Impact Entrepreneurship Competition 2022 for Ghanaian-owned entrepreneurs
The Impact Entrepreneurship Competition is a competition designed for entrepreneurs and early-stage companies generating a positive impact in Ghana’s economic, social and/or environmental sectors, contributing to sustainable development in the region.
Its mission is to recognize and support innovative and successful businesses making a positive impact on society in Ghana, strengthening the impact ecosystem in the country and bridging the gap between impact and profit.
The Impact Entrepreneurship Competition is supported by a group of entrepreneurs, investors, donors, institutions and entrepreneur support organizations. They are a group of local and foreign organizations that have come together to support early-stage companies in Ghana in becoming scalable and stronger ventures while generating a broader positive impact on society.
ELIGIBILITY CRITERIA
Any for-profit company registered in the African continent, that has:
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- a clear for-profit business model with potential for scale
- between 3 and 5 years of operations
- the ability to demonstrate positive social impact in Ghana (on rural, low-income, or disadvantaged communities)
- not raised more than USD500,000 in debt, grant, equity or other sorts of funding.
BENEFIT
Over 20,000.00USD in cash prizes and more than $5,000.00USD of in-kind prizes during the competition:
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- The winner will receive a grant of 15,000.00USD powered by Open Value Foundation
- An extraordinary 10,000.00USD will be awarded by Fundación Anesvad to a company working to improve the health and wellbeing of others, including businesses tackling environmental issues impacting people’s health
- Access to funding (grant)
- Access to global networks of investors, donors, and entrepreneur support organizations
- One-on-one investor-readiness advice
- Opportunity to pitch and get feedback from experts and investors
- Visibility
TIMELINE
October 10, 2022: Applications closes
How to Apply
If you check all criteria boxes, begin your application online before the Impact Entrepreneurship Competition closes on Monday, October 10, 2022