The Africa Netpreneur Prize is an entrepreneurship Initiative by The Jack Ma Foundation set to run over the next 10 years. The program follows a commitment made by the Alibaba Executive Chairman, Mr Jack Ma during his first visit to Africa in 2017 where he experienced the power and energy of Africa’s young entrepreneurs first-hand.
About Africa Netpreneur Prize Initiative
The Africa Netpreneur Prize Initiative, designed by The Jack Ma Foundation, is designed to recognize and support the youthful generation of African entrepreneurs, through whom the continent can achieve inclusion and prosperity.
The foundation seeks to select 10 young leading netpreneurs annually who will share a prize pool of one million US dollars, according to their individual achievements. The total sum of reward goes up to $10 million for 10 years.
Echoing with the founder’s e-philosophy, the program seeks to support and fund African entrepreneurs that are working to tackle Africa’s challenges and further its digital economy through entrepreneurship. The program is also set to particularly focus on women empowerment and have a grassroots approach with the aim of advocating and encouraging the entrepreneurship spirit within young business leaders, striving to help build a youthful, digital and promising Africa.
- Young entrepreneurs
- Business must be registered in the country of operation in Africa
- Founders should be African nationals from any of the 54 African countries