Jack Ma Announces African Netpreneur Prize, Gives Local Entrepreneurs A Chance to Win $1 Million

The Jack Ma Foundation is calling on African entrepreneurs to pitch at the African Netpreneur Prize Initiative (ANPI) for a chance to win up to $1 million. Startups have until June 30 to apply. 

The prize aims to support and inspire the next generation of entrepreneurs who are building a more sustainable and inclusive economy for the future. Over the next 10 years, ANPI plans to award $10 million and recognise 100 African entrepreneurs. With the help of the Foundation's North African regional partner, RiseUp, each year, 10 finalists will be selected to compete in a finale pitch competition that will be broadcasted across the continent. All 10 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 programme 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, Chair of the Graca Machel Trust Board and Ban Ki-moon, Former UN Secretary-General and Co-chair of the Ban Ki-moon Centre for Global Citizens serve on the ANPI advisory board. 

To apply, click here.