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Anzisha Prize – MasterCard Foundation for Entrepreneurial Fellowship for Africans
Anzisha Prize – MasterCard Foundation for Entrepreneurial Fellowship for Africans - Fellowship, Post a Comment
- Provider
- Various
- Region
- Global
About this scholarship
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The Anzisha Prize, funded by the MasterCard Foundation, is an entrepreneurial fellowship for Africans aged 15-22 years old. The opportunity best fits young African entrepreneurs trying to grow a business, so if you have what it takes, then apply now!
**Application deadline:** November 30, 2021
### Table of contents
- [Benefits of the Anzisha Prize for Entrepreneurial Fellowship](https://scholarshipsforafricans.com/anzisha-prize-mastercard-foundation-for-entrepreneurial-fellowship-for-africans/#h-benefits-of-the-anzisha-prize-for-entrepreneurial-fellowship)
- [Eligibility Criteria for Africans](https://scholarshipsforafricans.com/anzisha-prize-mastercard-foundation-for-entrepreneurial-fellowship-for-africans/#h-eligibility-criteria-for-africans)
- [How to Apply for the Prize](https://scholarshipsforafricans.com/anzisha-prize-mastercard-foundation-for-entrepreneurial-fellowship-for-africans/#h-how-to-apply-for-the-prize)
## Benefits of the Anzisha Prize for Entrepreneurial Fellowship
Over $140,000 is handed out annually in business support prize money for accepted African entrepreneurs within this scheme. The Anzisha Prize seeks to award young businesspeople who have developed and implemented innovative solutions to social challenges or started successful enterprises within their community.
The Anzisha Prize is a venture-building fellowship program that has successfully supported and championed very young entrepreneurs for over 10 years.
The fellowship is a three-year program that celebrates and rewards business growth.
During the course of the three years, the program will track the performance of the business and the entrepreneur. Businesses that show exemplary growth and initiative are rewarded with benefits and services such as short courses, cloud services, and cash stipends.
At the end of the second year, entrepreneurs will pitch their businesses and successes for a chance to win their share of prizes to the value $140 000.
The **_Grand Prizes_** are split into 4 categories
- The Job Creation Prize
- Revenue Growth Prize
- Storytelling Prize
- Integrating Systems and Processes Prize
At the end of the three-year fellowship, the fellows will graduate and join the Anzisha Prize alumni network.
Furthermore, the application timeline is as follows:
**20 October 2021** – Applications Open
**31 November 2021** – Applications Close
**January – March 2022** – Phone Interviews, Assignments, and Due Diligence visits
**April 2022** – Announcement of Top 26
**August 2022** – Anzisha Prize Induction
## Eligibility Criteria for Africans
Prior to applying, the following criteria must be met:
1. You must be between 15 and 22 years old with an ID document or Passport to present as evidence. Anyone born before April 16, 1996 or after April 16, 2003 will not be considered.
2. You must be a national of an African country with a business based in Africa for African customers/ beneficiaries.
3. Your business must be up and running. The Anzisha Prize is not for great ideas or business plans – you must have already started, and be able to prove it! You have time to get started now and have tangible results to share before applications open.
4. Your business, invention or social project can be in any field or industry (science and technology, civil society, arts and culture, sports, etc.). Any kind of venture is welcome to apply.
5. Individuals who apply must be one of the founding members of a business (for example, 2 or 3 co-founders who started a business together). One person can apply for the Prize, on behalf of the team.
To be selected as one of the 12 Anzisha Fellows, your business or project will be judged on the following 5 criteria:
- **Already Running Venture:** Is the venture established with customers and beneficiaries? Does the venture deliver value to said beneficiaries and customers?
- **Founder-led:** Is the venture led and managed by the founder?
- **Impact:** Has the venture demonstrated some impact already?
- **Scalability:** If the venture is a for-profit business, does it already earn revenues and does it have potential increase revenues with the support of Anzisha? If the venture is a not-for-profit enterprise, does it already reach beneficiaries and does it have the potential to reach many more beneficiaries with support from Anzisha?
