{"id":20232,"date":"2024-04-03T09:32:48","date_gmt":"2024-04-03T09:32:48","guid":{"rendered":"https:\/\/presspay.ng\/news\/?p=20232"},"modified":"2024-04-03T09:32:53","modified_gmt":"2024-04-03T09:32:53","slug":"african-impact-challenge-2024-for-early-stage-african-entrepreneurs-25000-cad-in-funding-and-fully-funded-to-toronto-canada","status":"publish","type":"post","link":"https:\/\/presspay.ng\/news\/african-impact-challenge-2024-for-early-stage-african-entrepreneurs-25000-cad-in-funding-and-fully-funded-to-toronto-canada\/","title":{"rendered":"African Impact Challenge 2024 for early-stage African entrepreneurs ($ 25,000 CAD in funding and Fully Funded to Toronto, Canada)"},"content":{"rendered":"\n<p>Inspired by\u00a0<a href=\"https:\/\/www.christenseninstitute.org\/books\/the-prosperity-paradox-how-innovation-can-lift-nations-out-of-poverty\/\">The Prosperity Paradox<\/a>, AIC is run in different African countries every year. In 2022 AIC launched the Pan-African\u00a0<a href=\"https:\/\/www.africanimpact.ca\/hent-challenge\">Health Entrepreneurship Stream<\/a>, which now runs annually with the support of Mastercard Foundation.<\/p>\n\n\n\n<p>Teams that meet the eligibility criteria will be selected for participation in a comprehensive training and mentorship program, with up to $25,000 CAD in funding for each top performing venture selected. Top teams will also travel to Toronto, Canada for 3-months with all costs covered, to learn and expand their entrepreneurship network. The HENT Challenge is run by the African Impact Initiative and the\u00a0<a href=\"https:\/\/entrepreneurs.utoronto.ca\/for-entrepreneurs\/u-of-t-accelerators\/\">University of Toronto Entrepreneurship<\/a>\u00a0Accelerators (<a href=\"https:\/\/h2i.utoronto.ca\/\">Health Innovation Hub (H2i)<\/a>,\u00a0<a href=\"https:\/\/www.utsc.utoronto.ca\/mgmt\/bridge-innovative-teaching-and-learning-space\">The Bridge<\/a>, and\u00a0<a href=\"https:\/\/icubeutm.ca\/\">I-Cube<\/a>). It is supported by the\u00a0<strong>Mastercard Foundation<\/strong>\u00a0and the\u00a0<strong>African Higher Education Health Collaborative<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Eligibility Criteria:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Young Africans (under 39) who\u00a0<em>live<\/em>\u00a0in the countries of the given year\u2019s challenge.<\/li>\n\n\n\n<li>A desire to pursue impact-focused entrepreneurship as a means of livelihood.<\/li>\n\n\n\n<li>A desire to solve critical problems with technology.<\/li>\n\n\n\n<li>Full time commitment from the team building the venture.<\/li>\n\n\n\n<li><em>2024\u00a0<\/em><a href=\"https:\/\/www.africanimpact.ca\/hent-challenge\"><em>Health Entrepreneurship Stream<\/em><\/a>:\u00a0<strong>Pan-African<\/strong>\u00a0ventures\u00a0<strong>enabling health outcomes<\/strong>.<\/li>\n\n\n\n<li><em>2024 Country Innovation Stream<\/em>: Scalable ventures based in\u00a0<strong>Botswana<\/strong>\u00a0from any sector.<\/li>\n\n\n\n<li><em>2024\u00a0<\/em><a href=\"https:\/\/www.africanimpact.ca\/rural-development-project\"><em>Community Impact Stream<\/em><\/a>: Social enterprises or nonprofits based in\u00a0<strong>Botswana<\/strong>.<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Eligibility Criteria:<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You should be\u00a0<strong>solving a pressing problem\/challenge\u00a0<\/strong>in your country, by providing a comprehensive solution with clearly defined\u00a0<a href=\"https:\/\/www.christenseninstitute.org\/jobs-to-be-done\/\"><strong>job(s) to be done<\/strong><\/a>.<\/li>\n\n\n\n<li>Your solution should\u00a0<strong>be technology enabled\u00a0<\/strong>in its creation and\/or use.<\/li>\n\n\n\n<li>Preference will be given to solutions that<strong>\u00a0<\/strong><a href=\"https:\/\/www.christenseninstitute.org\/blog\/non-consumption-is-your-fiercest-competition-and-its-winning\/\"><strong>target non-consumption<\/strong><\/a>, by increasing adoption, accessibility and affordability.<\/li>\n\n\n\n<li>Preference will be given to innovative business models that are\u00a0<strong>scalable.<\/strong><\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Benefits<\/strong>:<\/h3>\n","protected":false},"excerpt":{"rendered":"<p>Inspired by\u00a0The Prosperity Paradox, AIC is run in different African countries every year. In 2022 AIC launched the Pan-African\u00a0Health Entrepreneurship<\/p>\n","protected":false},"author":1,"featured_media":20233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[43],"tags":[],"class_list":["post-20232","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entrepreneurship"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>African Impact Challenge 2024 for early-stage African entrepreneurs ($ 25,000 CAD in funding and Fully Funded to Toronto, Canada) - PressPayNg Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/presspay.ng\/news\/african-impact-challenge-2024-for-early-stage-african-entrepreneurs-25000-cad-in-funding-and-fully-funded-to-toronto-canada\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"African Impact Challenge 2024 for early-stage African entrepreneurs ($ 25,000 CAD in funding and Fully Funded to Toronto, Canada) - PressPayNg Blog\" \/>\n<meta property=\"og:description\" content=\"Inspired by\u00a0The Prosperity Paradox, AIC is run in different African countries every year. 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