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Applications Open for Class 5 of Alibaba’s eFounders Fellowship

Alibaba Group and UNCTAD Launch eFounders Initiative (PRNewsfoto/Alibaba Group)

Startups from Botswana, Cameroon, Chad, Kenya, Rwanda and Uganda have been invited to apply for Class 5 of the eFounders Fellowship, an initiative run by Alibaba and the United Nations Conference on Trade and Development (UNCTAD) to support African entrepreneurs succeed in the digital economy.

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The eFounders Fellowship is part of a pledge by Jack Ma, Alibaba Group’s executive chairman and a special adviser to UNCTAD on young entrepreneurs and small business, to empower 1,000 entrepreneurs from developing countries in five years.

It provides selected startups with first-hand exposure to e-commerce and digital innovations, access to business leaders across Alibaba and China, and the opportunity to connect with like-minded entrepreneurs.

Applicants should be “new economy” entrepreneurs building businesses designed for long-term success rather than short-term profit. Startups should have been in operation for at least two years, with founders below the age of 40.

Participants will learn about the key factors in Alibaba’s long-term success and the defining moments and failures that shaped its journey, and develop an understanding of Alibaba’s ecosystem.

Applications are open until March 17.

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Written by PH

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