Jack Ma Funds African Start Up Competition
Jack Ma has agreed to fund the Africa Netpreneur Prize Initiative (APNI). The competition which starts in March is open to digital entrepreneurs on the continent. The contest worth 10 million dollars is primarily focused on empowering the next generation of African technology based start-ups whose founders are either women or youth. Jack Ma Taking A Selfie Source: xinhuanet .com APNI said in a statement released in Nairobi it will be hosting an annual contest for Africa’s technology based enterprises in the next decade where 10 finalists will compete for 100 million shillings (1 million dollars) in total prize money. “The Netpreneur Prize Initiative has brought together a strong ecosystem of players to support both technology driven and traditional businesses,” said Sam Gichuru, Founder and CEO of Nairobi-based innovation hub Nailab. The 10 finalists are expected to receive grant funding from Jack Ma Foundation alongside access to the Netpreneur community of Af...