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  Entries are currently ongoing for the Africa Impact Challenge. If you run a tech-driven venture and you’re seeking quality training, interaction with forward-looking founders from across Africa, and funding for your enterprise, this is an opportunity you should consider taking advantage of.
Read more about Opportunities
Starting from its launch, the Africa Impact Challenge has trained over 500 startups and funded more than 80. This year, the leading teams from the program will receive up to $25,000 (Canadian Dollars) in grant funding or a simple agreement for future equity (SAFE). They will also enjoy an all-expense paid incubation at the University of Toronto, Canada.

Benefits

Top teams in the Africa Impact Challenge will benefit from the program in the following ways:
  • Receive a Simple Agreement for Future Equity (SAFE) worth $25,000 (Canadian Dollars) or as a non-dilutive grant of $10,000 (Canadian Dollars)
  • Get free incubation at the University of Toronto, Canada
  • Be mentored by startup experts
  • Have a path plotted that takes their solution deeper into their target market
Note: The pre-incubation period will last for between 6 and 8 weeks.
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Eligibility

Founders who wish to participate in this challenge must meet the following criteria:
  • Must be an African less than 39 years old
  • The solution proposed must be driven by technology
  • Must target non-consumption by increasing accessibility, affordability and adoption
  • The business model must be innovative and scalable
Register to attend the CN Business Mixer
Entries will close on April 15, 2023. If you would like to enter the African Impact Challenge 2023, you can do so HERE. Featured Image Source: Africa Impact Challenge – Facebook
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This article was first published on 8th April 2023 and updated on April 10th, 2023 at 10:14 am

ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

Comments (1)

One thought on “$25,000 In Funding on Offer in the African Impact Challenge 2023”

  • jerry

    This is an opportunity you should think about taking advantage of if you run a tech-driven business and are searching for high-quality training, interaction with forward-thinking founders from all across Africa, and finance for your business.

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