MTN has partnered Jumia and MTN Space Solution to introduce the MTN Entrepreneurship Challenge which is a Pan-African competition that will be powered by Jumia.
The competition as announced by MTN during the launching ceremony will involve more than 1000 entrepreneurs, investors and students who will work together to strengthen and increase African entrepreneurs.
Over 60 universities in thirteen countries across the continent are expected to participate in the competition which will be the first of its kind. The students participating in the competition are to come up with a smart solution or a digital application that can be used as a solution to any serious problem faced by the continent.
Talking about the partnership, Sarah-Anne Arnod, the MTN Solution Space’s Manager said that the company was happy to introduce the entrepreneurship challenge in partnership with Jumia. She described Africa as a continent of promise saying that the MTN Solution Space always aim at helping the continent to realise the promise through the development of solutions that are typically African. Sarah-Arnod described the competition as a key element in the fulfillment of this promise.
Heman Singh, the Group Chief Digital Officer of MTN said that the company was happy to be the initiator and sponsor of the competition which according to him is in line with the values, entrepreneurial culture and history of MTN.
The company has started collecting application. The deadline for the collection of application is 27 March 2016. Successful entrepreneurs in their specific areas have been selected to serve as campus captains that will assessed all applications. Shortlisted teams will proceed to the pitching phase between 1-8 April 2016 at selected universities. Five projects that emerged as the best will proceed to the semi-final stage. The winners will be announced on April 16th 2016.
The finalist will be amply rewarded with a cash prize of US$25,000 to enable them run their start ups. Jumia will also collaborate with them making all their offices across Africa accessible to them. In this way, Jumia’s experienced and successful entrepreneurs will provide mentorship to them.The finalist will also be able to have access to $15,000 worth of Facebook Start Program which includes tools and services they require to establish mobile application. They will also be able to work with MTN Solution Space at the Graduate School of Business of the University of Cape Town. A cash prize of US$5000 will be given to the two runners-up to fund their projects.