If you are an African young entrepreneur, you are lucky to get this opportunity. The ACCEL Awards are here to give African entrepreneurs a platform to showcase their ideas, brands, and business on an international stage and the applications are open until January 31, 2019.
The ACCEL Awards is an annual business start-up contest organized by the London Business School’s Africa Club in collaboration with the Club Alumni and Corporate Partners including FTSE 100 companies, venture capital firms, entrepreneurship incubators, and media companies.
The ACCEL Awards is designed to recognize promising African start-ups and providing them with an international platform to promote their ideas, brands, and businesses.
Participants will benefit unparalleled International Exposure, Prestigious Brand Partnership., Global Business Mentoring and Network, Fully sponsored Trip to London and £15,000 in award prizes.
You need to be an African entrepreneur with a business proposal that has proof of concept. The business needs to be Africa focused or caters primarily to the African market.
Each entry will be assessed by a minimum of two judges based on the below 5 criteria.
The originality of idea: is the start-up a new or novel application of existing knowledge/technology/business model to the Africa region in focus?
High scores should be given to start-ups that are not clones of well-known business models already existing within the African region
A strength of business case: Is the founder able to articulate a strong business case including target market, pain points and how the start-up is differentiated?
Does the start-up have clear revenue models and path way to profitability?
High scores should be given to those applications that demonstrate a clear business plan to achieving a profitable business
Level of product development: Is the product or idea well developed and ready for investment opportunities? Do they have technology patents, rights, brand ownerships or partnerships already in place? Is the product already in the market? High scores should be given to those applications that demonstrate well-developed products or services that are already on sale
Level of business opportunity or impact: What is the level of potential social impact of the idea in Africa? What is the potential size of the market share and profitability
High scores should be given to those applications that demonstrate scalable social impact
Team’s ability to execute the idea and other Intangibles: Does the team have the right combination of passion? Insight? Experience? Qualifications? Do secondary aspects of the application strengthen the likelihood of success e.g. founder’s story?
• High scores should be given to those applications that demonstrate passionate teams with significant expertise in the relevant business sector.
Deadline is on January 31, 2019
Visit ACCEL AWARDS 2019 for more information.
Thank you for reading our stories!
Besides news and trends, Regionweek is a media created to serve African young professionals with information that they can put to work in their daily life. Would you like making money with a side hustle business that you can build in your spare time? Today you can learn how to earn extra money and grow meaningful businesses. Check ressources on: