Orange to launch Le 150 Million Promotion

150 MILLION LEONES UP FOR GRABS

100 MILLION FOR OSVP GRAND PRIZE WINNER AND 50 MILLION LEONES FOR SPECIAL NOBLE WOMEN’S AWARD

Orange Sierra Leone is set to launch the third edition of its “Orange Social Venture Price (OSVP)” with a whopping star price of one hundred million Leones to innovative Sierra Leonean men and women who have ventured into the business world with innovative ideas.

In addition, the International Women’s Prize is the first to be observed in SL, wherein an assessment of how ICT solution will positively impact women’s development. Grand prize for this category includes 50 million Leones with internet Speed Box router and Monthly subscription over a period of 6 months.

The Orange Social Venture Price (OSVP) is an annual program organized by Orange Group to showcase innovative young minds by providing financial support as start-ups and putting expertise in the management of new businesses, using Information Communication Technologies (ICTs) through its implementing partners “Pitch Night Sierra Leone”.

Orange Social Venture prize further seeks to support new businesses and start-ups in Africa, Sierra Leone, to be specific, by providing start-up capital for young potential entrepreneurs and promote social innovation for development, through ICT.

Dynamics of OSVP

During the course of this competition, each country is expected to evaluate their respective projects based on certain criteria such as;

  •  social and/or environmental impact
  • The degree of innovation embedded in the ICT usage
  • The capacity of extending distribution of the product or service to several countries
  • The financial viability of the project
  • The realistic and operational nature of the project

Registration starts on Tuesday 22nd March 2021 and  all projects must be submitted not later than Friday, 4th June, 2021 at 12 Midnight GMT.  Submissions beyond this date will not be accepted.

  1. Projects must be submitted in a word document to: email; osvp2021@innosl.com, and all national applicants must also apply on the OSVP international application platform: https://startup.orange.com/en/orange-social-venture-prize/poesam-submit-your-candidature/
  2. Send an email to osvp2021@innosl.com to request an application form.

National Contest Rules

  • Open to both Male and Female
  • Participants must be at least 21 years old
  • Ideas or post revenue. If post revenue, the companies must not be more than 3 years old at the launch date of the competition.
  • Innovators who are not yet entrepreneurs are eligible to participate
  • Entrepreneurs whose businesses have existed for more than three years are NOT eligible to participate.
  • Your business idea must be innovative and MUST leverage on technology (digital  technologies, ICTs and /or exponential technology)
  • Your business idea must create measurable social impact.
  • Your idea must address livelihood challenges of communities at the bottom of the pyramid.  For example, slum communities, villages, women etc.

Entry file relative to the Project

The format authorized is that of a file in PDF format of 10 Mb maximum.

Important: The name of the said file must be strictly identical to the name of the Project mentioned in the first field of the entry form. The elements necessary to complete the Project File are as follows:

  • Summary presentation of the Project: between 1,000 and 2,000 characters, outlining the social/environmental your ICT solution will address.
  • Market analysis: segmentation, SWOT, competition, partners (financial, strategic etc).
  • Identification of the market opportunity.
  • Presentation of the product/service proposed.
  • Information about the management team.
  • Financial forecasts for three (3) years (business plan).
  • Evaluation of the societal impact.

National Prizes

  • 1st Prize Speed Box + Monthly subscription over a  period of 6 months (fair usage policy applies)

               Certification

               Material/Technical Assistance Cash Prize:  SLL 100m

  • 2nd Prize Speed Box + Monthly subscription over a  period of 6 months (fair usage policy applies)

               Certification

  • 3rd Prize Speed Box + Monthly subscription over a  period of 6 months (fair usage policy applies)

               Certification

  • The remaining 2 Pitchers – Consolation Prizes   Speed Box + Monthly subscription over a  period of 6 months (fair usage policy applies)

               Certification each

  • 2nd Prize Speed Box + Monthly subscription over a  period of 6 months (fair usage policy applies)

               Certification

In the case of any difficulty, interested applicants are advised to forward their application to the below email address.

OSL_PR@orange-sonatel.com

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