African Impact Challenge for African Entrepreneurs 2024

  •  Course, Master
  •  15-Apr-2024
  •   Canada
  • $$  Varies

Inspired by The Prosperity Paradox, AIC is run in different African countries every year. In 2022 AIC launched the Pan-African Health Entrepreneurship Stream, which now runs annually with the support of Mastercard Foundation.

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 University of Toronto Entrepreneurship Accelerators (Health Innovation Hub (H2i), The Bridge, and I-Cube). It is supported by the Mastercard Foundation and the African Higher Education Health Collaborative

University of Toronto Information

University of Toronto Grants

African Impact Challenge for African Entrepreneurs 2024 Established in 1827, University of Toronto is a non-profit public higher education institution located in the urban setting of the large city of Toronto (population range of 1,000,000-5,000,000 inhabitants), Ontario. Officially accredited and/or recognized by the Ministry of Training, Colleges and Universities, Ontario, University of Toronto (UofT) is a very large (uniRank enrollment range: over-45,000 students) coeducational higher education institution. University of Toronto (UofT) offers courses and programs leading to officially recognized higher education degrees such as bachelor degrees, master degrees, doctorate degrees in several areas of study. See the uniRank degree levels and areas of study matrix below for further details. International applicants are eligible to apply for enrollment.

Eligibility Criteria

  • Young Africans (under 39) who live in the countries of the given year’s challenge.
  • A desire to pursue impact-focused entrepreneurship as a means of livelihood.
  • A desire to solve critical problems with technology.
  • Full time commitment from the team building the venture.
  • 2024  Health Entrepreneurship StreamPan-African ventures enabling health outcomes.
  • 2024 Country Innovation Stream: Scalable ventures based in Botswana from any sector.
  • 2024  Community Impact Stream: Social enterprises or nonprofits based in Botswana.

Offered Benefits

  • The top performing teams from pre-incubation will be interviewed and selected to proceed into incubation. Incubation begins in July, and the selected teams will receive funding and resources up to $ 25,000 CAD each to build their ventures. This is intended to cover pre-seed funding and technology resources.
  • A team member from each venture will also visit University of Toronto with travel and living costs covered for 3 months, to learn from Canada’s leading entrepreneurial and investment ecosystem as they build their venture.

Application Process

Go to African Impact Initiative on africanimpactintiative.typeform.com to apply
Apply Here
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