Entrepreneurship
The Royal Academy of Engineering has opened applications for the 2024 Africa Prize for Engineering Innovation as the programme approaches its 10th anniversary. The Africa Prize supports ambitious entrepreneurs and innovators developing local and scalable solutions to everyday challenges on the continent.
The Africa Prize will welcome its tenth cohort in November 2023. Since 2014, the programme has supported more than 130 entrepreneurs across 20 African countries with a rigorous business training programme and lifelong support through the Africa Prize alumni network. More than 70% of the alumni’s engineering and technology businesses now generate revenue. Between them the Africa Prize alumni have raised more than USD 14 million in grants and equity funding, and created more than 3,600 jobs, almost half of them for women.
The Africa Prize is now looking for the next 16 promising innovators with engineering technologies to improve lives, launching applications today at the 10th Sankalp Africa Summit in Nairobi, Kenya – an event that showcases the entrepreneurial ecosystem working towards sustainable development in Africa.
The aim of the Africa Prize is to support the crucial role that engineers play in addressing societal challenges including access to power, food and water security, adapting to climate change, and improving telecommunications, education, financial services, healthcare and other public infrastructure. With applications from 37 African nations to date, and shortlisted candidates from 20 nations, the Africa Prize continues to nurture the wealth of diverse engineering talent across sub-Saharan Africa.
As the UK’s national academy for engineering and technology, we bring together the most successful and talented engineers from academia and business – our Fellows – to advance and promote excellence in engineering for the benefit of society.
We harness their experience and expertise to provide independent advice to government, to deliver programmes that help exceptional engineering researchers and innovators realise their potential, to engage the public with engineering and to provide leadership for the profession.
We have three strategic priorities:
We bring together engineers, policy makers, entrepreneurs, business leaders, academics, educators and the public in pursuit of these goals.
Engineering is a global profession, so we work with partners across the world to advance engineering’s contribution to society on an international, as well as a national scale.