Orange, one of the world’s leading telecommunication operators, has announced it is accepting applications for the 2016 edition of its Orange Social Venture Prize in Africa.
The competition, which has been extended to the Middle East and includes a Special Cultural Content Prize, is aimed at encouraging startups that use innovation to fuel development on the African continent.
The competition will see 3 top startups awarded with prizes of €25,000, €15,000 and €10,000 respectively while €5,000 will go to the winner of the Special Cultural Content Prize.
Also, 10 finalists and the winner of the “Entrepreneur Club’s choice” award will receive special support from the Grow Movement, a non-governmental organization, for 6 months.
The competition is opened to any entrepreneur of 21 years and older and any legal entity in existence for less than 3 years.
They are required to choose their favourite project on the new Orange portal for entrepreneurs in Africa and the Middle East. Applications will close on September 21, 2016.
The Orange Social Venture Prize showcases entrepreneurs offering innovative products and services meeting the health, agricultural, educational, energy, commercial or industrial needs of local communities.
In its 6 years of existence, the Orange Social Venture Prize has been exceedingly successful, with some 2,600 projects received. This strong turn-out by candidates illustrates the entrepreneurial dynamics and telecommunications potential of Africa.