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 $25,000 to fund his or her business idea. Application is from now until the very last day of the Challenge on February 16th, 2018.
The McDan Entrepreneurship Challenge is seeking to promote entrepreneurship among the youth in the country through idea development, training, mentoring through to project implementation. The Challenge will see the maximum of fifty (50) young people between the ages of 16 and 29 selected from all regions in Ghana to compete for up to US$ 100, 000 for a period of three (3) calendar months.
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.
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.
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Apply to the Africa Young Innovators for Health Award & Win US$40,000
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?
- 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.
- 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.
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.
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.
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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