Alibaba Business School and the United Nations Conference on Trade and Development (UNCTAD) have joined hands again to promote global youth entrepreneurship by hosting 29 Africa-based business owners at Alibaba’s Hangzhou headquarters.. Hailing from 11 African countries, these entrepreneurs of the “eFounders Fellowship” program were selected through a multi-stage process.

Alibaba Group Founder Jack Ma to Donate US$10 Million to Establish Africa Entrepreneur Prize Jack Ma Foundation will recognize 100 African entrepreneurs over the next 10 years focused on grassroots innovation, economic empowerment of women and small businesses Alibaba founder and executive chairman Jack Ma used his first visit to Africa to announce the creation of a US$10 million African Young Entrepreneurs Fund. The Alibaba Entrepreneurs Fund is a not-for-profit initiative of Alibaba Group that provides entrepreneurs and young people with investment capital and strategic guidance to help them better achieve their goals. Investment Program. Alibaba eFounder Fellowship is excited to introduce Class 7 of the eFounders Fellowship, which will be open to founders/co-founders of digital ventures from Kenya, Uganda, Tanzania, Ethiopia, Rwanda, Botswana, South Africa, for a 2 week entrepreneurship class in Hangzhou, China. $1 Million Awarded to African Entrepreneurs in Grand Finale of the Jack Ma Foundation Africa Netpreneur Prize Initiative. Founder of the Alibaba Group and Jack Ma Foundation.