SME’s Award Tech Start-ups To Benefit

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Awards are now flowing in, may be the tech start-ups will benefit….. here is the announcement.

Applications are now being accepted for the 2010 Legatum
Africa Awards for Entrepreneurship.   With prize money of USD 350,000, the
2010 Legatum Africa Awards for Entrepreneurship will continue the tradition
of recognizing and rewarding the very best examples of small and
medium-sized businesses, and spotlighting the continent¹s most inspiring
business leaders.

This year we are looking for online applications from Botswana, Cameroon,
Cote D¹Ivoire, Ethiopia, Ghana, Kenya, Mozambique, Namibia, Nigeria, Rwanda, Sierra Leone, South Africa, Tanzania, Uganda and Zambia. The application form and more details of the program are available at www.africaawards.com.

A Grand Prize of USD 100,000 and five runners-up prizes of USD 50,000 each will be awarded at a Gala Awards Banquet taking place in Accra in early
December 2010.

Winners will be selected on their ability to operate truly sustainable and
innovative businesses and demonstrated excellence in:

€Creating value for owners/shareholders
€Long-term business strategy
€Innovative and effective market strategies
€Leadership, culture and values
€Investment in their employees

The competition is open to all businesses that have had a for-profit entity
in existence for three years or more; located in one of the designated 15
countries; and with annual revenues of between US$2 ­20 million.
Applications will close on August 31st, 2010.

3 COMMENTS

  1. This cannot be a competition for startups. How many startups can meet the eligibility of 20+ staff and profitability of more than 2 million dollars?

  2. Good to see such kind of awards in Africa but I also think the bar is raised too high. I know tech startups can be as huge as twitter but in African context what people call tech startups are practically not making a lot of money. Seriously $2 million basically mean something close to Ksh.160,000,000 and how many startups in Kenya can talk of such revenue. I bet the only ones which qualify for that are the likes of Access Kenya, Wananchi Online, KDN. Basically meaning the awards will go to established companies although they can still be considered start-ups.

    The day people will agree to fund the ideas and startups which are at their very early stages in Africa , is the day entrepreneurship will start having firm grip. It is the day will start seeing the benefit of being an entrepreneur and more so for the young generation who want to do it a clean way.

    Look at Maduqa.com for example, i look at the requirements and all the others are within reach except for the revenues

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