Competition in Entrepreneurship and Cash Prize up to $50,000 from VC4A 2023

VC4A is offering a competition for two entrepreneurs, one woman, and one man will each win 50,000 US Dollars for the most innovative and scalable business ventures. Ten finalists will benefit from a package of support to boost their business. 250 applicants will benefit from online trainingto strengthen their business plans.

50,000 US Dollars for the most innovative and scalable business ventures.

The entrepreneur applying must:

• be aged 18-35 on the day of submission to the competition
• hold nationality (with official ID) from any of the 54 nations of the African Union
• be the founder/co-founder of the enterprise he or she represents in the competition and play an active role in its operations and leadership
• have no criminal record related to corruption, tax evasion, financial impropriety, felony or other offense
• not be a previous GoGettaz finalist. (But if you made it to the semi finals previously you can compete again)

Their venture must:

• have its headquarters in one of the 54 countries of the African Union, and be officially registered by 1 August 2022
• be designed to be financially sustainable, either as a for-profit business or a market-based social venture
• generating revenue at least in part and aiming for non-donor-based sustainability
• play a role in the agri-food sector

Selection criteria:

• Innovation: What problem does your business solve for its customers? What is its solution? How is this unique or innovative?
• Market: Who are your customers? Who are your competitors? What is the market potential? What is your go-to-market plan?
• Business Model: How does your business generate revenue? How does it or will it achieve profit? What is your plan for scaling up your business?
• Impact: How does your business have a positive social or environmental impact? How are you minimizing your negative impacts?
• Team: Who is in your leadership team? What experience and expertise do they bring to the business?

About VC4A:

VC4A started with the mission to build up Africa’s start up community. Started in 2007, the network building organization has grown organically over the years into what is now the leading community working to build high growth high impact companies globally.

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