With a prize pool of up to US$55,000, this competition offers a significant boost for entrepreneurs aiming to make an impact across the continent through innovative solutions to pressing challenges.

The New Venture Competition is part of the annual Africa Business Conference, scheduled for February in Boston, and is hosted by the Africa Business Club, a student-run organization at Harvard Business School.

The event serves as a premier platform for showcasing the achievements of African entrepreneurs and fostering meaningful dialogue about the continent’s business landscape.

Each year, the conference attracts global investors, industry experts, and innovators who are keen to explore Africa’s burgeoning entrepreneurial ecosystem.

This year, ten promising startups will be chosen to attend the event as finalists, where they will pitch their business ideas to a panel of seasoned judges, including investors, successful entrepreneurs, and industry veterans.

These selected finalists not only have the chance to win up to US$55,000 in cash prizes but also gain invaluable feedback from a global panel with diverse expertise.

The competition provides these startups with an opportunity to refine their strategies and gain exposure to a global audience.

In recent years, Africa has seen a dramatic rise in startup activity, particularly within fintech, e-commerce, healthcare, and renewable energy sectors.

This growth aligns with a surge in venture capital interest, with investors increasingly viewing African markets as ripe for innovation and high-impact solutions.

The New Venture Competition aims to support this growth, showcasing Africa’s entrepreneurial talent and encouraging investment in transformative solutions across the continent.

Applications for the competition are open until November 12.

African startups with innovative solutions and ambitious goals are encouraged to apply, capitalizing on this unique opportunity to connect with a global network, gain expert insights, and compete for prizes that could significantly impact their growth and scalability.

Interested startups can apply here.