Telecom firm Orange is calling for applications for the 7th edition of the Orange Social Venture Prize in Africa and the Middle East (OSVPAM) are being accepted until 6 June 2017.
The awards is geared at innovations employing telecom technologies to improve the lives of people in Africa in areas of health, education and finances.
The activity highlights the belief that Africans have the solutions to their own problems which has several venture capitalists and corporates pour money into African startups in the recent past. Startups have helped to increase employment opportunities at a time when youth unemployment has soared globally leading to youth unrest and social pressure.
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.”