Euromena Awards for Innovative African Startups (€10,000 Funding)

Euromena Awards

Program(s) Offered: Competition
Program Level: Start Ups, Entrepreneurs
Provider: Euromena Consulting
Country to Award in: Dakar, Senegal

Scholarship Description
Euromena Consulting is organising for the third consecutive year the Euromena Awards, an annual start-up competition dedicated to local and regional innovative entrepreneurs.

Start-ups initiatives have been proliferating worldwide and Africa shows huge potential for innovation and disruptions. Euromena team is composed of entrepreneurs who have been working in the region for years. The Euromena Awards represent an opportunity to celebrate the richness and strength of African innovation.

Euromena Consulting’s prize is about discovering and bringing to the world the many innovative talents Africa boasts of. Our competition is about creativity, innovation, development and social matter. Our aim is to reward African start-ups promoting ICT and social development in Africa.

The Euromena Awards – Sub-Saharan Africa Edition welcome businesses that meet the following criteria:
  • They must be in “startup” mode and seeking to expand or scale-up
  • They must respond to a clear social impact, whereby an intentional positive outcome is meant to solve a certain social challenge or problem
  • They must involve a team of at least 2 members
  • They must use technology either as a tool or as an end product or service
  • They must demonstrate economic viability
  • They must have a fully working product/service that has already been produced/launched
  • They must be based in one of the following eligible countries, that is sub-saharan country.
Selection Criteria:
The jury members will select the finalists based on the following main criteria:
  • Quality of idea – level of innovation, level of competitiveness, use of technology
  • Quality of product/service – clarity of ideas, scalability
  • Quality of business model – clarity of vision, clarity of approach, sustainability
  • Quality of management/leadership – educational/professional backgrounds, team organization and division of tasks
  • Level of impact – evaluation of the level of impact on surrounding society or environment
  • Feasibility – social and economic
Eligible groups
Citizens of sub-Saharan African countires

Participating Institutions
Businesses in sub-Saharan Africa that meet the eligibility criteria above

Number of awards

Sponsorship duration
Award takes place 12th December 2019

Award benefits
A €10,000 financial reward will be shared among the 3 candidates shortlisted by the jury. The winner receives €5,000, while €3,000 and €2,000 are intended for the 2nd and 3rd laureates, respectively.

6 months of customized, high quality business consulting support including coaching, mentorship, and advisory services adapted to the winner’s needs, valued at US$150,000.

Networking, exposure and access through Euromena Consulting’s vast existing network of key stakeholders across the sub-saharan countries
Local and regional engagement with partners, clients and beneficiaries through access to Euromena Consulting events and opportunities

Method of Application
To participate in this competition, please fill in the online form: Apply Here

Apply as soon as possible as award will be held in Dakar, Senegal on December 12

Euromena Consulting is a result and impact-oriented management consulting firm serving high-profile stakeholders in the private and public sector across Europe, Middle East and Africa. Founded in 2006, Euromena Consulting provides hands-on strategic, operational, financial and business coaching advice to its clients and partners.

Application Deadline: Well before 12 December 2019
Open to International Applicants: No (ONLY sub-Saharan Africans)

More Scholarship Information and Application

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