Today, the federal government of Nigeria launched Youth Enterprise with Innovation in Nigeria (You WiN!) Programme to help young people with innovative ideas to get funding and mentorship. The program is between 3 ministries; Ministry of Finance, the Ministry of Communication Technology (CT), and the Ministry of Youth Development.
It’s a business plan assessment competition; experts are drawn from the private sector and will assess your business idea and vote you up.
Specific Objectives of the Programme include to:
Attract ideas and innovations from young entrepreneurial aspirants from Universities, Polytechnics, Technical colleges, and other post-Secondary institutions in Nigeria;
Provide a one time Equity grant for 1,200 selected aspiring entrepreneurs to start or expand their business concepts and mitigate start up risks;
Generate 40,000 to 50,000 new jobs for currently unemployed Nigerian youth over the three years during which the three cycles will be implemented;
Provide business training for up to 6,000 aspiring youth entrepreneurs spread across all geo-political zones in Nigeria;
Encourage expansion, specialization and spin-offs of existing businesses in Nigeria; and,
Enable young entrepreneurs to access a wide business professional network and improve their visibility.
There is no cap on the funding you can receive but it will be made available in tandem with your business need as provided in your business plan.
If you have what it takes to start a business or a good business plan CLICK HERE to apply straight away.
The application opens today and will close on the 4th of November this year.
