StarNews Mobile, in partnership with the United States Agency for International Development (USAID) and the Global Black Economic Forum (GBEF), is thrilled to announce a new business competition for Nigerian entrepreneurs.
This competition offers a golden opportunity for SMEs and startups in Nigeria to secure funding, mentorship, and business support to elevate their entrepreneurial ventures.
Eligibility Criteria
To participate in this competition, applicants must meet the following criteria:
- Nigerian Ownership: The business should be at least 50% Nigerian-owned and operated.
- Registration: The business must be registered in Nigeria with a valid Corporate Affairs Commission (CAC) certificate.
- Operational Scope: Business activities should primarily take place in Africa.
- Online Presence: The business must have a web or social media presence with a minimum of 1,000 followers.
- Operational History: The business must have been formally operating for at least two years and show at least two years of consecutive turnover.
- Impact: The business should generate positive impacts for Africa by contributing directly to the Sustainable Development Goals (SDGs).
Benefits for Winners
Winning this competition provides numerous benefits:
- Personalized Mentoring: Winners will receive mentoring from industry experts to guide their business growth.
- Funding Opportunities: Access to substantial funding to fuel business expansion.
- Networking: Potential partnerships that expand your business network.
- Development Tools: Essential tools and resources for driving socio-economic development in Nigeria.
Prizes
The competition offers substantial cash prizes:
- 1st Prize: N5,000,000 (Five Million Naira)
- 2nd Prize: N3,000,000 (Three Million Naira)
- 3rd Prize: N2,000,000 (Two Million Naira)
Additionally, all participants will gain exclusive access to StarNews Mobile’s extensive investor network, providing further opportunities for growth and success. Mentorship will also be provided by the Global Black Economic Forum Academy.
Deadline
The deadline for applications is June 15th, 2024.
Click HERE to apply and take the next step in your entrepreneurial journey.