Home | Competitions | AGEA Business Idea Competition for African Students & Researchers [$50,000]

AGEA Business Idea Competition for African Students & Researchers [$50,000]

Deadline: October 31st, 2021

Are you a student (Masters or PhD), researcher or academic staff (lecturer, professor) at a University, Research Institution or a Higher Educational Institution (HEI) in Africa? Do you have interesting and innovative research results that can be transformed into a commercially viable business start-up? If so, you are highly encouraged to participate in the AGEA Business Idea Competition 2021 and stand a chance to win the top prize and receive expert support to build a business start-up.

ABIC is organised to reach out, identify and support innovative entrepreneurial solutions to African challenges by African students, entrepreneurs, academics and researchers within the AGEA network and beyond. This year, the idea competition focuses on generating entrepreneurial and commercially viable solutions from research that can become spin-off start-ups or companies.

To promote research-based spin-off entrepreneurship, researchers, academic staff and students at HEIs need to develop their science in a way that can lead to real-world impact and be able to adapt the outcomes of their research into viable commercial enterprises. ABIC 2021 thus offers students, researchers, academics at African universities as well as early-stage entrepreneurs (alumni) the opportunity to initiate their entrepreneurial journeys leading to the establishment of research spin-off start-ups.

About the Competition

The overarching aim of ABIC 2021 is to provide the opportunity for graduate and postgraduate (masters and doctoral) students and researchers at African universities to unearth their entrepreneurial abilities by generating relevant and viable business solutions through their scientific research endeavours. It is expected that the business idea competition will foster skill development in business ideation, design thinking and encourage entrepreneurial activity within the scientific research community at African universities as it offers young African researchers a platform to share their innovative entrepreneurial solutions originating from scientific research.

ABIC 2021 is open to submissions with innovative ideas and solutions from all fields of scientific research, sectors and industries. These include but are not limited to sectors such as health, education, agriculture, information technology, finance and commerce, enterprise development and trade, transport, water and sanitation, among others. It is important that the solution or product emanates from ongoing or completed scientific research undertaken by students or research and academic staff at an African University. The submitted ideas should thus offer sustainable solutions to real-work challenges which satisfying a market need, especially but not limited to Africa. Early-stage entrepreneurs who are university alumni can also participate in the competition as team members with students or researchers.

Why You Should Apply

The Top 3 ideas will receive the following prizes:

  • First Prize – €1,000
  • Second Prize – €500
  • Third Prize – €300
  • Audience Award – €500

Who Can Apply?

Interested persons from universities, research institutions and other HEIs in Africa can participate in the competition.

Eligible participants must be:

  • Students (Masters and PhD),
  • Academic staff (lecturers, professors) and researchers,
  • Early-stage entrepreneurs (university alumni – Bachelors, Masters or Doctorate).

Visit AGE Academy for more information.

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