Applications are invited from Nigerian University students for the 2020 National Enterprise Challenge. The deadline for the submission of applications is 30th September 2020.
National
Enterprise Challenge is an initiative of the Directors of Entrepreneurship
Centres across Nigerian Universities and are being supported by the National
Universities Commission (NUC). The competition is open to all current students
irrespective of their field of study, undergraduate or postgraduate, full time
or part-time. They must however be studying in a Nigerian University.
National Enterprise Challenge is geared towards improving
the entrepreneurial mindset and motivating Nigerian University students to
start and run ventures even while at school rather than looking for employment
after graduation. The challenge will be opened from 21st August 2020 – the
World Entrepreneurship Day till 30th September 2020.
Selected
entrepreneurs will pitch at the Regional level between 12-24 October 2020.
Regional winners will be declared by 31st October 2020 and the top three in
each region will proceed to compete at the national where ONLY 18 will be
finalists.
National Enterprise Challenge Prizes.
Top
three winners will be awarded grants to start or grow their venture as follows:
- 1st
Prize – N1m
- 2nd
Prize – N750,000
- 3rd
Prize – N500,000
Regional
winners (1st to 3rd ) will receive consolation prizes even as they proceed to
the finals.
National Enterprise Challenge Selection Criteria.
As
part of the process, finalists will be required to send a 3-minute video of
their pitch which will be uploaded for general viewing and voting by the
public. Results from the public vote will constitute 30% of the total marks.
The remaining 70% will be decided by our Grand Jury during the Global
Entrepreneurship Week holding 16-22 November 2020.
How to Apply for National Enterprise Challenge.
Click
on Start Application to initiate your application, or click on Continue
Application if you are a returning applicant.
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