Info For Yous Africa Awards For Entrepreneurship For Africa-Based Entrepreneurs - Recognizing Together With Rewarding Africa’S Particular Entrepreneurs!

Africa Awards for Entrepreneurship (AAE)

Course(s) Offered: Entrepreneurship
Course Level: Leadership Awards
Provider: African Leadership Network
Country to Study in: Africa

Award Description
Are you lot a high performing African entrepreneur alongside a runway tape of concern excellence together with high social impact? Do you lot part our center belief that concern is evolution together with that entrepreneurship is the fundamental to Africa’s economical resurgence?

The Africa Awards for Entrepreneurship (AAE) recognize together with accolade special entrepreneurial leaders who serve equally utilization models to Africa’s aspiring entrepreneurs together with demonstrate concern excellence, excogitation together with profitability.

AAE was established inward 2007 to recognize concern leaders who demonstrate innovation, profitability together with concern excellence piece serving equally utilization models to inspire the side past times side generation of entrepreneurs.

Eligibility
The 2014 Africa Awards for Entrepreneurship is opened upward to Africa-based entrepreneurs alongside firms that are fully registered inward the continent together with that:
  • Have revenues of over USD 150,000 for social entrepreneurs together with over USD 500,000 for all other categories;
  • Have been profitable for the finally 2 consecutive years;
  • Are independent, that is, non a subsidiary of a unusual entity;
  • Are complimentary of legal actions.
Eligible groups
Citizens of African countries

Fields of study
Any splendid concern alongside a high social touching on together with related to development

Number of awards
For the 2014 AAE Programme, in that location are 5 (5) accolade categories which recognize entrepreneurs at unlike stages of the entrepreneurial cycle:
  • LIFETIME ACHIEVEMENT AWARD – Awarded to a senior African concern leader who has served equally an entrepreneurial paradigm for several decades together with has left an enduring legacy of success inward Africa;
  • TRANSFORMATIONAL BUSINESS AWARD – Awarded to a leading concern alongside revenues greater than USD fifty i M one thousand that has created pregnant socio-economic touching on inward Africa nether the direction of a notable concern leader;
  • OUTSTANDING MATURE BUSINESS AWARD – Influenza A virus subtype H5N1 USD 100,000 prize to an established fellowship led past times a rigid concern leader who has generated revenues betwixt USD 5 i M one thousand together with USD fifty million;
  • OUTSTANDING GROWING BUSINESS AWARD – Influenza A virus subtype H5N1 USD 50,000 prize to a immature remarkable African concern alongside revenues betwixt USD 500,000 together with USD 5 million;
  • OUTSTANDING SOCIAL ENTREPRENEUR AWARD – Influenza A virus subtype H5N1 USD 50,000 prize awarded to an arrangement that demonstrates outstanding excogitation together with entrepreneurship piece sustainably addressing the socioeconomic evolution of low-income communities inward Africa. To locomote eligible, the organisation, which may locomote structured equally a non-profit or for-profit must: stimulate got been founded or locomote currently run past times an African citizen; demonstrate annual revenues of betwixt USD 150,000 together with USD 2.5 i M one thousand inward the finally fiscal year; together with locomote primarily focused on social return.
Award benefits
Since its inception, AAE has attracted to a greater extent than than 7,000 applications from outstanding African businesses together with awarded prizes of over USD 1.6 i M one thousand to xxx leading African companies.

The AAE’s objectives are to:
  • Create a platform to spotlight together with celebrate concern excellence inward Africa
  • Build a rigid network of African entrepreneurs equally utilization models together with a origin of best practice
  • Promote entrepreneurship equally a driving forcefulness for Africa’s prosperity
  • Encourage aspiring entrepreneurs to comprehend the challenges together with rewards of entrepreneurship
  • Attract venture working capital alphabetic lineament inflows towards goodness businesses across the continent
Method of Application
Applications are done online. Please brand exactly i submission per applicant equally multiple entries volition non growth your chances of winning. The online shape is designed to convey no to a greater extent than than xxx minutes to produce total completely.

Note that incomplete submissions cannot locomote accepted. Please transportation whatever questions most the application to aae@africanleadershipnetwork.com

Selection Process:
Nominees volition locomote selected through a rigorous together with transparent choice process. Influenza A virus subtype H5N1 vetting squad of concern analysts, auditors together with marketplace together with sector experts volition review together with shortlist the most outstanding nominations across each of the 5 categories, considering the entrepreneur’s storey also equally fundamental functioning indicators of concern excellence.

The Finalists are judged past times an international panel of leading concern experts through interviews together with comprehensive reviews of fellowship reports based on the next criteria:
  • Sustainability together with innovation
  • Profitability together with growth
  • Long-term concern strategy
  • Leadership, civilisation together with values
  • Investment inward employees
  • Social together with economical touching on on communities
No fiscal information on the selected companies volition locomote divulged without the companies’ consent. The decisions of AAE alongside abide by to all aspects of the choice procedure are finally together with binding on all applicants without the correct to appeal.

Application Forms:
DEADLINES:
The deadline engagement has non yet been specified; however, applications are currently existence accepted.

PLEASE NOTE:
The anchor sponsor for the AAE is Omidyar Network, a philanthropic investment theatre dedicated to harnessing the might of markets to produce opportunities for people to better their lives. Established inward 2004 past times eBay founder Pierre Omidyar together with his married adult woman Pam, the organization invests inward together with helps scale innovative organisations to catalyse economical together with social change. As of Feb 2014, Omidyar Network has committed to a greater extent than than $676 i M one thousand to for-profit companies together with nonprofit organisations that foster economical advancement together with encourage private participation across multiple initiatives, including Consumer Internet & Mobile, Education, Financial Inclusion, Government Transparency together with Property Rights.

Part of the ELMA Group of Foundations, the ELMA Growth Foundation invests exactly inward Africa inward the growth or expansion of initiatives focused on the economical together with social evolution of low-income individuals, families together with communities.

Application Deadline: soundless ongoing
Open for International Students: No(ONLY Africans)

More Scholarship Information together with Application
More Scholarship Information together with Application(AAE page)

Related: Microsoft 4Afrika Scholarship Program for African Students
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