Anzisha Prize 2023 for Young Entrepreneurs (Get up to $50,000 for your business)

The Anzisha Prize is Africa’s biggest award for her youngest entrepreneurs aged 15 – 22 years, and hands out over USD $200,000 every year in business support and prize money to very young entrepreneurs from all over the continent.

Over 200 extremely young entrepreneurs from all over the African continent have been sponsored and championed by the Anzisha Prize. They anticipate receiving your application for the 2023 cycle if you are a young African entrepreneur working to expand a small business or you’ve created something that earns money for you and your friends.

Program Information

For more than ten years, the Anzisha Prize has supported and promoted very young entrepreneurs with its venture building fellowship program. The three-year fellowship program honors and promotes entrepreneurship progress.

The program will monitor the progress of the company and the entrepreneur over the course of the three years. Businesses are recognized for their exceptional growth and initiative with perks and services including short courses, cloud services, and cash stipends.

At the conclusion of the second year, business owners will present their ventures and achievements for the chance to earn a portion of $50,000 in grand cash awards.

Four categories make up the Grand Prizes.

The Award for Job Creation
Prize for Revenue Growth
Award for Storytelling
Prize for Integrating Systems and Processes

The fellows will graduate at the end of the three-year fellowship and become part of the Anzisha Prize alumni network.

Prizes

Qualified fellows in years one and three of the fellowship will receive biannual financial stipends.
For qualified fellows in Years 2 and 3, there are short-term educational opportunities, internships, and consultations with specialized technical experts.
The Year 2 entrepreneur who has generated the most job opportunities since entering the fellowship will receive the Job Creation Prize.
The entrepreneur in Year 2 who has had the greatest increase in business revenue since beginning the fellowship will receive the Revenue Growth Prize.
The Year 2 entrepreneur who most effectively used written, oral, and visual storytelling to share their entrepreneurial journey will receive the Storytelling Prize.
Award given to the Year 2 entrepreneur who has successfully employed systems and processes to enhance their business model. Integration Systems and Processes Prize

Eligibility

To present evidence, you must be between the ages of 15 and 22 and have a valid ID or passport. We will not consider applicants who were born before September 1, 2000, or after August 31, 2007.
You must be an African national operating a company with clients or beneficiaries who are Africans.
You must have already begun and be able to demonstrate this in order to be considered for the Anzisha Prize. Start right away and make sure you have concrete outcomes to present before submissions are accepted.
Any industry or field is acceptable for your business, idea, or humanitarian activity (science and technology, civil society, arts and culture, sports, etc.). Ventures of all kinds are welcome to apply.
The applicant must be one of the company’s original founders (for example, 2 or 3 co-founders who started up the project together).

Judging Standards

Your company or project will be assessed against the following 5 standards in order to be chosen as one of the Anzisha ventures:

Is your business established with clients and beneficiaries, and do you provide them with value?
Are you, the founder, in charge of and running your business?
Has your business venture already shown some results?
Does your endeavor—regardless of whether it’s a for-profit company or one that supports a cause—currently generate income or benefit people? Does support from Anzisha have the potential to expand revenue or beneficiary reach?
Has your business produced jobs? Is there room for more high-quality jobs to be created?

In order to be chosen as an Anzisha Fellow, you must exhibit two crucial traits:

You serve as the venture’s manager and direct both strategy and operations.
You work on your business for at least 20 hours per week (or more) and intend to do so even after being chosen.