Startups from across Africa can now apply for a chance to pitch to Aliababa’s Jack Ma.
The Jack Ma Foundation’s ‘African Business Heroes’ is back for its second edition, with local Egyptian partner RiseUp. Entrepreneurs from African countries, whose businesses have a track record of 3-year revenue-generation, can compete to become one of 10 finalists to pitch in front of Alibaba mogul Jack Ma himself, for a prize pool of $1.5 million.
Two Egyptian entrepreneurs were among the competition’s finalists in its first edition. Nawah Scientific’s Omar Sakr came in at second place, winning $150,000 in cash, while Mumm’s Waleed Abdelrahman won $65,000.
Applications are open until June 22nd. Semi-finalists will be announced in August, and the top ten finalists will be unveiled in September. In addition to the opportunity to pitch in the globally broadcast show and win the $300,000 1st prize, participants compete for the Global Immersion Program, which is held between San Francisco, Southeast Asia, and the Alibaba headquarters in Hangzhou.
The competition is part of the African Netpreneur Prize Initiative (ANPI), a ten-year philanthropic initiative spearheaded by the Jack Ma Foundation aimed at supporting and inspiring the next generation of African entrepreneurs to build a more sustainable and inclusive economy.
Register for the competition here.
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