EthioSpur Launch

About the EthioSpur Competition

EDC is proud to announce its newest initiative to promote and support emerging entrepreneurs, the EthioSpur Business Plan Competition.

The EthioSpur Business Plan Competition is designed to provide passionate entrepreneurs with the opportunity to expand and scale their business. The competition is open to any existing businesses, no matter how big or small, and is a great opportunity for entrepreneurs to chart new beginnings and spur their business success even further.


The Prizes:

Grand Winners: The top three winners of the competition, Ethiopia’s most promising entrepreneurs, will win a monetary grant to take their business to the next level:

1st prize: ETB 300,000

2nd prize: ETB 220,000

3rd prize: ETB 140,000

Finalists: The top 20 entrepreneurs will be commended as Ethiopia’s Businesses to Watch and given the following award in business promotion and publicity. The businesses will be showcased on EBS Television, and on the EDC website for a period of one year, as finalists of the EthioSpur Business Plan Competition.

Semi-Finalists: The top 100 entrepreneurs will offered fast-track assistance and access to lending institutions for credit opportunities to support their businesses.


How to Apply:

The competition is currently accepting applications until January 20, 2020.

Download the application available in English , Amharic, Afaan Oromo, Tirgina

The application can be submitted in hard copy at any EDC office or emailed to: and copy to

You can also complete an online application: Click here 

Directions and eligibility can be found in the application guidelines; English , Amharic, Afaan Oromo, Tirgina in Please be sure to carefully read the application guidelines prior to completing the application form.

Applications will be reviewed by a team of experts and a thorough due diligence process will be undertaken for all winners.


Still have questions?

We may have the answer on our Frequently Asked Questions or contact for any additional questions and information.

Be a part of this journey with EDC to spur your business and personal success. We hope to receive your application soon!


Contact Information:

Addis Ababa (HQ)  Boru Shana,

+251 913414363

Amhara Region Yibeltal Elias


Oromia Region Fetene Alemu,


Tigray Region Goitom Abadi


SNNP Region Getenet samuel