Winning prizes

The judges will determine the ranking of all ventures using a combination of raw scores from the three Facebook Live! pitches and demos, rankings and any other means that they deem appropriate at the time. Feedback from the judges will be given to the teams at each stage of the competition. Such feedback may or may not fully represent all factors considered by the judging panel when determining the winners of any prize.

The cash and in-kind prizes below are offered in return for negotiated equity in the company as applicable. 

First place: RWF 2,000,000.00 in cash prizes

• + inclusion on the 1000 Alternatives’ Companies List to attract funding and investments.
• + foreign missions and trips to access technology licensing and/or other business-to-business partnerships with like-minded companies.
• + inclusion in the incubation and acceleration programme run by 1000 Alternatives and its partners.
• + Bespoke introduction and access to leading investors in your choice of Israel, Finland, Sweden and South East Asia. The offer is open to the winning team collectively.
• + 120 days development support from 1000 Alternatives Nairobi and partners.
• + Free incorporation, Free Business Setup Support and Free Corporate secretary services (applies for simple structures, that have up to 5 individual directors/shareholders) for the first year of services.

Second place: RWF 1,500,000.00 in cash prizes

• + inclusion on the 1000 Alternatives’ Companies List to attract funding and investments.
• + foreign missions and trips to access technology licensing and/or other business-to-business partnerships with like-minded companies.
• + inclusion in the incubation and acceleration programme run by 1000 Alternatives and its partners.
• + Bespoke introduction and access to leading investors in your choice of Israel, Finland, Sweden and South East Asia. The offer is open to the winning team collectively.
• + 120 days development support from 1000 Alternatives Nairobi and partners.
• + Free incorporation, Free Business Setup Support and Free Corporate secretary services (applies for simple structures, that have up to 5 individual directors/shareholders) for the first year of services.

Third place: RWF 1,000,000.00 in cash prizes

• + inclusion on the 1000 Alternatives’ Companies List to attract funding and investments.
• + foreign missions and trips to access technology licensing and/or other business-to-business partnerships with like-minded companies.
• + inclusion in the incubation and acceleration programme run by 1000 Alternatives and its partners.
• + Bespoke introduction and access to leading investors in your choice of Israel, Finland, Sweden and South East Asia. The offer is open to the winning team collectively.
• + 120 days development support from 1000 Alternatives Nairobi and partners.
• + Free incorporation, Free Business Setup Support and Free Corporate secretary services (applies for simple structures, that have up to 5 individual directors/shareholders) for the first year of services.

All other participants: No cash prizes

• + inclusion on the 1000 Alternatives’ Companies List to attract funding and investments.
• + inclusion in the incubation and acceleration programme run by 1000 Alternatives and its partners.
• + 120 days development support from 1000 Alternatives Nairobi and partners.

Where do these prizes come from?

• The operational costs and prizes above are provided by the co-founders of 1000 Alternatives (Rwanda) from own funds.
• The co-foudners are also fund-raising from partners who have as their mission is to help build great entrepreneurial leaders and successful ventures .
• All funds raised will be applied towards prizes with a small percentage applied towards supporting operational costs.
• 1000 Alternatives (Rwanda) will share a full accounting of the use of any funds raised on this space at the end of the competition.
• More prizes may be included and the above prizes may be reviewed upwards as more funds and in-kind contributions become available through partners.

Preparing your submission

1. Download and complete the Rules and Eligibility Checklist
2. Download and complete the following slide deck with details of your venture(s) making sure that all slides are completed :  Slide Deck Template 
3. OPTIONAL: Create a 2-minute pitch story and video using instructions freely available on the internet. The following instructions available and developed by Technovation are also helpful: Pitch Story and Video Instructions

Note: You can download additional PowerPoint slide resources to use in your slide deck from this location: Additional PowerPoint Slide Resources

Making your submission

• Ensure all your team members have “liked” the 1000 Alternatives Facebook Page
• Email your completed Rules and Eligibility Checklist (from step 1 above), your completed slide deck (from step 2 above) and the link for your uploaded pitch story video (if you have created a video) to the following email address: impact.reimagined@alternatives.world

Further information

For assistance and help in making your submission, please reach out to us at the following contact details. Kindly note that any form of canvassing is grounds for automatic disqualification from this competition.

Email: impact.reimagined@alternatives.world
Mobile: +250 788 487 762 
Join the #ImpactReimagined 2019 group through the following link: https://chat.whatsapp.com/DlBJEBl8AxtFYb2I62jIg9

Summary

The request for proposals was left open from the 15th of December 2019 to the 28th of February 2020 as per plan. A total of 28 submissions were received, but only 23 of the submissions passed the stage of long listing.

The criteria applied for the long list was simply: did the submission have all the required documentation as per the submission instructions and was the submission made on or before 11:59 PM on the 28th of February?

The long list was shared on the WhatsApp group, on the 1000 Alternatives Facebook page and is repeated on this web page below.

The next step will be the appointment of judges (5 in number) to vet the long list into the final list of 16 ventures to participate in the mentorship/incubation and to compete for points in the three rounds of demos and pitches to follow leading to the award of the various prizes at the end of April.

Long list

Important note on Coronavirus

In line with the guidelines from the Ministry of Health for the Government of Republic of Rwanda on not having large gatherings, we are thinking of alternatives to the mentorship/incubation programme that required the competing teams to work together in one location at specified time periods.

Please join us at the following time and online meeting room to contribute to suggestions on how to move forward with that stage of the competition under the current constraints. Your participation and input in this meeting will be highly appreciated.

Date and time of the Zoom call: 23rd March 2020 at 17:30 hours Kigali time.
Meeting room (just click the link to load): https://www.zoom.us/j/2665549936 
Meeting room password: ZCKL8y

Summary

Six judges reviewed the long-list of valid submissions to select the top 16 ventures that will move forward into the incubation process to get support on the strengthening of their business and impact models. A total of 17 ventures were selected as there were two ventures that had equal scores for position 16 and position 11.

The list of 17 ventures was shared on the WhatsApp group, on the 1000 Alternatives Facebook page and is repeated on this web page below.

The next step will be to have the 17 ventures participate in the mentorship/incubation process and to compete for points in the three rounds of demos and pitches to follow leading to the award of the various prizes at the end of April, if the Covid-19 measures do not restrict the same.

Top 17 ventures to go into incubation and to compete for cash prizes

Important note on Coronavirus

In line with the guidelines from the Ministry of Health for the Government of Republic of Rwanda on not having large gatherings, we are thinking of alternatives to the mentorship/incubation programme that required the competing teams to work together in one location at specified time periods.