In an environment that is steadily turning into non-compliant to the basic employment rules, constructing a startup is the precise solution for youths seeking to become job creators. The challenge, however, is that maintaining the enterprise is equally hard without support rendered.
That is where fellowships like the Anzisha Prize become a necessity. This is an award where youths under the age of 22 with social and business ventures get a share of $100,000 to build and expand on their projects for the better.
Whenever the young entrepreneurs lack resources, Anzisha is the go to place for starting and growing their business. This is through incubators to help start and grow ventures.
The Prize is on tour and came by to Uganda,and a talk on youth entrepreneurship on the continent and the Anzisha Prize, was held on 29 July 2019. It was an opportunity for individuals interested in starting their own businesses to hear from Ugandan Anzisha fellows and other entrepreneurs on how far they have made it.
It is from here that we talked to Didi Onwu, the Communications Associate at African Leadership Academy. According to her, the Ugandan ecosystem is endowed with entrepreneurs “willing to take risks”.
She says Uganda is lucky to have an environment that gives enough support and allows for risk taking to become entrepreneurs. To the regard, Ugandan and East Africa as a whole is considered to be a social innovation hub compared to West African countries that are more of digital innovators.
Read About: Ugandan startups shortlisted for Africa Moves Summit 2019
The Anzisha Prize
In basic terms, the Anzisha Prize seeks to award young entrepreneurs who have developed and implemented innovative solutions to social challenges or started successful businesses within their communities.
Every other year, 20 finalists from across Africa are selected into a fellowship that helps them to accelerate their path to entrepreneurship success.
