The Africa Prize for Engineering Innovation 2021 and Win Up to £25,000

DETALLES DE LA OPORTUNIDAD

Recompensa total

0 $

Organización sin ánimo de lucro

Royal Academy of Engineering

Fecha límite

14 sept. 2020

Nivel de estudio

Educación vocacional

Tipo de oportunidad

Competiciones

Oportunidad de financiación

Financiación completa

Países elegibles

Mauritania , Yibuti , Sudán

Región elegible

Todas las regiones

The Royal Academy of Engineering is offering a competition to develop an engineering innovation. Applications are invited from entrepreneurs and engineers in sub-Saharan Africa who have developed an innovative product or service that can provide scalable solutions to local challenges, with a particular emphasis on sustainable social and economic development. The winner will receive £25,000

Eligibility Criteria:

Applicants must be individuals or small teams
Individual applicants must be citizens of a country in sub-Saharan Africa
For teams of two or more,the lead applicant must be a a country in sub-Saharan Africa
The innovation must be based in a country in sub Saharan Africa
Applicants must have an engineering innovation, though are not required to be an engineering graduate or student
Applicants must provide a letter of support from a university, research institution, innovation hub or previous incubator programme.
The lead applicant must be over the age of 18 by1 September2020.
Industrial researchers and establishments are not eligible.
Applicants should have developed, and be in the early stages of commercialising, an engineering innovation that:

Will bring social and/ or environmental benefits to a country/ countriesin sub-SaharanAfrica
Has strong potential to be replicated and scaled-up
Is accompanied by an ambitious but realistic business plan which has strong commercial viability.

Awards:

The four finalists will pitch in front of a live audience and the Africa Prize judges.
The prizes will be awarded following an assessment by the Judging Panel.
The winner will receive £25,000
Three runners-up will receive £10,000 each.

The Training Program:

A shortlist of 16 applicants will be selected to receive a seven-month package of mentoring and training. The programme will be structured to give entrepreneurs the skills and knowledge to:

strengthen and develop their existing business plans;
successfully communicate their innovations through pitching
forge links with potential partners, investors and customers
further develop their technology
move towards commercialisation or scale up

The shortlist will be asked to submit a full business plan and updates on their business from the first period of training, in May 2021.
The Judging Panel will review these and identify four finalists

TimeLine:

Application submitted by 14 September
Checked for eligibility in September
Reviewed by technical expert in October
Reviewed by Judging Panel in November

Africa Prize shortlisted applicants selected
Unsuccessful applicants informed in December

Seven-month package of support
Stage 2 application in May 2021
Finalists selected by Judging Panel
Winner chosen at Final Event in June or July 2021

About the Royal Academy of Engineering:

It brings the most successful and talented engineers from across the profession with their Fellows to advance and promote excellence in engineering for the benefit of society. It has three strategic priorities: make the UK the leading nation for engineering innovation and businesses, address the engineering skills crisis, and position engineering at the heart of society.

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