$25,000 In Funding on Offer in the African Impact Challenge 2023

  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.

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Read more about Opportunities

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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

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Register to attend the CN Business Mixer

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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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