Anzisha Prize Offers $200,000 Fellowship Program for Exceptional Young Business Leaders

The Anzisha Prize, a prominent initiative aimed at nurturing and empowering young entrepreneurs across the African continent, has announced its fellowship program with a remarkable $200,000 grant. This initiative seeks to foster the growth of businesses led by driven young entrepreneurs from various African countries. The fellowship, spanning a duration of three years, is committed to propelling the advancement of these exceptional enterprises.

According to a document published, the Anzisha Prize fellowship program will provide a financial boost of $200,000 to support the expansion of businesses owned by young entrepreneurs. Beyond the monetary support, the program will also offer diligent oversight of both the business's progress and the entrepreneur's personal development.

Comprehensive Fellowship Details

The fellowship program is strategically designed for enterprises that demonstrate exceptional progress and a proactive approach to attaining benefits such as educational programs, cloud services, and financial allowances. Notably, at the end of the second year, entrepreneurs will have the opportunity to showcase their business achievements, competing for prizes totaling up to $50,000.

Fellows selected for the program will receive biannual monetary allowances throughout the course of their fellowship. Additionally, during the second and third years, eligible fellows will gain access to various benefits including short-term educational opportunities, internships, and specialized consultations with technical experts.

Grand Prizes and Recognition

A highlight of the fellowship is the grand prize, divided into four categories, which will be awarded in the second year:

- Job Creation Prize: Recognizing the entrepreneur who generates the highest number of job opportunities within the fellowship period.

- Revenue Growth Prize: Honoring the entrepreneur who achieves the most substantial growth in business revenue since joining the fellowship.

- Storytelling Prize: Presented to the entrepreneur who effectively conveys their entrepreneurial journey through written, verbal, and visual narratives.

- Integration Systems and Processes Prize: Awarded to the entrepreneur who adeptly applies acquired systems and processes to advance their business model.

Eligibility and Application

To be considered for the Anzisha Prize fellowship, applicants must meet certain criteria:

- Founders of the business, launched as co-founders (e.g., 2 or 3 co-founders).

- Age range between 15 and 22 years, with valid ID or Passport for verification.

- Nationality from an African country, with business operations centered in Africa.

- Existing, operational ventures; conceptual ideas or plans are not eligible.

- Readiness to take prompt action and present concrete outcomes during the application period.

Qualities of an Anzisha Fellow

Successful applicants will demonstrate two essential qualities:

- Leadership and Strategy:Founders must show active involvement in strategic direction and day-to-day operations.

- Time Commitment:A minimum of 20 hours per week dedicated to the business.

Evaluation Criteria

The Anzisha ventures will be evaluated based on the following criteria:

- Establishment and Value: Operational venture delivering value to customers and beneficiaries.

- Leadership: Active leadership and management by the founder.

- Impact: Demonstrated impact of the venture.

- Revenue Generation or Beneficiary Impact: Revenue generation or positive impact on recipients, with potential for growth.

- Job Creation Potential: Creation of jobs and potential for further employment opportunities.

To apply for this exceptional opportunity, visit this website before the deadline of September 7, 2023.