The Africa Business Heroes Competition 2024 For Young African Entrepreneurs (1.5 Million USD In Grants)

Applications are now open for the 2024 Africa Business Heroes Competition. ABH aims to identify, support, and inspire the next generation of African entrepreneurs who are making an impact in their local communities, working to solve the most pressing problems, and building a more sustainable and inclusive economy for the future.

The initiative aims to be as inclusive as possible. Applications are open in English and French to entrepreneurs from all African countries, all sectors, and all ages who operate businesses formally registered and headquartered in an African country, and that have a 3 year-track record.

Eligibility Requirements

• You’re the founder or a co-founder.
• You’re an African citizen or the direct descendant (child/grand-child) of an African citizen.
• Your company is registered, headquartered and primarily in an African country.
• Your company has market traction and at least 3 years of revenue.

Benefits

• Grant funds of up to $300 000

The Top 10 finalists share a prize pool of $1.5 million in grants ranging from $100,000 to $300,000. The winner takes home $300,000; The 1st runner-up and 2nd runner-up take home $250,000 and $150,000 respectively. All other 7 finalists, take home $100,000. An additional $100,000 is allocated for global immersion training.

• Global recognition and exposure

ABH spotlights talented African entrepreneurs as finalists progress in the competition via press releases, social media, and news articles at every stage of the competition. We also provide significant exposure opportunities to the Top 10 finalists via extensive PR exposure and media coverage.

• Access to an exclusive & vibrant entrepreneurship community and network

Finalists join an exclusive community of some of the most impactful and successful entrepreneurs from across the continent. ABH organizes numerous online and offline networking opportunities where these entrepreneurs can connect and collaborate.

• Mentorship from business icons

The finalists are given access to mentorship opportunities with global business icons, investors, and business professionals both throughout the competition and afterward.

• Targeted and practical training programs

ABH community members are given access to a range of bespoke training programs including financial management, marketing insights, understanding IP law, and more. Finalists are also given the opportunity to access additional programs and services such as investment readiness and management training via our network of partners and judges.

• Insights into your business

Throughout the application process, we help our applicants strengthen their storytelling and pitching efforts via an introspective application process. Applicants are also given feedback at each stage of the competition, and they receive advice from numerous business professionals and seasoned entrepreneurs throughout the competition.

For More Information:

Visit the Official Webpage of the Africa Business Heroes Competition