Applications opened for Jack Ma’s US$10 Million Africa Netpreneur Prize Initiative
04-04-2019 06:07:18 | by: Nixon Kanali | hits: 3646 | Tags:

The Africa Netpreneur Prize Initiative (ANPI) has officially opened applications for African entrepreneurs from all countries, sectors and age groups.

ANPI is a  US$10 million Prize competition for African entrepreneurs, founded by the Jack Ma Foundation in August 2018 to recognize 100 African entrepreneurs over the next 10 years.

The Prize aims to support and inspire the next generation of entrepreneurs who are building a more sustainable and inclusive economy for the future. Every year, 10 finalists will be selected to compete in a finale pitch competition that will be broadcast across the continent.

All ten finalists will gain access to the Netpreneur community of African business leaders to leverage the community’s shared expertise, best practice and resources.

Alibaba Group Executive Chairman Jack Ma first created the prize after he made his first trip to Africa in July 2017 and was inspired by the energy and entrepreneurial potential of the young people he met. The Prize is open to entrepreneurs from all industries, and Ma especially encouraged those running small businesses, those making a difference in their local communities and female entrepreneurs to apply.

Global leaders Graca Machel and Ban Ki-moon serve on the ANPI advisory board. The Jack Ma Foundation has teamed up regional partners Nailab, 22 on Sloane, Nine, and Rise Up to promote the Prize in their respective regions.

Africa Netpreneur Prize Initiative is the second initiative launched by Jack Ma to support African entrepreneurs. In 2017, Alibaba Business School and UNCTAD announced the eFounders Fellowship Initiative, a program that will train 1,000 entrepreneurs from emerging markets.  200 of the entrepreneurs will come from Africa, with the purpose of building a community of young entrepreneurs committed to creating digital platforms to build more inclusive economies.

Applications are open until June 30th 2019.