- **Job Creation:** Has the venture created some jobs and has the potential to create more high quality jobs?
Meanwhile, to be selected as one of our Anzisha Fellows, you must demonstrate the two following qualities:
- **Venture leader:** Are you the leader of your venture and do you drive both venture strategy and operations?
- **Commitment:** Do you spend at least 20 hours a week or more on your business and will you continue to do so after selection?
## How to Apply for the Prize
In order to start your application process, please download the [Applications Guide](https://alacademy.formstack.com/forms/application_guideline_download) attached here and also visit the [official competition webpage](http://www.anzishaprize.org/apply/) for further information.
* * *
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Eligibility criteria
Always cross-check eligibility against the sponsor's official site before applying — sponsor rules can change between intakes.
- Citizen or permanent resident of an eligible African country
- Currently applying to or enrolled at the Fellowship level
- Strong academic record — typically a minimum GPA equivalent to a UK 2:1 / US 3.3
- English-language proficiency demonstrated by IELTS, TOEFL or an MOI letter
- Two academic or professional references able to speak to your potential
- Demonstrated financial need (most fully funded sponsors verify household income)
Required documents
A planning baseline drawn from how 90%+ of African scholarship sponsors structure their checklist. The sponsor's portal is the source of truth for any single application.
- Valid international passport (bio page scan)
- Most recent academic transcripts (sealed or e-verified copies)
- Curriculum vitae / résumé (1–2 pages, reverse-chronological)
- Personal statement or motivation letter (500–1,000 words, tailored to the sponsor)
- Two to three reference letters (academic for students, professional for working applicants)
- Proof of English proficiency (IELTS, TOEFL or Duolingo) — Medium-of-Instruction letter may substitute for Anglophone-Africa graduates
- Passport-sized photograph meeting ICAO biometric standards
- Research proposal or statement of purpose (500–2,000 words for PhD)
- Published or unpublished writing sample (PhD and research-led Masters)
- Financial-need declaration or family-income statement (sponsor-specific template)
- Country-of-origin proof (national ID or birth certificate) — required by many Africa-focused funders
Deadline timeline
The sponsor has not published a fixed deadline yet. Use the milestones below as a generic 12-month plan; substitute dates once the intake window opens.
- 12 months out
Register for tests (IELTS/TOEFL/SAT/GRE), shortlist 3–5 universities, identify referees.
- 6 months out
Sit your tests, draft a personal statement, request transcripts and confirm reference letters.
- 3 months out
Finalise essays, upload supporting documents, complete the online application portal.
- 1 month out
Final review, double-check uploaded files, submit a week before the deadline to avoid portal issues.
- Application deadline
Submit by 23:59 in the sponsor's stated time zone — usually local to the sponsor, not your country.
Frequently asked questions
Who can apply for the Anzisha Prize – MasterCard Foundation for Entrepreneurial Fellowship for Africans?+
Applicants must be eligible African nationals applying at the Fellowship level, meet the academic and English-language requirements set by Various, and be able to relocate to the host country for the duration of the programme.
Is the Anzisha Prize – MasterCard Foundation for Entrepreneurial Fellowship for Africans fully funded?+
Funding model: Fully Funded. Where listed as fully funded, the award typically covers tuition, monthly stipend, health insurance and round-trip airfare. Always confirm the latest funding breakdown on the sponsor's official page.
When is the application deadline?+
The application deadline is varies by intake — see the official site. Submit at least one week early — sponsor portals frequently slow or fail in the final 24 hours, and late submissions are not accepted under any circumstances.
What documents do I need to apply?+
At minimum: passport bio page, academic transcripts, CV, personal statement, two to three references, and an English-language test score (IELTS, TOEFL or Duolingo). Research-led Masters and PhD applications also require a research proposal and a writing sample.
How can I improve my chance of winning?+
Apply early, tailor every essay to the specific sponsor (do not recycle a generic statement), secure at least one reference who knows your work in detail, and apply to two or three additional scholarships in parallel — never rely on a single application.