Applications open for Jack Ma’s $1.5 million Africa Netpreneur Prize

The Jack Ma Foundation has launched the 2020 edition of the Africa Netpreneur Price Initiative. The foundation said the applications are open to African tech startups and entrepreneurs to compete and access a US$1.5 million prize pool.

This 2nd edition of the competition will pick 10 finalists to share a prize pool of $1.5 million, up from $1 million in 2019.

The Africa Netpreneur Prize Initiative was launched by Alibaba founder Jack Ma in 2017 and aims to support the next generation of African entrepreneurs.

The application is available to both English and French-speaking countries, so all 54 African countries can apply. Applications will close June 9, with semi-finalists announced in August and the 10 finalists announced in September.

“We find ourselves in unprecedented and extraordinary times. Now, more than ever, we need entrepreneurs with courage, initiative, and vision to do what they do best – solve problems for society. With this prize competition, we are looking to inspire and reward African business heroes in all sectors and encourage any aspiring applicants to seize this opportunity to break through barriers and create hope for the future,” said Jason Pau, senior advisor for international programs at the Jack Ma Foundation. 

This year, the foundation will work with a selected group of Anchor Partners, including Ashesi, Dalberg, Janngo, and RiseUp to identify and support African entrepreneurs. 

Nigerian startup LifeBank, won the 1st edition of Africa Netpreneur Prize Initiative last year.

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