INDIAFRICA Business Venture Contest 2014 is an initiative supported by the Public Diplomacy Division, Ministry of External Affairs. YourStory.com is the official media partner for the event.
The contest is for young African and Indian entrepreneurs under the age of 35 with business or social venture ideas. The ideas can either be around commercial business or social venture which can create value and disrupt the industrial or social sector in India and Africa.
The contest will help in creating a platform for talented young Indians and Africans to exchange ideas about shared solutions for shared challenges in the two geographies. Each one can learn from current realities, culture, successes and challenges, and explore future collaborations in business. Send your submission fast as the last date for entries is April 15, 2014.
Africa is the second-most populous continent with around one billion people, or 15% of the world's population. India, on the other hand, is the second most populated country with 17.5% of the world's population.
When we are talking collaboration between Africa and India for a shared future, we are talking about 33% of the world’s population. According to Wikipedia, record bilateral trading between the two is expected to reach US$ 90 billion by 2015. As of 2011, India has emerged as Africa's fourth largest trade partner behind China, EU & USA while Africa has emerged as India's sixth largest trading partner behind EU, China, UAE, USA & ASEAN.
The contest winners will bag attractive cash prizes and a chance to get recognized at an international platform. The Prize includes:
For more info: INDIAFRICA - Business Venture Contest 2014 [PDF]