African Startups Invited to Compete in Harvard’s $55K New Venture Competition
African startups are being called to participate in the prestigious New Venture Competition, hosted by the Africa Business Club at Harvard Business School. This competition presents a unique opportunity for entrepreneurs to win up to $55,000 in cash prizes, providing a significant boost for ventures addressing critical challenges on the continent.
About the New Venture Competition
The competition is a key highlight of Harvard’s Africa Business Conference, scheduled for February in Boston. Organized by the student-run Africa Business Club, the event serves as a premier platform to celebrate African entrepreneurship while sparking meaningful discussions about the continent’s evolving business landscape.
Networking and Exposure for Finalists
Each year, the conference attracts a wide range of participants, including global investors, industry experts, and innovators, who are eager to explore Africa’s thriving startup ecosystem. This year, ten startups will be chosen as finalists. These selected startups will have the chance to present their business ideas to a panel of esteemed judges comprising investors, seasoned entrepreneurs, and industry leaders.
Cash Prizes and Global Feedback
The top finalists not only compete for up to $55,000 in cash prizes but also receive valuable feedback from a diverse panel of experts. This experience allows entrepreneurs to refine their strategies and gain critical insights, setting them up for future success. Additionally, the event provides exposure to a global audience, helping startups expand their reach beyond Africa.
Spotlight on Africa’s Growing Startup Ecosystem
Africa has experienced remarkable growth in startup activity, especially in sectors like fintech, e-commerce, healthcare, and renewable energy. This surge aligns with increasing venture capital interest, as investors recognize the continent’s potential for high-impact innovations and scalable solutions.
The New Venture Competition aims to further drive this momentum by showcasing Africa’s brightest entrepreneurial talent and encouraging investment in transformative ideas that can shape the future of the continent.
How to Apply
African startups with innovative solutions and ambitious goals are encouraged to apply for this prestigious competition. The deadline for applications is November 12. This is a unique opportunity to connect with a global network, gain expert insights, and compete for cash prizes that could significantly impact your business growth.
Interested startups can apply here