Female Founders – ACT NOW AWARD
Driving more diversity in the investor and startup landscape together
managerohnegrenzen & encourageventures
The Female Founders – ACT NOW Award, African Challenge launched by managerohnegrenzen and encourageventures brings together female founded startups or other entities that have viable, innovative business solutions and a broad angel investor community.
The ACT NOW Award in the origin is an award for outstanding entrepreneurial readiness in the global south. The aim is to give this achievement the recognition it deserves and to provide a stage for it. It is for successful, committed, independent entrepreneurs and companies in low-and middle-income countries. Therefore, the award recognizes companies that have demonstrated particular commitment in the areas of innovation, sustainability and social responsibility.
The Female Founders – ACT NOW Award, African Challenge is designed to showcase and recognize the innovation of female founded or co-founded startups or other entities with a female in the executive leadership team, as the case may be in Africa. The Challenge offers finalists the opportunity to present their solutions in front of angel investors from the encourageventures network as well as executives from managerohnegrenzen late September 2023 at a virtual event. In addition, an experienced jury will select 6 finalists on September 7th and 3 winners on September 21st, 2023 who will go home with some prestigious prizes from managerohnegrenzen and encourageventures.
Another highlight of the evening will be the audience award. All interested parties can cast their vote for one of the 6 finalists in the evening for the audience award. The winner of the audience award will be rewarded with valuable prizes from managerohnegrenzen and encourageventures.
May 9th, 2023: Challenge opens for submissions
August 6th, 2023: Deadline to submit applications 12 PM (European time)
September 7th, 2023: 6 Finalists are announced – 2 in each category: Impact, Innovation and Performance (for definitions see below: selection criteria)
September 21st, 2023: Finalists Pitch Night at managerohnegrenzen x encourageventures Female Founders – ACT NOW Award, African Challenge – the 3 Award winners are announced
Prizes for all finalists
6 finalists receive a professional pitch training for future investor/fund raisings & the Female Founders pitch night
6 finalists will get the chance to present their company in front of high-level business angels, with the possibility of receiving an investment of up to 200,000 euros.
1st Prize for Impact
ACT NOW Award in the category impact with a certificate
1st Prize for Innovation
ACT NOW Award in the category innovation with a certificate
1st Prize for Performance
ACT NOW Award in the category performance with a certificate
Audience Award: 1.000€
The audience decides which startup wins the 1.000 €.
The condition is that the prize is used for an entrepreneurial purpose or a special investment for the winning company.
Who can apply?
What do we need from you?
A description of your solution
Please fulfill at least a criterion of the following: impact, innovation & performance, but please always include team profile and business model.
managerohnegrenzen tries to promote small and medium-sized businesses in low-income countries with the help of entrepreneurial mentorships. Our goal is to make small and medium-sized local businesses independent. Only if the middle class is independent, long-term jobs can be created. Help must be help to independence, so that social prosperity can develop.
encourageventures is a large network of female investors and founders. We offer diversity, expertise and capital. As investors, mentors and advisors, we support female-led start-ups in their founding and expansion plans. We encourage female founders to realise their own business ideas. We support, inspire and accompany. We exchange ideas and take the next step together.
With our encourageventures network, we want to increase the visibility of women in the startup world and bring more diversity to the startup and investor landscape.