Win Cash prizes up to 40,000 GBP In African Drone Business Challenge

December 09, 2019

Online/ Rwanda

(Fully Funded/ Award)

Description

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Ready to launch a new idea?

The ADF’s Business Challenge is the first Pan-African business plan competition designed exclusively for African entrepreneurs that have identified new and innovative business models enabled through drone technology and data.

The commercial use cases for drone applications can impact a broad array of sectors. At present, there are emerging applications in Africa related to healthcare delivery, land digitization, agriculture or livestock monitoring, disease surveillance, urbanization tracking, and flood impact assessment.

The objective is to promote drones as a catalyze for new business ventures and ultimately new frontier markets. As such, this Challenge does not focus on the development of new technologies, but rather on exploring sustainable and scalable solutions to important problems around mobility and data landscape.

Opportunity Focus Areas:

• Innovation and Technology
• Business and management
• E-commerce

Required Languages

English.

Eligible Countries

ALL AFRICAN COUNTRIES.

Program Period

Time line:

Eligibility Requirements (Criteria)

To be eligible, you must:

1. Be an African citizen or diaspora (consortia led by an African founder may apply)
2. Propose business concepts that leverage drone technology or data and will operate within Africa
3. Submit a complete business plan through the online portal before the deadline on Monday, 9th of December 2019 at 11:59 P.M. CAT
4. Be available to attend the African Drone Forum in Kigali, Rwanda on 3-7 February 2020. ADF will cover travel expenses for selected finalists

Participants can range from an individual entrepreneur or an early-stage startup to an innovation team within a small business, local and international consortium, corporation, or government that focuses on integrating drone services or applications into their business models. Please note, you do not need to be a drone company to apply; submissions should focus on concepts, products, services, and customers for new business opportunities.

Language Requirement

What if English isn’t your first language? In an effort to streamline the review process for our local and international panel of judges, we require all business plans be submitted in English. For non-native English speakers, we encourage you to submit your business plans before November 29th so our team can review and provide feedback. This will ensure that your business concept is presented in a clear and concise manner. If you are selected as a finalist and would prefer a translator for the live pitch, we can accommodate that request.

Opportunity Cost

(Fully Funded/ Award)

Ten finalists will be invited to attend the African Drone Forum where they will pitch their business ideas live to a crowd of industry leaders, investors and government officials. Finalists will compete for cash prizes up to 40,000 GBP.

• Full access to the ADF and Africa Tech Summit
• All travel expenses will be covered for finalists including flights, accommodation, and visas.
• Exhibition space
• Two-day capacity-building workshop (includes pitch training)
• Networking potential with over 1,000 participating digital leaders, tech corporates, technology regulators, banks, mobile network operators, and startups from across Rwanda, Africa and the globe.

How to Apply

First Step: Create an account from here

Second Step: Once you’ve registered, you may begin working on your business plan. For compelling submissions, participants should provide clear and concise responses taking into account the topic areas below and providing any additional relevant information that you feel will build a strong case for your business idea.

You may include an optional video elevator pitch of maximum 2 minutes (highly encouraged).

1. Problem Statement – What problem are you trying to solve?
2. Your Solution – What solution do you propose? What is the value proposition for the customers
3.  Market Analysis – What is the market size? If data isn’t readily available, attempt to predict/make an educated guess what the market size could be?
4. Product or Service – Describe your product or service and explain how drone technology or data would facilitate or enhance your objectives?
5. Competition – Who are your competitors and what is your competitive advantage?
6. Risks – What are the barriers to market entry? And how do you plan to mitigate that risk?
7. Team – Who makes up your management team and what unique experiences do they bring?
8. Financials – How will you make money? What are your marketing and distribution strategy? Show a schedule when you expect revenues to pour in.
9. Future plans – How will you use the prize money to grow your business? What are your targets for the next six months and year one and three projections?

Third Step: Submit a complete business plan through the online portal before the deadline of Monday, 9th of December 2019 at 11:59 P.M. CAT

Note: Participants that would like to receive feedback on their proposals before the final deadline, have a pre-submission option. Only proposals that are submitted by Sunday, 1st of December 2019 will receive feedback. Based on this feedback, participants will have the opportunity to revise and further develop their business idea before the final deadline.

Apply Now

More Details

Know more about this opportunity:

Official Website

Marj3 recommended links

To learn how to write CV, Essays, Personal statement,  and know about recommendation letters click here:

Marj3 recommended links

This Scholarship Published by:
” Rahaf Elkhodary/ Egypt “

Reviewed by” Nada Ahmed/ Egypt ”
MARJ3 Intern
MARJ3 Scholarships team