Tuesday, 1 March 2016

Win $25,000 in The MTN Entrepreneurship Challenge powered by Jumia





TYPE OF CONTEST: Idea Contest
BRIEF DESCRIPTION: The MTN Entrepreneurship Challenge powered by Jumia was born out of the desire to contribute to building a stronger and more sustainable business environment in Africa and to boost the entrepreneurial spirit of Africa.
It is a Pan-African challenge and invites teams from across the continent to compete for over $75 000 in prizes, including investment, cash and in-kind awards. Teams will have the opportunity to meet and network with early stage investors, experienced business professionals and successful entrepreneurs who will serve as judges.
ELIGIBILITY: Teams may be comprised of 2 or 3 individuals with at least one member currently enrolled at in an African university or a recent graduate (Academic year 2014 - 2015 or 2015 – 2016) of an African university.


RULES AND REGULATIONS: Full rules and regulations can be found here


PRIZE:

The winner of the MTN Entrepreneurship Challenge powered by Jumia will win a cash prize of $25,000towards their start-up, and will also benefit from a yearlong partnership with Jumia, where they will have the opportunity to work from any of JUMIA’s offices across Africa. This will enable the winner to learn from, and be mentored by experienced and successful entrepreneurs in the JUMIA network. The winner will also have access to a Facebook Start Program to the value of $15,000, which includes tools and services needed to build mobile applications. In addition, they will have the opportunity to work from the MTN Solution Space at the University of Cape Town’s Graduate School of Business.
The two runners-up will each receive US $5,000 towards their projects.
The finalists will be announced on April 16, 2016 and as part of this achievement, the successful teams will get the opportunity to attend the Entrepreneurship festival, hosted at the University of Cape Town Graduate School of Business in South Africa on May 27, 2016. The festival, aims to facilitate the collaboration of over a thousand attendees with prominent and innovative speakers and workshop experts from across the world. Finalists will pitch their business to a room of successful entrepreneurs, business leaders, judges, investors and international media, after which the winner of the challenge will be announced.


HOW TO APPLY: The MTN EC BY JUMIA uses the Website application platform to manage applications. To enter, the designated team leader should complete the online enrollment form found athttp://www.gsb.uct.ac.za/MTNECbyJumiaApply


DEADLINE: March 27, 2016

MORE INFORMATION: For more information click here

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