Connect with us

Opportunities

Apply to the $100,000 McDan Entrepreneurship Challenge for Ghanaian Startups

MCDAN ENTREPRENEURSHIP CHALLENGE

Registration has opened for the maiden edition of the McDan Entrepreneurship Challenge 2018. The reality television competition will see the ultimate winner walk away with funding and mentoring support of $25,000 to fund his or her business idea. Application is from now until the very last day of the Challenge on February 16th, 2018.

APPLY TO THE MCDAN ENTREPRENEURSHIP CHALLENGE 2018

The McDan Entrepreneurship Challenge is seeking to promote entrepreneurship among the youth in the country through idea development, training, mentoring through to project implementation. The Challenge will see the maximum of fifty  (50) young people between the ages of 16 and 29 selected from all regions in Ghana to compete for up to US$ 100, 000 for a period of three (3) calendar months.

MCDAN ENTREPRENEURSHIP CHALLENGE

Who Qualifies to Participate?

The project will begin with calls for ideas from all over the country. Through a series of evaluation criteria, a maximum of five (5) individuals/groups will be selected for each tertiary institution in each region in the country. This will bring the initial number of selected candidates to 150 nationwide.

SEE ALSO |  Anzisha Prize: Nominate A Young Entrepreneur for A Share of US$100K

A group of consultants will meet the contestants on a zonal basis and select a total of fifty (50), that is, two (5) from the selected institution after interacting with them. The final fifty (50) will be housed for a period of ninety (90) days in Accra and shall receive training and mentoring, to develop their ideas into full projects.

The contestants will have the opportunity to pilot their projects on the small-scale basis under careful guidance. After careful evaluation of the projects, a panel of seasoned consultants will select the most viable project which shall receive funding up to US$100,000. The remaining team members will have the opportunity to present their projects to other investors for possible funding.

The McDan Entrepreneurship Challenge is being organized in collaboration with Today’s Entrepreneurs Network (TEN Ghana), who maintain that, youth unemployment remains the biggest national security threat to the  country  and the McDan Entrepreneurship Challenge is seeking to help empower the youth by creating their own jobs.

The Challenge will be aired on some selected television in Ghana which is intended to make it possible for the public to also participate and learn some entrepreneurial skills and project development.

SEE ALSO |  Apply to the Fully Funded Westerwelle Young Founders Programme for Entrepreneurs 2021

Do you have any African tech tip or news article for publication, send it to editor@thespiritedhub.com.

Follow #TSH on Facebook and Twitter for more trending news!

8 Comments

8 Comments

  1. Abdul mumin Lukman

    at

    A good initiative. I’m interested, how can I join the family of macdan group of companies

  2. Adu Nicholas

    at

    Please I want to know how to apply for this entrepreneur challenge this year 2019.

  3. Nicholas Adu

    at

    Please am into agric business and I want to apply for this challenge

  4. ABEL SEIDU

    at

    very good initiative kudos

  5. Please am a gradute studied entrepreneurship and fiancé as major at Kumasi technical university I want to investors to invest in my business how can I participate in this program

  6. Green Life Agro Plantations is in to agribusiness. We deal in agrochemicals and machinery, boots, fertilizers amonsgt others .

  7. Mercy

    at

    Good day please am Mercy a young entrepreneur CEO of ohemaa cosmetics and Detergents l also want to participate in the challenge

  8. Beautiful program but I think projects with enviromental and social positive objectives should be more considered. Also age should not be a factor since our culture makes it difficuilt for people to achieve their potentials at early ages. I wish i can show my Social enterprenuer eco project on your playform to educate more youth how to start a good social enterprenuer project. My project is registrted as Green Village. We do organic vegetables, tilapia and catfish farm. We also use plastic bittles for building for making raise up vegetable beds for raise up fish farm. We are serving more than 300 customers now.

Leave a Reply

Your email address will not be published. Required fields are marked *

two × two =

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 |  Black Ambition: Apply to the Pharrell Williams Initiative for High-Growth Startups & Compete for Up to $1M

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

Continue Reading

Got News for us?

Submit Press Release/News: Have you recently launched your startup, raised funding or any news about your company? Email us at editor@thespiritedhub.com. We will be happy to share your story with the world!

order now

happening in Africa