FAQ

The first round of Applicant’s are chosen from Debra Berhan University, Debra Berhan, Ethiopia.

About the Award: ASC Engineering Service, fully operates the entrepreneurial Engineering Development, is an Ethiopian American diaspora company engaged in engineering focusing on system development and design in the renewable energy in Ethiopia and Africa empowering the next generation entrepreneurs to transform their ideas into ventures that address Ethiopia’s and Africa’s most pressing challenges.

This program call for a minimum of 5 students to work together as a team to come up with solutions to technical or service challenges that will make a difference to the life of the citizens of Ethiopia, Africa and in the process become a break through innovation that will have an economical benefit to the stakeholders.

ASC will award prizes to early-stage professional venture teams that show the highest, most integrated financial and social returns – businesses that demonstrate blended value.

Eligibility Requirements for Ventures

• Submitted ventures should aim to be:financially sustainable or profitable; whether it is a for-profit, non-profit, or hybrid business model, your venture must aim to be self-sufficient on earned revenue.
• Submitted ventures should be scalable for long term. This criterion will mean different things for each business. Scalability will take into account the potential for growth of the business, both financially and in its social impact.
• Submitted ventures must have a quantifiable social and/or environmental bottom line incorporated into their mission and practices.
• Your entry must include a financial analysis as well as a Social Impact Assessment (SIA), including the Social Value Proposition and Social Indicators.
• Submitted ventures must be from 2017 graduating students from the University of Debra Berhan.
• ASC has the right to investigate qualifications of ventures to assure that they are truthful and honestly participated in their engagement with us. The lack of trustworthy can affect the longevity and continuity of these ventures.

• Your team must include 5 student minimum working together, current or recent graduates, from any level of higher education (undergraduate, masters level/graduate, or doctoral) in any area of study in Ethiopia; It will be preferable to include technical, business and financial background seniors or graduates in a team.
• Recent students must meet the following criteria:  
  • Recent college/University student enrolled as a senior
  • Recent Bachelor’s degree holders must have completed their degree with four (4) years of the application deadline
• Your team should include a statement describing the student’s level of involvement for each member.

All qualifying students, who will be selected for an interview should have one of the team member be in position to be available to defend the proposal in front of selected judges regarding the proposal merit and excellence.

The ASC entrepreneurial Competition leads entrant teams through a realistic learning process to develop innovative, scalable solutions to Ethiopia’s and Africa’s greatest challenges.  Through our commitment to the youth in Ethiopia, we plan to achieve job creation and, we give teams the finance needed to advance their technical ventures.

A team’s ability to demonstrate progress in these areas will be an important determinant of its venture’s overall score, which in every aspect is evaluated on business potential, technical capability, social impact potential, and likelihood of success.

Visit Program Webpage for details

Award Provider: ASC Engineering Service (ASC),

3150 Hilltop Mall Rd

Richmond, CA 94806

[email protected]

USA

 

APPLY IN PERSON AT:

Abyssinia Tower

Floor 8^th, Suite 801

Sub City: Bole, Wereda:03

Po Box 28521/1000

Addis Ababa, Ethiopia