ESBPC 2022


Following the success and lessons learned from the first competition, EDI is now ready to kick-off the second edition of ESBPC. For this year, EDI designed the 2022 ESBPC to be a National Business Plan Competition targeting Micro and Small businesses, operating at least for a year, with a total number of permanent employees raining from 0-20, and total asset up to ETB 2,000,000.


Prizes


Monetary Prize

The monetary prize includes awarding the largest proportion of the prize money for Top 5 winners, and providing for a small proportion of grant for the finalists ranked from 6-10. The later will be determined by the availability of additional grant.


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, ESBPC will provide multiple non-monetary prizes that are helpful to take their businesses to the next level.


Application Guidelines


Eligibility criteria

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

Instructions
Application Period

Two-months (1st October – 30th November) of call for applications to attract Ethiopia’s most promising entrepreneurs with a high-growth potential.

F.A.Q

Frequently Asked Questions

  • There is no priority sector or type of businesses.

  • Your business must be operational for at least one year and the lead applicant must be the majority shareholder of the business. This is the only requirement to compete. In order to continue to be eligible, you must complete all questions in the application form.

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  • 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@edi0ethiopia.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.

  • Yes, but note that you will need to register your business before accepting the prize.

  • No, the application must be completed in its entirety to be considered for any of the prizes. However, the credit history will not be a determining factor in the awarding of the monetary grant. Though the information is not used in determining whether you will be awarded the monetary grant, this information will be audited for accuracy and honesty. If the credit history is found to be incomplete or dishonestly reported, you will be disqualified from the competition.

  • Yes, but remember you still must complete all components of the application (including the loan history).

  • 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.

  • It is not possible to make any changes to applications submitted through email or at office locations. For the online application, changes to the application are possible until November 30, 2022. After this deadline, no changes are possible in the online application.

  • 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).