MTN Entrepreneurship Challenge powered by Jumia is organizing an innovative competition run by the Graduate School of Business at the University of Cape Town and Africa Internet Group. The competition spans across 13 African Countries (Botswana, Egypt, Ghana, Ivory Coast, Kenya, Morocco, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Zambia and Zimbabwe).
The competition will run in 4 phases as follows:
Phase 1: Current students and recent graduates of African universities submit their applications until Sunday, March 27, 2016.
Phase 2: Live pitches-Top 10-15 applicants in each country present their business to panel of judges
Phase 3: Selection Committee- Selects 3 Finalists across Africa
Phase 4: Entrepreneurship Festival-Finalists fly to Cape Town for Entrepreneurship Festival and pitch their business to an audience of International investors and successful business people.
The winner of the MTN Entrepreneurship Challenge will win a cash prize of $25 000 towards their start-up, and will receive a yearlong partnership with Jumia, where they will have the opportunity to work from any of Jumia’s offices across Africa.
The winner will also have access to a Facebook Start Programme 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 $5 000 towards their projects.
Applications for the first round of the multi-phased competition are open and will close on 27 March.
Aspiring entrepreneurs can enter in teams by logging onto http://www.gsb.uct.ac.za/MTNECbyjumia.