Every year, the Anzisha Prize team goes in search of Africa's hidden job creators, and this year is no different. The Anzisha Prize are on a quest to discover entrepreneurs who have overcome the odds and are impacting their community positively.
If you are a young African Entrepreneur trying to grow a small business or have created something that provides you and your friends with an income, Anzisha Prize want your application. By applying, you have a chance to become a role model and inspire other young entrepreneurs to believe in the difference they can make in Africa with the right support.
My Scholarship Info knows of young people who have received this award, and we strongly encourage you to apply because you could be next! Would you mind sticking around as we explain how you can join Africa's leading youth entrepreneurs to become an Anzisha Prize Fellow 😊?
Below are some of the prizes and awards you will get if accepted into the program:
- Bi-annual cash stipends to eligible fellows in Year 1 and Year 3 of the fellowship.
- Short term educational opportunities, internships and specialised technical expert consultations. Fellows receive this award in Year 2 and Year 3.
- Job Creation Prize - awarded to the entrepreneur in Year 2 who has created the most job opportunities since joining the fellowship.
- Revenue Growth Prize - awarded to the entrepreneur in Year 2 with the highest business revenue growth since joining the fellowship.
- Storytelling Prize - awarded to the entrepreneur in Year 2 who has creatively communicated and distributed their entrepreneurship story through written, oral and visual storytelling.
- Integration systems and processes Prize - awarded to the entrepreneur in Year 2 who has effectively used systems and processes to advance their business model.
About the Anzisha Prize
This 30 seconds video below will give you insight into the program. Please watch
The Anzisha Prize is a venture building fellowship program that has successfully supported and championed very young entrepreneurs f¬or over ten years. The fellowship is a three-year program that celebrates and rewards business growth.
During the course of the three years, the program will track the performance of the business and the entrepreneur. Businesses that show exemplary growth and initiative are rewarded with benefits and services such as short courses, cloud services and cash stipends.
At the end of the second year, entrepreneurs will pitch their businesses and successes and stand a chance to win their share of prizes to the value of $140,000.
The Grand Prizes are split into 4 categories
- The Job Creation Prize
- Revenue Growth Prize
- Storytelling Prize
- Integrating Systems and Processes Prize
The fellows will graduate and join the Anzisha Prize alumni network at the end of the three-year fellowship.
About the Anzisha Program
The Anzisha Program is a partnership between African Leadership Academy and Mastercard Foundation that seeks to fundamentally and significantly increase the number of job generative entrepreneurs in Africa. The donors believe that a key to doing so is to test, implement and then share models that will help identify, train and connect high potential, very young entrepreneurs (15 to 22-year-olds) so that many more organisations have better collective success in creating a pipeline of entrepreneurs with the capabilities ¬for scale.
The Anzisha movement is a layered approach to servicing very young entrepreneurs on the African continent. Hence, they seek to use their various prizes, programs, resources, and the theory of change to catalyse the belief in very young entrepreneurs and create an ecosystem (parents, educators, policymakers and investors) that supports entrepreneurship as a viable ecosystem career choice.
- You must be between 15 and 22 years old with an ID document or Passport to present as evidence. Anyone born before September 1, 1998, or after August 31, 2006, will not be considered.
- You must be a national of an African country with a business based in Africa with an African customer/beneficiary base.
- Your idea must not be great to receive the prize – but you must have already started and been able to prove it! Get started now and ensure you have tangible results to share before you apply.
- Your business, invention or social project can be in any field or industry (science and technology, civil society, arts and culture, sports, etc.). Any kind of venture is welcome to apply.
- Individuals who apply must be one of the founding members of a business (An example could be, 2 or 3 co-founders who started the project together).
To be selected as one of the Anzisha ventures, your business or project will be judged on the following 5 criteria:
- Is your venture established with customers and beneficiaries, and are you offering value to them?
- Are you, the founder, leading and managing your venture?
- Is your venture demonstrating some impact already?
- Whether your venture is a for-profit business or cause-based, does it already earn revenues or already reach beneficiaries? Is there potential to increase revenues or beneficiary reach with Anzisha's support?
- Has your venture created jobs, and is there potential to create more high-quality jobs?
To be selected as one of the Anzisha Fellows, you must demonstrate two essential qualities:
- You are the leader of your venture, and you drive both venture strategy and operations.
- You spend at least 20 hours a week (or more) on your business and plan to continue to do so after selection.
Applications close November 31 2021.
How to Apply
Now that you know all that is required, please visit the official Anzisha Prize page to apply.