Why do entrepreneurs apply to competitions such as Orange Social Venture Prize? For the money; coaching; increase in reputation and credibility and of course a number of opportunities that may follow? Here’s another incredible opportunity to apply for Telecommunications giant Orange eighth Orange Social Venture Prize in Africa and the Middle East.
Applications, opened on 1 March and will close 31 May.
What Is It?
The Orange Social Venture Prize aims to reward innovation in information and communication technology — particularly in education, healthcare, agriculture, mobile payments and sustainable development — which improves the living conditions of people in Africa and the Middle East.
Orange Social Venture Prize applicants have to be over 21 years old and must be resident in one of 17 countries where Orange has subsidiaries
The prize, which was launched in 2011, has since its launch provided support to 20 projects.
“1,200 projects were submitted in 2017, a 60% increase over 2016. Support for talented startups is at the heart of Orange’s development strategy. With the Orange Social Venture Prize, we reaffirm our commitment to being a partner for the innovators working to improve daily life ever year,” said Bruno Mettling, Orange Middle East and Africa CEO said in a statement.
How Can I Apply?
To be eligible, applicants have to be over 21 years old.
The competition will start with a national phase during which each of the 17 participating Orange subsidiaries — namely Botswana, Cameroon, Côte d’Ivoire, Egypt, Guinea Bissau, Guinea Conakry, Madagascar, Mali, Morocco, Niger, Central African Republic, Democratic Republic of the Congo, Senegal, Tunisia, Jordan, Liberia, and Burkina-Faso — will assess the projects submitted and select three winners in their respective countries.
Thereafter, the 51 finalists will compete before an international panel of judges, which will then present the Orange Social Venture Prize to the three final winners at AfricaCom in Cape Town this November.
What’s In It For Me?
This are the prizes involved:
- 1st winner: €25 000
- 2nd Winner: €15 000
- 3rd Winner: €10 000
Plus six months of tailored support from startup incubation and financing experts.