YOUNG entrepreneurs from Tanzania stand a chance to win 30m/- in a second edition of the ‘Startupper of the Year Challenge’ by a French oil major, Total to support the boldest and most innovative budding entrepreneurs.
Planning and Control Director for Total Tanzania, Thomas Biyong told reporters in Dar es Salaam yesterday that the investment is part of the company’s corporate social responsibility which seeks to support innovative entrepreneurs in the country.
The winner will take home 30m/-, the first runner-up 20m/- and the second runner up will take 15m/- he said adding that the top ten winners would receive professional coaching and extensive publicity to advertise their projects.
To support women entrepreneurs, there would be a Top Female Entrepreneur in each country. This special award, which comes in addition to the other awards, is Total’s way of encouraging more women to take part in the challenge.
According to him The Startupper of the Year Challenge for 2018-2019 is designed to support and reward young entrepreneurs of up to 35years of age who have a project or have created a company in the past two years, regardless of the business sector.
He said the second edition of the challenge will be held in nearly 40 countries across the continent and would follow the success of the first edition held in 2015 in more than 30 African countries whereby in Tanzania three young entrepreneurs - Iddi Kalembo, Mercy Kitomari and Krantz Mwantepe - were recognized.
A local jury comprised of experts from Total, specialists from incubators and accelerators, business leaders and local community stakeholders.
The projects would be assessed based on their innovative nature, social and community stakeholders and feasibility and development potential.