venture Prize will take place between June and August. Then the international competition runs from mid-September to mid-October, 2021. APPLY NOW and find more details about the Prize here.

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Opportunities

Apply to the Africa Young Innovators for Health Award & Win US$40,000

Africa Young Innovators for Health

Africa Young Innovators for Health Award have launched their maiden challenge designed to highlight and support the work of trailblazing young entrepreneurs developing health innovations on the continent. The deadline for submitting applications is the 31st of March, 2021.

Organizers of the Africa Young Innovators for Health Award want to, with this initiative, encourage business entrepreneurship and help advance promising health care solutions that support and empower healthcare workers – those on the frontline of delivering healthcare to communities.

They therefore look out for innovative healthcare solutions directed at supporting, protecting, and empowering healthcare workers through solutions such as training programmes, providing protective equipment or improving the quality of healthcare.

Who qualifies to apply?

  1. Interested persons wanting to apply must be between the ages of 18 and 35 at the time of submitting applications for the Award and must also be a citizen or resident of an African country.
  2. Successful applicants will have to demonstrate how their inventive healthcare solution is scalable, measurable and makes a lasting impact on healthcare workers.

How applications are evaluated

Applicants need to show their innovation is scalable, measurable, have a sustainable and positive impact on healthcare workers and that their innovation is commercially viable and at least at the proof of concept stage.

SEE ALSO |  Tony Elumelu Entrepreneurship Program Calls for Applications into 2021 Cohort

Submissions will be evaluated based on the following:

  • Innovation: The solution must have an innovative character, meaning it must break new ground and meet a challenge in its city, region or country.
  • Scalability: The applicant must show the innovation can be scaled up and used in a wider region of the country, neighboring countries or across the continent.
  • Impact: Your solution must show a measurable and sustainable impact on health. Importantly, the health solution needs to show not only that it supports, equips, protects and trains healthcare workers but that this is measurable and can be maintained and is therefore sustainable.
  • Commercial viability: The innovative solution must be commercially viable, so they have to see that it is a business proposition, that it can compete effectively with its competitors and make a profit.
Africa Young Innovators for Health

Benefits of the African Young Innovators for Health Award

Grand prize – $40,000

Second prize – $20,000

Third prize – $15,000

Participants will enter a 3-month Business Mentorship program from successful entrepreneurs.

If relevant, successful applicants will get technical support with Intellectual Property protection.

SEE ALSO |  Tony Elumelu FDN Accepts Application to 4th Cycle of $100M Programme from 1st Jan, 2018

You will gain exposure and recognition from global healthcare leaders and the public.

The Africa Young Innovators for Health award is ably supported by IFPMA, a research-based pharmaceutical companies and associations across the globe and SpeakUp Africa, a policy and advocacy action tank dedicated to catalysing leadership, enabling policy change, and increasing awareness for sustainable development in Africa. APPLY HERE

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