GBSN: Africa Business Concept Challenge(ABCC) 2024 (Up to $5,000 Prize) | How to Apply Now

GBSN is thrilled to introduce the 4th annual Africa Business Concept Challenge (ABCC), a virtual contest tailored for African undergraduate and graduate students to present their entrepreneurial concepts. The competition tasks student teams with formulating a feasible business proposal that addresses a relevant local challenge or problem aligned with Agenda 2063 and promotes inclusive and sustainable development.

Africa Business Concept Challenge

The Africa Business Concept Challenge aims to support young individuals from Africa who possess entrepreneurial ambition, and a commitment to community service, and exemplify the outlined values below. Emphasizing the promotion of ethical business practices, the competition seeks to identify promising young talents for mentorship and investment opportunities.


  • The first-place winner will receive a prize of $5,000.
  • Creating Societal Impact: The Challenge provides an opportunity to address and make a difference in local community issues.
  • Networking: Participants can connect with student teams from various parts of the world, as well as experienced entrepreneurs and professionals from different industries.
  • Mentoring & Industry Experts: Esteemed judges who are experienced entrepreneurs and leaders in their respective fields will provide guidance and expertise.
  • Structure, Feedback & Support: Team Advisors will offer personalized feedback and guidance throughout the project development process.

Eligibility Criteria

  • Open to educational institutions across the African continent.
  • Student teams should comprise two to five members, with at least two enrolled at an African institution during the competition. It is encouraged for teams to be interdisciplinary.
  • Each participating team must have a mentor to guide them and enhance their learning experience. The ABCC aims to establish a community platform for learning, offering mutual support rather than just competition.
  • GBSN Membership is not mandatory for participation, and there are no fees to join the competition.
  • All projects must tackle:
  • A community challenge or necessity
  • A business solution
  • A feasible business concept
  • Execution and influence of the business solution.

How to Apply For Africa Business Concept Challenge 2024

If you want to apply as a student, You can click on Student Application.

If you want to apply as an inventor, you can click on Inventors Application.

For further information please visit the official website of Africa Business Concept Challenge.

Application Deadline

March 5, 2024.

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