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

• 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

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

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

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