INDIAFRICA Business Venture Contest 2014
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Last Updated On : 22-01-2016 Posted By : Admin
Are you under 35 years of age and have a business or social venture idea that can create value and provide an impetus to the industrial or social sector in India and Africa? Participate in this contest to win attractive cash prizes and a chance get recognized at an international platform. Participating teams may have up to four members.
Theme
Entrepreneurial Solutions to Address Developmental Challenges.
Prize
- INDIAFRICA Cash Prizes of Rs. 50000* each for the Top 20 teams (10 each from Africa and India)
- Trip to Accra for the Finals for one member each from the Top 8 teams (4 each from Africa and India)
- Trip to Davos during the World Economic Forum Annual Meeting 2015 for one member each from the African and Indian teams winning Top Honours at the Finals in Accra, Ghana
- Two WOXSEN INDIAFRICA Prizes of Rs. 750,000 each for the First ranked teams from Africa and India from the Finals at Accra, Ghana
- Chance to win The Indian Angel Network INDIAFRICA Prize for one African or Indian team from among the Top 8 – Incubation, Mentoring and Equity Investment in the selected venture
- Chance to win The GSF India INDIAFRICA Prize for one African or Indian technologoy venture from among the Top 8 – for an Investment Committee (IC) review for its Accelerator Programme. If selected by the IC, the venture will receive equity investment and be part of a 10 week accelerator/mentor programme
- Selection for final round of interviews for the unique GSF Global and GSF Impact Accelerator Programmes for deserving African and Indian technology ventures
- The Villgro INDIAFRICA Prize for one or more Indian social impact ventures from among the Top 8 – for their Entrepreneur-in-Residence, Social Entrepreneur and Enterprise Development or incubation programmes. The winner(s) will receive intense support in establishing a viable social enterprise, benefitting from business mentorship and networking
- The africa.com INDIAFRICA Prizes for the top ranked Indian and African teams - US$ 1000 worth of website creation and web management services for one year
- 3-year subscription (worth US$2500) to the Oxford Business Group Online Library upon registration.
- The Said Business School INDIAFRICA Prizes - Delegate Badge for one African and one Indian venture to attend the Skoll World Forum 2015 at Oxford, United Kingdom
Timeline
Start date: 23 January 2014
End date: 15 April 2014
Entrepreneurial Solutions to Address Developmental Challenges
Your business venture/plan should focus on any of the following sectors:
- Creative Industry
- Cultural Industry
- Education
- Energy
- Food, Nutrition & Agriculture
- Healthcare
- Information & Communications Technology
- Skill Development
- Water
- Financial Inclusion
INDIAFRICA Business Venture Contest 2014
DeadlineClosed Eligibility Open to all African and Indian citizens under the age of 35 years.
Important Dates
- Monday, January 20: Announcement of the Grand Jury Panel
- Tuesday, April 15: Last date for submission of Executive Summary
- Wednesday, April 23: Last date for submission of Full Business Plan
- Monday, May 05: Announcement of top 20 teams
- Sunday, May 10: Mentoring of top 8 teams in preparation for the finals
- Thursday, June 05: Final presentations by top 8 teams at GIMPA, Accra, Ghana
The Venture
- Submitted ventures should plan to be financially sustainable and/or profitable; self sufficiency on earned revenue will be a key criterion for evaluation.
- Submitted ventures must be scalable in the long term. Scalability will take into account the potential for growth of the business, both financially and in its social impact.
- Operational “early stage” ventures should not have been in operation for more than 3 years (with the start of the venture marked by first income or first patent, whichever occurred earlier) as of April 10, 2013.
- Submitted ventures can not be wholly owned subsidiaries of existing entities (either for profit or non-profit)
- The business plan must include a financial analysis as well as a Social Impact Assessment (SIA) which includes DEFINITION of the Social Value Proposition; QUANTIFICATION of the top three social indicators; and MONETIZATION or Social Return on Investment (SROI) analysis.
Those unsure of their idea’s eligibility must contact the Organizing Committee for clarification.
The Team
- Your team must include an undergraduate/graduate student or someone who has completed their last degree not earlier than 31st December 2010, from any masters-level or post-graduate higher education program in any area of study in the world; the student must be actively involved in the venture (i.e., actively participating in development of the business plan or actively working on the business).
- Your team should include a statement in the business plan describing the graduate student/recent graduate’s level of involvement.
- The student or recent graduate must be the plan’s presenter (and must be available to answer judges’ questions regarding the business) in the final round of the competition.
- Teams are strongly encouraged to include at least one seasoned entrepreneur or professional with relevant skills and experience.
- Teams can have up to 4 members.
How can you apply? Executive Summary
- Send a separate Executive Summary not exceeding 4 pages plus 1 cover page.
- Times New Roman, 12 point, 1” margins all around, A-4 page. Name your file as: project name, team leader, school and Exec. Summary eg: columbus_arnold_WITS_ExecSummary
Contact Details
INDIAFRICA: A Shared Future c/o IdeaWorks Design & Strategy Pvt Ltd 609, Block-C, 6th floor Nirvana Courtyard South City-2 Sec-50 Gurgaon (HR) INDIA Pin-122 018 Tel: +91-012-44253501/02 Emaill: contact@indiafrica.inImportant Links
Original website This scholarship is closed for further applications. It is expected to be launched by June, 2024. You can follow this scholarship for further updates.
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