Friday, October 16, 2020

How To Apply For AEC Start Up Challenge 2020

The African Economic Congress Startup challenge is an international competition for African Startup entrepreneurs from all over the world organized by AEC in strategic partnerships with Ventures Park.

The AEC start up challenge aims to infuse a philosophy of innovation and nurture technology-Ied innovations to create jobs and improve livelihoods in Africa. The expected outcome of the competition is to select winning ideas that can lead to new products, programs, projects and processes and to engage young entrepreneurs eager to tackle the challenges they face as well as global challenges through ”smart solutions" that transform the economy of Africa and the world.

HOW IT WORKS FIRST ROUND

  • Submit a short summary of your startup idea and how you plan on being profitable directly to <b>[email protected]</b>
  • The experienced Ventures Park will review applications and the most promising ideas will enter the second round.
  • Make sure to watch out for valuable advice/hints on our social media pages. This will help you find your startup idea and make the best out of your application.

READ ALSO: Link To Apply For Nigeria Youth Investment Fund (NYIF)

SECOND ROUND

  • Teams that go through to this round will be asked to submit a more detailed executive summary of their business ideas. You will be guided by questions about your startup’s value proposition, pricing and sales strategy, financing plans and your visions for the future. All executive summaries will be evaluated by Ventures Park, Nigeria, who are founders with many years of experience in the startup world.

THIRD ROUND

  • The best 10 applicants will then enter the final round of the AEC startup challenge.
  • Each team will be provided with a personal mentor who will advise them on their final AEC pitch.
  • The final event will take place on the 3rd day of the congress. It will be packed with fascinating talks and workshops given by startup founders and entrepreneurship professionals and motivating startup pitches. Get the opportunity to meet inspiring entrepreneurs from all over the world and network with established accelerators and investors.
  • The final 10 teams have the chance to win boosting prize money as well as several other valuable resources.
  • Final Event: November 4, 2020, (virtual meeting)

READ ALSO: Link To Apply For Free Survivalfund CAC Business Registration

APPLICATION REQUIREMENTS

1. You can apply as an individual or as a team.

2. All members of your team who would attend the final event and pitch your idea must be enrolled at Ventures Park throughout the course of the competition (October November 2020).

3. Business ideas submitted to AECSC should not yet have generated revenue more than $20,000 p.a. If you would like to join the AEC startup challenge as a partner, get in touch with our team: <b>[email protected]</b>

For more information visit: The AEC website here

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