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LifeBank, a Nigerian healthtech startup that delivers blood and other essential medical supplies to hospitals, has been awarded $250 000 after it was named the winner of the inaugural Africa Netpreneur Prize.
The prize is an initiative of Alibaba Group founder and former executive chairman Jack Ma and will award $10-million to 100 African entrepreneurs over the next 10 years. It aims to support small business growth, grassroots innovation and women founders (see this story).
As part of the initiative the Jack Ma Foundation will each year host an annual pitch competition, with 10 finalists selected from across the continent to showcase their talent and business ideas and compete for $1-million in prize money.
LifeBank founder Temie Tubosun was also awarded the Africa Business Hero Award
LifeBank, which was founded in 2016 by Temie Tubosun (pictured above), was last Saturday (16 November) named the winner of the initiative’s inaugural pitching competition at an event held in Accra, Ghana.
Tubosun was also awarded the Africa Business Hero Award.
The winners were selected by a panel of judges that included Ma, Alibaba executive vice chairman Joe Tsai, Econet Group founder and executive chairman Strive Masiyiwa and The Chair Centre Group founder and CEO as well as First Bank of Nigeria chairman Ibukun Awosika.
Temie, of @lifebanknigeria, has become famous for her slogan: “We’re in the business of saving lives”. She’s taken her seat on the panel to seek wisdom from the judges and earn a winning spot. #ANPI2019 #LookingForHeroes pic.twitter.com/ZYXaQVz9Ne
— Africa Netpreneur Prize Initiative (@AFNetpreneurs) November 16, 2019
Read more: Africa Netpreneur Prize Initiative announces 10 finalists in running for share of $1m
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Read more: Jack Ma challenges Africans to seize opportunities, announces $10m prize
Read more: Yes, we’ve closed $200 000 EchoVC-led round confirms Nigerian startup LifeBank
Feature image: Lifebank founder Temie Tubosun (Africa Netpreneur Prize via Facebook)