India Africa Business Venture Contest

India Africa Business Venture Contest

Last date to apply

April 15, 2014

About India Africa Business Venture Contest

  • Indiafrica is organizing this business venture contest for students from India and Africa to showcase their entrepreneurial skills and ideas.
  • The theme of the contest: Entrepreneurial Solutions to Address Developmental Challenges

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India Africa Business Venture Contest Eligibility Criteria

Gender Both
Region India, Africa 
Class/ Age 18- 35 years 
Details
  • Open only for students enrolled in college or university
  • Entry is in teams. Team must include an undergraduate/graduate student or someone who has completed his/her last degree not earlier than 31st December 2010. This member of the team must be actively involved in the venture and should be the presenter if the team makes it to the Finals.
  • Teams are strongly encouraged to include at least one seasoned entrepreneur or professional with relevant skills and experience.
  • Teams can have up to 4 members 

India Africa Business Venture Contest Reward

  • INDIAFRICA Cash Prizes of Rs. 50000 each for the Top 20 teams (10 each from Africa and India)
  • Trip to Accra for the Finals for one member each from the Top 8 teams (4 each from Africa and India)
  • Trip to Davos during the World Economic Forum Annual Meeting 2015 for one member each from the African and Indian teams winning Top Honours at the Finals in Accra, Ghana
  • Two WOXSEN INDIAFRICA Prizes of Rs. 750,000 each for the First ranked teams from Africa and India from the Finals at Accra, Ghana
  • Chance to win The Indian Angel Network INDIAFRICA Prize for one African or Indian team from among the Top 8 – Incubation, Mentoring and Equity Investment in the selected venture
  • Chance to win The GSF India INDIAFRICA Prize for one African or Indian technology venture from among the Top 8 – for an Investment Committee(IC) review for its Accelerator Programme. If selected by the IC, the venture will receive equity investment and be part of a 10 week accelerator/mentor programme
  • Selection for final round of interviews for the unique GSF Global and GSF Impact Accelerator Programmes for deserving African and Indian technology ventures
  • The Villgro INDIAFRICA Prize for one or more Indian social impact ventures from among the Top 8 – for their Entrepreneur-in-Residence, Social Entrepreneur and Enterprise Development or incubation programmes. The winner(s) will receive intense support in establishing a viable social enterprise, benefitting from business mentorship and networking
  • The africa.com INDIAFRICA Prizes for the top ranked Indian and African teams - US$ 1000 worth of website creation and web management services for one year
  • 3-year subscription (worth US$2500) to the Oxford Business Group Online Library upon registration.
  • The Said Business School INDIAFRICA Prizes - Delegate Badge for one African and one Indian venture to attend the Skoll World Forum 2015 at Oxford, United Kingdom

India Africa Business Venture Contest Application form and Process

Candidates can apply through this link >> Register Online

Business venture/plan should focus on any of the following sectors:

• Creative Industry

• Cultural Industry

• Education

• Energy

• Food, Nutrition & Agriculture

• Healthcare

• Information & Communications Technology

• Skill Development

• Water

• Financial Inclusion

The Venture Guidelines

• Submitted ventures should plan to be financially sustainable and/or profitable; self-sufficiency on earned revenue will be a key criterion for evaluation.

• Submitted ventures must be scalable in the long term. Scalability will take into account the potential for growth of the business, both financially and in its social impact.

• Operational “early stage” ventures should not have been in operation for more than 3 years (with the start of the venture marked by first income or first patent, whichever occurred earlier) as of April 10, 2014.

• Submitted ventures cannot be wholly owned subsidiaries of existing entities (either for profit or non-profit)

• The business plan must include a financial analysis as well as a Social Impact Assessment (SIA) which includes DEFINITION of the Social Value Proposition; QUANTIFICATION of the top three social indicators; and MONETIZATION or Social Return on Investment (SROI) analysis.

Those unsure of their idea’s eligibility must contact the Organizing Committee for clarification.

Submission Guidelines

• The entry should be submitted to business@indiafrica.in latest by 15 April 2014, 2300 hrs IST.

• Can also be sent by courier to

 INDIAFRICA: A Shared Future Ideaworks Design & Strategy Pvt Ltd
609, Block-C, 6th Floor Nirvana Courtyard South City-2,
Sector-50 Gurgaon, Haryana,
Pin-122018, India
Phone: +91 124 425 3501

• The submission should contain details of all team members

  • Full name
  • e-mail address
  • Contact no
  • City, country and region
  • Date of birth (date-month-year)
  • Institution / Organization
  • Proof of identity

A short bio not exceeding 100 words

India Africa Business Venture Contest Selection Process

The entries will be judged on the relevance and the quality of perspective presented within the context of the contest theme.

  • Entries will be short-listed based on adherence to clauses mentioned under Eligibility and Technical Criteria. Also, there will be weightage for overall merit of the idea.
  • Entries will be evaluated on criteria pertinent to the contest’s theme.
  • There is no single standard matrix or criteria to be imposed on all entries, thereby granting greater creative freedom to participants.
  • Emphasis will be laid on the participants’ conviction of the idea and the thoroughness of research and understanding of the plan and its context. INDIAFRICA: A Shared Future may at any time and for any reason:
    • disqualify a participant from the program if the evaluation panel or the Grand Jury in their absolute discretion, determine that such disqualification is warranted
    • discontinue the program by posting a notice to that effect on www.indiafrica.in

India Africa Business Venture Contest Address

c/o IdeaWorks Design & Strategy Pvt Ltd 609, Block-C, 6th floor  Nirvana Courtyard  South City-2 Sec-50  Gurgaon (HR) INDIA   Pin-122 018

India Africa Business Venture Contest Contact Details

Phone

+91-012-44253501/02

E-mail

contact@indiafrica.in

Deadline Approaching View All

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Website

  • Brochure

Conducted by

INDIAFRICA: A Shared Future 

is a unique people to people initiative that aims at engaging multiple stakeholders in India  and Africa through contests, fellowships, discussions, events, collaborative projects and cultural exchanges.

 INDIAFRICA is supported by the Public Diplomacy Division, Ministry of External Affairs, Government of India and is managed by the Idea Works. INDIAFRICA works very closely with various institutions in Africa and India to drive this initiative.

Entrance Exam - Deadline Approaching