MIT and Mastercard Foundation Launch 2018 Zambezi Prize for Innovation in Financial Inclusion
March 13, 2018
CAMBRIDGE, United States, March 12, 2018 -/African Media Agency (AMA)/- The Legatum Center for Development and Entrepreneurship at the Massachusetts Institute of Technology (MIT), in collaboration with the Mastercard Foundation, today announced the launch of the 2018 edition of the Zambezi Prize for Innovation in Financial Inclusion. The prestigious competition, awarding a total of $200,000 in prizes, was established to discover Africa’s most promising and innovative early-stage start-ups that promote and advance financial inclusion on the continent.
There are multiple awards and opportunities available for finalists. The grand prize winner will be awarded $100,000 and the two runners-up will each receive up to $30,000.The top 10 finalists are guaranteed to each receive up to $5,000 in cash prizes as well as VIP tickets to the Zambezi Award ceremony, cohort-building activities, international media exposure, and personalized introductions to the MIT Legatum network of investors and mentors. Past Zambezi finalists have led projects ranging from agricultural finance for the small dairy farmer to an employee-centric boda boda taxi business model.
Nkemnji Global Tech
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