EthioSpur 2022


Following the success and lessons learned from the first competition, EDI is now ready to kick-off the second edition of EthioSpur Business Plan Competition. For this year, EDI designed the 2022 EthioSpur to be a National Business Plan Competition targeting Micro and Small businesses.

 

Prizes


Monetary Prize

Cash grants will be awarded to the top 5 businesses.


500,000 ETB

1st Place

400,000 ETB

2nd Place

300,000 ETB

3rd Place

200,000 ETB

4th Place

100,000 ETB

5th place


 
Non-Monetary prize

On top of the grant fund, Ethiospur will provide multiple non-monetary prizes that are helpful to take their businesses to the next level.

 

Awarding Process



Complete and submit your Application

Stage 1

Round 1 Judging: Top 40 semi-finalists annoucement

Stage 2

Round 2 Judging: Top 20 finalists annoucement

Stage 3

Grand Finale: Top 5 winners

Final Stage


 

Application Guidelines


The application consists of five sections;

Eligibility criteria

Only applicants who meet the criteria will have their application reviewed.

Instructions

Applications can be submitted at the EDI office or emailed to: info@edi-ethiopia.org. Applicants can also complete an online application at bit.ly/3TzEl1E. The application template will be available at EDI HQ (Nega City Mall Building 3rd Floor Kazanchis, Addis Ababa - Ethiopia) and to download and print at Application Form English, Application Form Amharic, Application Form Afaan Oromo

 
Application Deadline: February 28,2023
 

Prizes: We expect to announce the prize winners by May 25, 2023. We will contact you using the lead applicant’s contact details as entered on the application form for all future communication.

Please note: One of EDI’s strategic focus is to create enabling environment for entrepreneurship and innovation via conducting research. By submitting your application to the EthioSpur Business Plan Competition, you are consenting to share your information with external researchers who may use it to contact you for additional information and to conduct research.

F.A.Q

Frequently Asked Questions

  • There is no priority sector or type of businesses.

    •      
    • An applicant must be an Ethiopian citizen.
    • Existing Business (Micro and Small size)
    • Total annual revenue must be up to ETB 5,000,000
    • Operating in any industry sector with a formal business license.
    • Be majority owner of the business.
    • Business must be atleast 1 year old with corresponding revenue.

  • Incomplete applications will automatically be disqualified from the competition.

  • If you have any questions, please contact apply.ethioSpur@gmail.com and make a copy to info@edi-ethiopia.org. All email queries will receive a reply within 2 business days. Alternatively, you may call the EthioSpur helpline: +251-115-571-150. Additional contact information for each EDI office can be found in the Application Guidelines.

  • No, you need to have a formal business.

  • Yes!

  • You can submit your application at any EDI office, by email, or through the online application.

  • We recommend you complete the application in English, if possible. This is because applications completed in other languages will be translated into English, and we want to avoid any incorrect depictions of your business in the translation process. Therefore, it is best if you complete the application in English. However, applications are available in Afaan Oromo, and Amharic for your convenience.

  • Yes, but only if you are the majority shareholder of another business. You cannot apply for twice for same business.

  • You can not make changes after the deadline.

  • A person is a majority owner of a business if they own more that 50 percent of a company's shares or ownership.

  • Revenue is the total amount of income generated by the sale of goods or services related to the company's primary operations. Profit is the amount of income that remains after accounting for all expenses (e.g., operating costs, employee salaries, inventory purchases, debt payments, and so on).