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RUFORUM Young African Entrepreneurs Competition

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  • RUFORUM invites young African entrepreneurs and incubates to compete for 10 awards to showcase their innovations, enterprises, business concepts and propositions.

Competition Overview

  • The primary purpose of this competition is to promote business innovation through entrepreneurship.
  • Through this competition, RUFORUM will provide seed funding to young entrepreneurs with creative and innovative business ideas, as well as foster a spirit of entrepreneurship among African youth.

Competition Aims

The aims of this competition are:-

  • To provide young entrepreneurs with the opportunity to showcase their businesses and share their development as an inspiration to other young African entrepreneurs
  • To bring collective action towards the provision of seed funding to young entrepreneurs through a transparent and competitive process
  • To provide a platform for young entrepreneurs to demonstrate their impact and also pitch their businesses to stakeholders and investors through capacity building opportunities
  • To create a network of young entrepreneurs across Africa who work together and share experiences that escalate youth contribution and job creation in Africa

Target Group

  • African youth between 16 and 34 years

What do the winners receive?

Each winner receives:

  • An all expenses paid trip (air ticket, conference registration, and hotel costs) for participation at the RUFORUM Biennial Conference in Nairobi, Kenya on the 22nd to 26th October, 2018
  • A cash prize

How many business enterprises will be selected?

  • 10

Am I Eligible to Apply?

Individuals and enterprises who meet the following criteria are invited to apply

  • Persons with an established business enterprise and/or those with innovations that can potentially be commercialized and/or those with business concepts
  • The potential enterprise/ business enterprise should have a defined business model that showcases the innovativeness of the proposed business/enterprise/innovation.
  • Persons aged 16-34 years

Note: All submissions should be in English or French, and done using the template provided

How Do I Apply – Next Steps

  • All applications should be submitted through the RUYAEC (young innovators) website.

Closing Date

  • 31 August, 2018

How do I get more information?

For more information on the competition, contact:

 

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