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Applications are open for the African Impact Challenge 2024 with streams in Botswana and the Health stream in Africa. Top performing teams receive up to $25,000 in either grant funding or a simple agreement for future equity (SAFE) investment.
Opportunity Details
The goal of the African Impact Challenge (AIC) is to build the Africa we want to see, by investing in our continent’s early innovators. We’ enable them to build market-creating innovations, which tackle their country’s biggest challenges with technology
Inspired by The Prosperity Paradox, AIC is run in different African countries every year. Since launching in 2020, we have built the capacity of 1000+ early-stage African entrepreneurs and funded over 100 of them. This has happened in Ghana (2020), Kenya (2021), Rwanda (2022) and South Africa (2023). In 2022 we also launched our Pan-African Health Entrepreneurship Stream, which now runs annually with the support of Mastercard Foundation.
Young Africans (under 39) who live in the countries of the given year’s challenge.
A desire to pursue impact-focused entrepreneurship as a means of livelihood.
A desire to solve critical problems with technology.
Full time commitment from the team building the venture.
2024 Health Entrepreneurship Stream: Pan-African ventures enabling health outcomes.
2024 Country Innovation Stream: Scalable ventures based in Botswana from any sector.
2024 Community Impact Stream: Social enterprises or nonprofits based in Botswana.
You should be solving a pressing problem/challenge in your country, by providing a comprehensive solution with clearly defined job(s) to be done.
Your solution should be technology enabled in its creation and/or use.
Preference will be given to solutions that target non-consumption, by increasing adoption, accessibility and affordability.
Preference will be given to innovative business models that are scalable.