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26.11.2009 Business & Finance

EMRC and African Development Bank call for entries for a $15,000 Project Incubator Award

EMRC and African Development Bank call for entries for a $15,000 Project Incubator Award
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25th November 2009 - Brussels, Belgium: The African Development Bank (AfDB) confirmed its sponsorship of the EMRC-AfDB Project Incubator Award yesterday. The award recognises sustainable business ideas that embody African-inspired entrepreneurship and innovation while demonstrating the potential economic and social impact their project holds for their local community.

The award will be presented in Amsterdam at the Africa Finance & Investment Forum 2009 (AFIF09) Gala Evening on the 14th of December 2009. Winners will receive the cash prize of $15 000 in order to bring their winning project to life and will receive ongoing support and guidance from both EMRC and the African Development Bank.

Delegates attending the Africa Finance & Investment Forum 2009 in December will have the opportunity to put forward their development project ideas to be considered for grand prize of $15 000.

“We are looking for project ideas that contribute to AFIF09's theme of Growth and Development, with a particular emphasis on uplifting the local communities in which the ideas will be realized. We are also interested in African-inspired innovation, solutions that draw on local wisdom and practice. We look forward to discovering the ingenuity of our delegates and together with our partner, the African Development Bank, to pursuing our joint purpose of implementing sustainable change on the African continent.” Idit Miller, Managing Director EMRC.

The cutoff date for entries is the 3rd of December, after which four to six project proposals will be selected by the EMRC-AfDB panel. Entries will be taken from all sectors in Africa, with a focus on Microfinance, Energy, Housing, Agriculture, Trade and Industry. These projects will all have the opportunity to present their work at the Africa Finance & Investment Forum in Amsterdam to an audience of over 250 financiers, bankers, government officials, private sector investors and entrepreneurs from around the world. In addition to the grand prize of $15 000, two runners up will also be announced.

Confirmed delegates are urged to submit their entries. Non-delegates interested in submitting a proposal must register for the Africa Finance & Investment Forum as soon as possible – please visit our website: for more information.

Competition: EMRC-AfDB Project Incubator Award (AFIF09)

Award Event: Africa Finance & Investment Forum 2009, ABN AMRO Bank Headquarters Amsterdam, The Netherlands, 13–15 December 2009

Organiser: EMRC International

For further information, please contact:
Ines Bastos
Project Manager
Tel. : +32 2 626 1515
Fax : +32 2 626 1516
Brussels, Belgium
[email protected]

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