Ekiti Enterprise Challenge

Ekiti Enterprise Challenge

Ekiti Enterprise Challenge

Application deadline: September 30 2020

 

About the challenge:

Ekiti Enterprise Challenge (EEC 2020) is a Social Impact Driven Community based enterprise Pitch competition designed to be an annual event for Brilliant Creative, Gifted, Talented and innovative entrepreneurs who resides and are established in Ekiti Communities in Nigeria, with business ideas which have potential to create decent work and sustainable jobs, grow exponentially and scale beyond Ekiti local Market to a National and Global Market.

 

The vision and impact deliverable of Ekiti Enterprise Challenge is to identify, discover, support and mentor creative and innovative young Ekiti entrepreneurs with business ideas that have potential to grow exponentially beyond Ekiti Local Market and scale up their market reach. The Ekiti Enterprise Challenge planned to hold during the UN Global Entrepreneurship Week between November 16 – 22, 2020.

Ekiti Enterprise Challenge is part of their commitment to giving back to the society by investing in young entrepreneur. It is our expectation that Ekiti Enterprise Challenge will help in restoring Ekiti Values by raising the next generation of Ekiti young entrepreneur who will make Ekiti Great again by establishing sustainable businesses that have potential to create  decent jobs and economic growth which are in line with The United Nations Sustainable Development  Goals 1, 8, 9,11 & 17

 

 

How EEC 2020 will hold

Call for application for Ekiti Enterprise Challenge  2020  will commence on 1st of September 2020 and Close on 30th September 2020. In October 2020 after the close of applications, a team of independent business development consultants will review the applications and shortlist successful young entrepreneurs that will be invited to attend a 5 Days Enterprise Development Bootcamp, where they will be groomed and prepared for the final stage which will be assessed by a panel of judges who will select the winners for the Ekiti Enterprise Challenge 2020.

 

Prizes

The winning enterprise will receive a Grant Prize of One Million Naira (N1, 000,000) while 3 runner ups will be awarded consolation Prizes of Five Hundred Thousand Naira (N500,000), Three Hundred Thousand Naira (N300,000) and Two Hundred Thousand Naira (N200,000) respectively.

 

Who can apply

  • Business Established & Resident in Ekiti State. Intending participants must have a business established and resident in any of the communities in Ekiti State.
  • Applicant Between 18-35 Years Age Bracket. EEC is open to Young Entrepreneurs residents in Ekiti State who fall within the 18 to 35 year age bracket.
  • Business Must Have passed through the ideation stage. The business idea passed through the ideation stage, be at least 12 months old, and already generating revenue.
  • Business Have Potential For Exponential Growth. Must have innovative product & services with a sustainable business model that has the potential to grow exponentially and scale beyond the local market to national & global market.
  • Business registered with CAC & have a corporate bank account. Business Must have been registered with CAC must have a corporate bank account with a corporate Governance Structure.
  • Clarity Business Model with Leadership Capacity To Deliver.Clarity Business Model with Leadership Capacity to deliver the proposed business value proposition

 

Categories for application

Below are Categories of Business For Applications We Are Looking For

  1. Innovation Technology
  2. Agriculture & Food Processing
  3. Fashion Designing
  4. Tourism, & Hospitality
  5. Art & Crafts
  6. Shoes and Leather Works Production
  7. Furniture & Upholstery
  8. Interior Designs & Decorations
  9. Confectionaries & Event Management
  10. Entertainment & Music Productions
  11. Green Enterprises, Waste Management & Recycling

 

Ekiti Enterprise Challenge (ECC) 2020 Timeline

Call for application for Ekiti Enterprise Challenge  2020 will commence on 1st of September 2020 and Close on 30th September 2020. In October 2020 after the close of applications, a team of independent business development consultants will review the applications and shortlist successful young entrepreneurs that will be invited to attend a 5 Days Enterprise Development Bootcamp, where they will be groomed and prepared for the final stage which will be assessed by a panel of judges who will select the winners for the Ekiti Enterprise Challenge 2020.

  • Pitch Competition In November 2020 after the 5 Days boot Camp Program the 20 Final applicants will Pitch Their Ideas to a team of Board of Judges who will screen their ideas and select Winner and Runner ups for Ekiti Enterprise Challenge 2020.

 

  • The award, Prizes Presentation, & Networking Dinner: After the Judges have selected the winners, Prizes and  Awards will be presented to the finalists in the following categories:
  • Winner– N1,000,000 + 1 Year Business Support/Growth Opportunities while 3 runner ups will be awarded consolation Prizes of Five Hundred Thousand Naira (N500,000), Three Hundred Thousand Naira (N300,000) and Two Hundred Thousand Naira (N200,000) respectively.

For more information, click on: EEC 2020  Or read the guideline here: EEC Guideline

 

Be the first to apply. Follow this link:

Apply here 

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