Alibaba’s Jack Ma Unveils $10M African ‘Netpreneur’ Prize [Video]

It is about to rain more opportunities for those who can dream within the digital business sphere. Thank you Jack Ma.  We want more.

Alibaba founder Jack Ma has established a new contest that will see African entrepreneurs compete for $10 million in funding, with the aim of supporting businesses that are growing the continent’s nascent digital economy.

Called the Jack Ma Foundation Netpreneur Prize, small businesses in Africa will vie for $1 million in prize money every year for the next decade, starting in 2019, a statement said. The Jack Ma Foundation will host an annual pitch competition, with all 10 finalists receiving grant funding and access to the Netpreneur community of African business leaders for mentorship and other resources.

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While the competition will be open to entrepreneurs in all industries, the prize will focus on internet-led businesses that help advance technology and innovation in Africa. Applicants must be African nationals leading mission-driven organizations, and the 10 finalists will be selected by a team of judges from five regions representing the entire continent. Applications for the first year open in January, with the finalist pitch competition broadcast on television and online in the second half of 2019.

Application

This is the link to track when application would open.

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