ACCEL Awards 2021

Annual startup contest organised by the London Business School’s Africa Club

Overview

Feb 28
LBS Africa ClubBusiness school
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Africa
Sector agnostic

The ACCEL Awards is an annual business start-up contest organised by the London Business School’s Africa Club in collaboration with the Club Alumni and Corporate Partners including FTSE 100 companies, venture capital firms, entrepreneurship incubators and media companies.


BENEFITS

UNPARALLELED INTERNATIONAL EXPOSURE
Get international visibility across the world’s most successful corporations, media firms and African professionals

PRESTIGIOUS BRAND PARTNERSHIP
ACCELAwards is organised by the Africa Club of the London Business School. One of the world’s elite business schools

INTERNATIONAL BUSINESS MENTORING
Access mentoring from a deep pool of business talent at the London Business School and partnering firms

WORLDWIDE BUSINESS NETWORK
Join a global network of successful Africa Club Alumni, business partners and Africa focused professionals


CRITERIA

You need to be an African entrepreneur with a business proposal that has proof of concept. The business needs to be Africa-focused or caters primarily to the African market.

JUDGING CRITERIA

Each entry will be assessed by a minimum of two judges based on the below 5 criteria.

  1. Originality of idea
    • Is the start-up a new or novel application of existing knowledge/technology/business model to the Africa region in focus?
    • High scores should be given to start-ups that are not clones of well-known business models already existing within the African region
  2. Strength of business case
    • Does the start-up have clear revenue models and a pathway to profitability?
    • High scores should be given to those applications that demonstrate a clear business plan to achieving a profitable business
  3. Level of product development
    • Is the product or idea well developed and ready for investment opportunities?
    • Do they have technology patents, rights, brand ownerships or partnerships already in place?
    • Is the product already in the market?
    • High scores should be given to those applications that demonstrate well-developed products or services that are already on sale
  4. Level of business opportunity or impact
    • What is the level of the potential social impact of the idea in Africa?
    • What is the potential size of the market share and profitability?
    • High scores should be given to those applications that demonstrate scalable social impact
  5. Team’s ability to execute the idea and other Intangibles
    • Does the team have the right combination of passion? insight? experience? qualifications?
    • Do secondary aspects of the application strengthen the likelihood of success e.g. founder’s story?
    • High scores should be given to those applications that demonstrate passionate teams with significant expertise in the relevant business sector

TIMELINE

APPLICATION OPENSonJan. 15 2021

APPLICATION CLOSES on Feb. 28, 2021
Short-listed start-ups are paired with mentors and progress to the 2nd Stage

FINALISTS SELECTIONby Mar. 10 2021
Top 3 finalists are chosen to take part in the pitch at the LBS Africa Business Summit

AFRICA BUSINESS SUBMITon Apr. 3, 2021
Finalists pitch at Africa Business Summit to select the ACCEL Champion for 2021


OUR VISION

At the Africa Club, our vision is to have a profound impact on business development in Africa. We are therefore proud to introduce the ACCEL Awards as part of our long-term commitment to African entrepreneurship. The ACCEL Awards is designed to recognize promising African start-ups and providing them with an international platform to promote their ideas, brands and businesses.

For our sponsoring partners, the ACCEL Awards creates an open platform to engage with emerging African leaders and innovators, and identify pioneering trends and business opportunities. It also offers a unique opportunity to partner with the London Business School, one of the world’s elite business school, get unparalleled visibility and access some of the world’s most successful corporations, innovative entrepreneurs, media firms and global talent pool.


ABOUT US

London Business School Africa Club
The ACCEL Awards is an annual business start-up contest organised by the London Business School’s Africa Club in collaboration with the Club Alumni and Corporate partners including FTSE 100 companies, venture capital firms, entrepreneurship incubators and media companies.

The Africa Club is a student-run club at London Business School. We exist to promote engagement on Africa within the school and with the broader business community, either in London, Africa or globally. Our members are individuals who have either worked in Africa or have cultural or professional interests in the continent.

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