The Harvard Business School invites applications for their Africa Business Club New Venture Competition in 2019 and as part of the 21st Africa Business Conference, the Africa Business Club is set to host the all important competition. Deadline is the 30th of November, 2018.
The New Venture Competition as explained, has the aim of showcasing the diversity of entrepreneurs making a difference on the continent of Africa. The competition is assessing the commercial merit and potential viability of the proposed new ventures. Teams with better technology or have attracted ‘beta’ customers may have a chance of being success in this competition.
Organizers of this event also add that early stage ideas that have been well tested will received a great amount of consideration “based on their standalone potential” and the ability of the team to execute them.
The New Venture Competition by the HBS African Business Club is open to all African entrepreneurs with the goal of shaping Africa’s future. Therefore entrepreneurs who offer unique and outstanding homegrown solutions to local problems and meet the following eligibility criteria should apply immediately.
- You must be an EARLY STAGE STARTUP either profit or non-profit.
- Your business must be Africa focused and almost all your operations must be on the continent.
- Do you employ less than 50 people and in less than 5 years of operation?
- You must have raised less than $250,000 to date to be eligible to apply.
What is in this for entrepreneurs?
The 10 successful finalists will be invited to pitch their businesses to over 700 attendees and receive feedback from experienced panel of judges.
The ultimate winner receives $10,000 whiles the runner-up takes home $5,000.
The top 20 shortlisted ventures will also have the opportunity to showcase their companies at the Startup Fair to network and interact with the panelists and conference attendees.