Call for candidates for the 7th Orange Social Venture Prize in Africa and the Middle East

March 1, 2017 Leave a comment

Applications for the 7th edition of the Orange (www.Orange.com) Social Venture Prize in Africa and the Middle East (OSVPAM) are being accepted until 6 June 2017 21:00 GMT in the “Orange Social Venture Prize” pages of the website www.EntrepreneurClub.orange.com.
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As in previous years, the OSVPAM will be awarded to innovative projects which make use of information and communication technologies to improve living conditions for the peoples of Africa and the Middle East in fields such as health, finance, education and agriculture.

New for this 7th edition, the competition will start with a national phase during which each of Orange’s 17 participating subsidiaries will examine projects submitted in its country and will designate three winners. The next phase will be an international one in which the winners of each country – 51 in all – will compete before an international panel of judges for the OSVPAM Grand Prize, with three winners receiving their awards during the AfricaCom Awards Ceremony in Cape Town, South Africa, on 8 November 2017. In addition to national prizes, the three international winners will receive 25,000 euros, 15,000 euros and 10,000 euros respectively, along with support from professionals in start-up creation and funding.

OSVPAM is open to any student, employee or entrepreneur over the age of 21 whose initiative is less than 3 years old and who lives in Botswana, Cameroon, Côte d’Ivoire, Egypt, Guinea-Bissau, Guinea-Conakry, Madagascar, Mali, Morocco, Niger, the Central African Republic, the Democratic Republic of the Congo, Senegal, Tunisia, Jordan, Liberia or Burkina Faso.

Bruno Mettling, Deputy Chief Executive Officer of the Orange group and CEO of Orange Middle East and Africa, commented “With a record 750 candidates in 2016, the success of the OSVPAM prize with entrepreneurs in Africa and the Middle East speaks for itself. This year, 17 countries in which we operate will recognize 3 winners, the better to promote the local start-up ecosystem, in addition to the winners at the international level. This is our way of reaffirming our ambition of becoming a major partner, in particular by showcasing innovation that serves people.”

Sage Foundation launches $1 million Enterprise Fund to inspire innovation and change in Africa

February 23, 2017 Leave a comment

Sage, the market and technology leader for integrated accounting, payroll & HR, and payment systems, has today launched Sage Foundation’s Enterprise Fund. The new $1 million fund is open to non-profits in Africa with enterprising ideas to help improve the lives of military veterans, young people or women and girls.
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Every day, across Africa inspiring non-profit leaders, volunteers and their supporters are working tirelessly to make their communities better places to live. Sage Foundation’s Enterprise Fund has been designed to support those organisations generate further income, create new initiatives or enhance existing and proven activity.

The $1 million will be split between two rounds of $500,000; with the second round ready for release in July 2017. Applications for the first round are open until April 5; grants between $5,000 and $35,000 will then be awarded to successful applicants.

All applications that fulfil the eligibility criteria will be considered. However, Sage Foundation is especially keen to support organisations that are currently small but have ambitions to expand, grow and deliver sustainable change. It is also hoped that the fund will support needs such as; capital projects, core running costs or new innovations.

“Sage Foundation’s Enterprise Fund is designed to help organisations generate further income, create new initiatives or enhance existing activity,” says Joanne van der Walt, Sage Foundation Manager, Africa at Sage. “There are some wonderful charities across Africa who has innovative yet practical ideas about how they can solve some of the socio-economic challenges their communities face each day. We want to help them turn these exceptional ideas into reality.”

Sage Foundation’s Enterprise Fund was originally announced at Sage Summit in Chicago in July 2016, part of a series of new initiatives to mobilise Sage colleagues, partners and customers around a common vision for change.  As part of 2017’s new Sage Summit Tour, Sage Foundation will be working with Sage’s brilliant network of business builders, to take action together.

Since January 2016, Sage Foundation has been taking action to build sustainable social, economic and entrepreneurial opportunities in Sage’s local communities around the world. By investing and supporting non-profit partners that are helping people reach their true potential, and committed to doing business the right way.

Sage Foundation is powered by the ‘2+2+2’ model. Through this, Sage Foundation donates: 2% of employee time each year (5 volunteer days), 2% of free cash flow in grants and 2 donated software licenses to eligible partners.

At the Sage Summit Tour in Johannesburg from 7-9 March this year, Sage will update delegates about how the Sage Foundation is making a difference for communities and non-profit organisations across Africa with its approach to social investment. It will also disclose how the Enterprise Fund will benefit the region’s charities.

Click here to check if your non-profit is eligible for Sage Foundation’s Enterprise Fund. Follow @SageFoundation for the latest from our community. 

 

Source – APO

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