African Diaspora Network hosts the fifth annual Builders of Africa’s Future Awards!
Builders of Africa’s Future (BAF) celebrates innovation and impact in early-stage African enterprises. The program identifies African entrepreneurs running early-stage nonprofits or for-profit businesses that address key community needs through technology or differentiated business models.
The goal is to help scale their ventures and impact in the areas of health, education, energy, agriculture, financial inclusion, gender inclusion, nutrition, commerce, industrial development, and other socioeconomic goods.
Elevating the Rising Stars of African Entrepreneurship
The BAF program awards 10 to 15 of Africa’s most promising entrepreneurs with enterprise development training, mentorship opportunities, and a platform to boost brand visibility and investment potential in Silicon Valley. Since 2018, Builders of Africa’s Future has recognized and catalyzed 42 African startups.
Who are the Builders?
Program Eligibility Requirements
Founders and executives of companies contributing to the well-being of communities across the continent are the Builders of Africa’s Future. These leaders are catalysts of developmental progress on the continent and have stories and enterprises that we seek to amplify.
Primary selection criteria for builder enterprises:
Must be an established legal entity already in operation for 6 months or more with demonstrable early traction evidenced in growing usage, revenue or other metrics (not a pitch or prototype). The business should have a website, tangible digital or physical product or picture of more than one successful event over more than 6 months.
Must be an innovative approach to serve unmet needs on the continent or address its challenges. The innovation must fit within the African cultural and socioeconomic context and cannot be a clone of a western technology or business solution without differentiation.
The entrepreneur must be able to attend the virtual enterprise development sessions provided by the African Management Institute.
The entrepreneur must be able to attend ADIS virtually or provide a video recording of their pitch presentation. The purpose of this criterion is to allow the community and our sponsors to meet our recipients.
Secondary considerations in selecting builders
Balanced gender representation among entrepreneurs in recognition of the sizable portion of African women entrepreneurs.
Reasonable geographic distribution. Africa consists of 54 countries North, West, East, Central and Southern regions. Builders should represent a reasonable distribution across these regions.
Africa has several non-English speaking countries that we endeavor to represent, i..e there is a significant Francophone and Arabic bloc.
We seek impact and innovation across sectors so we should avoid over-indexing on any one of them - e.g. multiple agro or energy companies.
Africa’s development is two-pronged, leveraging both for-profit and nonprofit organizations alike. Our builders should represent both flavors of enterprise.
BAF Video Testimonials
Nkanyiso Kai Madlala
Founder, Energy Efficiency
Tabitha Arenson Abimiku
CEO & Founder, Virtuoso Pads
The 2022 Builders of Africa’s Future awardees will receive training from the African Management Institute of Kenya (AMI) and mentorship. In June 2022, the Builders of Africa’s Future cohort will participate in a virtual and/or in-person showcase to pitch their ventures at the seventh annual African Diaspora Investment Symposium (ADIS22).
Receive complimentary tickets to ADIS2022 or an invitation to participate in the pitch presentations virtually. Travel assistance is available on an as needed basis
Be mentored in a one-on-one or group setting and receive virtual support in preparation for the BAF pitch session
Participate in an enterprise training via virtual workshops provided by AMI
Receive the Builders of Africa’s Future Award at the ADIS22 symposium
Have a platform to share your journey and early successes as part of the presentation pitch
Foster and seek partnership opportunities through access to the ADN network
Be featured in our newsletter, website, social media, and symposium program
Celebrate Africa Day on May 25! Join us as we explore approaches to transforming the African narrative through effective engagement between the Diaspora and African Media. Register @ https://bit.ly/adnbaobabafricaday
Abbey Omokhodion, CFO for Intel PSG, Programmable Solutions Group & ADIS22 May moderator recapped the breakout rooms. She pointed to an important question: How do we ensure we are future ready? We need to re-invest in critical tech infrastructure and Interdependent Foundations.