MTN PARTNERS WITH JUMAI TO LAUNCH FIRST OF ITS KIND ENTREPRENEURSHIP CHALLENGE ACROSS AFRICA
MTN, in partnership with the MTN Solution Space and Jumia , are proud to
announce the launch of the MTN Entrepreneurship Challenge powered by Jumia. The
Pan-African competition launching today, will be the first of its kind in
Africa, bringing together over 1000 entrepreneurs, students and investors, to
collaborate on ways to amplify and consolidate the continent’s entrepreneurs.
Targeting more than 60 universities in 13 countries across Africa, the competition
will challenge students to develop a unique digital application or smart
solution that will solve a tangible problem faced on the continent.
announce the launch of the MTN Entrepreneurship Challenge powered by Jumia. The
Pan-African competition launching today, will be the first of its kind in
Africa, bringing together over 1000 entrepreneurs, students and investors, to
collaborate on ways to amplify and consolidate the continent’s entrepreneurs.
Targeting more than 60 universities in 13 countries across Africa, the competition
will challenge students to develop a unique digital application or smart
solution that will solve a tangible problem faced on the continent.
“We are incredibly excited to partner with Jumia to launch the
entrepreneurship challenge. Africa is a continent of promise, and our aim with
the MTN Solution Space has always been to help fulfil this promise by
developing uniquely African solutions. We believe that the entrepreneurship
challenge is a key element of this. The response and willingness from
universities across Africa to collaborate on this initiative has been truly
remarkable and certainly exemplifies the impact of collective efforts to foster
entrepreneurship among our next generation of business leaders,” says
Sarah-Anne Arnold, Manager of the MTN Solution Space.
entrepreneurship challenge. Africa is a continent of promise, and our aim with
the MTN Solution Space has always been to help fulfil this promise by
developing uniquely African solutions. We believe that the entrepreneurship
challenge is a key element of this. The response and willingness from
universities across Africa to collaborate on this initiative has been truly
remarkable and certainly exemplifies the impact of collective efforts to foster
entrepreneurship among our next generation of business leaders,” says
Sarah-Anne Arnold, Manager of the MTN Solution Space.
MTN’s Group Chief Digital Officer, Herman Singh, says the company is proud
to both sponsor and endorse the initiative.
to both sponsor and endorse the initiative.
“The Entrepreneurship Challenge is strongly aligned to MTN’s own entrepreneurial
culture and history as well as our values as a business. We believe in the
inspiration of new business leaders in Africa and their enablement to success
will be key drivers for the future rapid evolution of a broader start-up
culture on the continent. This is an environment already teeming with excellent
potential and we hope to assist in accelerating its further growth and to raise
MTN’s role in creating new businesses in Africa,” says Singh.
culture and history as well as our values as a business. We believe in the
inspiration of new business leaders in Africa and their enablement to success
will be key drivers for the future rapid evolution of a broader start-up
culture on the continent. This is an environment already teeming with excellent
potential and we hope to assist in accelerating its further growth and to raise
MTN’s role in creating new businesses in Africa,” says Singh.
Applications for the first round of the multi-phased competition are open
from today and will close on 27 March 2016. Aspiring entrepreneurs from
participating universities can enter in teams by logging onto
www.gsb.uct.ac.za/MTNECbyJumia . All applications will be judged by campus
captains, who consist of successful entrepreneurs in their respective market.
Shortlisted teams will then move on to a live pitching phase at their selected
universities between 1-8 April 2016, after which the final five projects will
be selected to move through to the Semi-Final.
from today and will close on 27 March 2016. Aspiring entrepreneurs from
participating universities can enter in teams by logging onto
www.gsb.uct.ac.za/MTNECbyJumia . All applications will be judged by campus
captains, who consist of successful entrepreneurs in their respective market.
Shortlisted teams will then move on to a live pitching phase at their selected
universities between 1-8 April 2016, after which the final five projects will
be selected to move through to the Semi-Final.
The finalists will be announced on 16 April 2016, and as part of this
achievement, the successful teams will get the opportunity to attend the
Entrepreneurship festival, hosted at the University of Cape Town Graduate
School of Business in South Africa on May 27 2016. The festival, aims to
facilitate the collaboration of over a thousand attendees with prominent and
innovative speakers and workshop experts from across the world. Finalists will
have to pitch their business to a room of successful entrepreneurs, business
leaders, judges, investors and international media, after which the winner of
the challenge will be announced.
achievement, the successful teams will get the opportunity to attend the
Entrepreneurship festival, hosted at the University of Cape Town Graduate
School of Business in South Africa on May 27 2016. The festival, aims to
facilitate the collaboration of over a thousand attendees with prominent and
innovative speakers and workshop experts from across the world. Finalists will
have to pitch their business to a room of successful entrepreneurs, business
leaders, judges, investors and international media, after which the winner of
the challenge will be announced.
The winner of the MTN Entrepreneurship Challenge powered by Jumia will win
a cash prize of US $25 000 towards their start-up, and will also benefit from a
yearlong partnership with Jumia, where they will have the opportunity to work
from any of JUMIA’s offices across Africa. This will enable the winner to learn
from, and be mentored by experienced and successful entrepreneurs in the JUMIA
network. The winner will also have access to a Facebook Start Program to the
value of US $15 000, which includes tools and services needed to build mobile
applications. In addition, they will have the opportunity to work from the MTN
Solution Space at the University of Cape Town’s Graduate School of Business.
The two runners-up will each receive US $5 000 towards their projects.
a cash prize of US $25 000 towards their start-up, and will also benefit from a
yearlong partnership with Jumia, where they will have the opportunity to work
from any of JUMIA’s offices across Africa. This will enable the winner to learn
from, and be mentored by experienced and successful entrepreneurs in the JUMIA
network. The winner will also have access to a Facebook Start Program to the
value of US $15 000, which includes tools and services needed to build mobile
applications. In addition, they will have the opportunity to work from the MTN
Solution Space at the University of Cape Town’s Graduate School of Business.
The two runners-up will each receive US $5 000 towards their projects.
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