Stella Sigana, the founder of Alternate Waste Technologies, a Kenyan energy company dazzled judges at the NextGen in Franchising Global Competition last year with her unique ideas of making briquettes. She eventually won the 2018 Social Franchise award defeating many other competitors.
She had joined fellow east Africans Bazil Mwotta Middemu the founder of AgroDuuka as well as Edwin Inganji of Usalama Tech Group Limited, based in Kenya.
It was a great feat as they convinced a panel of judges who included guest judge Daymond John of popular TV show ‘Shark Tank” on the essence of entrepreneurship in East Africa. Now, other East Africans have a chance to compete in the highly acclaimed entrepreneurial competition.
The International Franchise Association (IFA) Foundation has announced it is accepting applications for its annual NextGen in Franchising Global Competition.
The worldwide contest that engages millennial entrepreneurs seeking to grow their businesses through the franchise model, and the only business incubator in the world focused on franchising.
Since the inception of the NextGen in Franchising Global Competition, nearly 2,000 millennial entrepreneurs from more than 75 countries have applied. Applications will be open through Aug. 31, 2018.
“The NextGen in Franchising competition is truly a one-of-a-kind program that continues to evolve year after year as we identify business concepts worldwide that have the potential to grow through franchising,” said David McKinnon, 2nd vice chair of the IFA Foundation and chair of the NextGen in Franchising Committee.
“Being the only competition and business incubator tailored to help millennial business owners grow their concepts through franchising, NextGen provides unparalleled resources and access to seasoned leaders in the industry. We established the competition to not only drive the success of the next generation of franchisors, but also to fuel the growth of the overall franchising community. Each year we are blown away by the quality of applications we receive and are extremely excited to learn about the emerging businesses that are ready to take the next step in 2019. ”
The NextGen in Franchising Global Competition is open to companies that have been operating for 1-5 years, have the potential to scale through franchising, and with founders ages 21-35.
Twenty winners will receive a trip to the IFA’s 59thAnnual Convention in Las Vegas from Feb. 24-27, 2019; a spot at the NextGen in Franchising Summit, a two-day educational and networking program for next generation entrepreneurs at the IFA Annual Convention; an accelerator program with industry leaders and CEOs; an opportunity to participate in the final round of the NextGen in Franchising Global Competition for a chance to win a monetary investment to help grow their business; and opportunities to network with leading franchisors, franchisees, and suppliers, as well as other young entrepreneurs.
The 2018 NextGen in Franchising Global Competition winners hailed from eight countries around the world, including the United States, Canada, the Philippines, Australia, Kenya, Nicaragua, Uganda and Hungary.