INDIAFRICA BUSINESS VENTURE CONTEST 2014 AWARDS CEREMONY
The Awards ceremony of the IndiAfrica Business Venture Competition 2014 was held at the Ghana Institute of Management and Public Administration (GIMPA), Accra, on 10th June 2014.
Hon. Mahama Ayariga, Minister of Information and Media Relations, Government of Ghana, was the Chief Guest at the Awards Ceremony. The event was attended by 200 invited guests including members of the diplomatic corps, senior officials, academicians and cultural personalities, businessmen and members of the Indian community in Ghana.
Organized by the IdeaWorks Design & Strategy Pvt. Ltd (India) under the aegis of the INDIAFRICA: A Shared Future programme, which is supported by the Ministry of External Affairs, Government of India, the competition was open to students and young entrepreneurs from both Africa and India. Over 1800 students/teams from 40 African countries and India had registered for the competitions this year.
After scrutiny of the business plans submitted by the participants, 8 teams (3 from India, 2 from Nigeria, 1 from Ghana, 1 from Senegal and 1 from Zambia) were shortlisted by Indian School of Business (ISB), Hyderabad; Ghana Institute of Management & Public Administration, Accra; Said Business School, Oxford University; and WOXSEN School of Business, Hyderabad, with enterprise support from Indian Angel Network, GSF India and Villgro, to present their business plans to a panel of Jury members at Accra on June 10 at GIMPA.
All the finalists made their presentations to a 20-member Grand Jury comprising of academicians, investors and entrepreneurs from both India and Africa on 10th June 2014 at GIMPA, Accra. One contestant each from India and Africa was selected for the WOXSEN INDIAFRICA Prize of INR 750,000 (eq. US$ 12,500) and a trip to Davos in January 2015 at the time of the World Economic Forum Annual Meeting. The other finalists were also given prizes and certificates. This year, the Grand Jury prize winners were -
From India, Prabhat Kumar, a Fellow of the Young India Fellowship Programme, is the Grand Prize winner and a recipient of the Woxsen School of Business (Hyderabad, India) INDIAFRICA Prize of INR 750,000 INR (eq. US$ 12,500). Prabhat has also won a unique trip to Davos during the World Economic Forum Annual Meeting 2015.Prabhat and his team developed MicroX Labs product, a low cost, portable, easy to use, ICT enabled blood test analyzer for a complete blood cell count test, which can detect and indicate more than 25 types of diseases like anaemia, several infections & immune deficiencies, cancer diagnostics, etc. at a very early stage. They are currently in the process of being incubated at Indian Institute of Science (IISc), Bangalore.
From Africa, Obanor Chukwuwezam is the Grand Prize winner and a recipient of the Woxsen School of Business (Hyderabad, India) INDIAFRICA Prize of INR 750,000 (eq. US$ 12,500). Obanor has also won a unique trip to Davos during the World Economic Forum Annual Meeting 2015. His team has developed an online platform, Prepclass.com.ng, which is an e-learning platform that uses the latest web technologies to ensure that school students get relevant local content such as past questions, past tests, class notes, interactive audio and 2D/3D videos on demand via their digital devices.