Jack Ma Foundation’s Africa Netpreneur Prize Initiative, has shortlisted three Kenyan entrepreneurs for a piece of the Sh161.6 million startup business funding from the Jack Ma Foundation.
The three Kenyans are Chebet Lesan of BrightGreen Renewable Energy, a firm creating eco-friendly heating fuels such as briquettes, John Magiro of Magiro Mini Hydro Power, a firm providing off-grid access to electricity in Murang’a county, and Karl Murage of MamaSafi.
The Africa Netpreneur Prize is an initiative by the Jack Ma Foundation to boost the financial muscle of start up businesses. The entrepreneurs whose business ideas stand out from the rest will be part of the 2020 Africa’s Business Heroes.
According to credible sources, the initiative attracted over 22, 000 applications from all over the continent in the fields of AI, e-commerce, fashion, healthcare, renewable energy and ICT. The applications were reportedly shifted to a smaller fraction, 50,000 applications which qualify for the next round of interviews and pitching.
The submissions for the Jack Ma prize pool evaluated applicants’ leadership and vision, their ability to translate their innovations and ideas into sustainable and robust business models, and their commitment to creating a positive impact to uplift their communities.
For MamaSafi, Hydro Power and BrightGreen renewable energy to stand a winning chance, they will need to pass the interviewing stage before moving on to the pitching stage. The top 20 and 10 applicants will have a chance to pitch their ideas to business moguls like Jack Ma.