The Ugwumba Enterprise Challenge 2022 is an idea pitching and grant competition for young entrepreneurs and innovators in Nigeria who are growing innovative startups in different sectors of the economy.
It is an initiative of the Ugwumba Movement geared toward providing funding opportunities for African Youths in Business. The Program Highlights include the idea Pitching, Online Bootcamp for over 1000 Youth, Presentation of Awards to the Best Ideas.
Based on the Successful conduct of the Ugwumba Enterprise Owerri Challenge in May 2021, The Program has gotten Sponsorship from National Directorate for Employment (NDE), Standards Organization of Nigeria (SON), Corporate Affairs Commission (CAC), NAFDAC, Industrial Training Fund (ITF).
This is a Call for Applications for the Ugwumba Enterprise Challenge: Abuja Edition, scheduled to hold on the 13th of December, 2022.
The Ugwumba Enterprise Challenge is an idea pitching and grant competition for young entrepreneurs and innovators, who have ideas that we can transform into mega business ventures with grants, training, and mentoring opportunities.
Organizer: Ugwumba Enterprise Centre
Deadline: 30- Sept-2022
Country: Nigeria
Age range: 18-45 years
Grand Final Venue: 13th of December, 2022 at the Sheraton Hotels, Abuja.
The Ugwumba Leadership Center is pleased to announce the 5th edition of the Ugwumba Enterprise Challenge.
Eligibility Criteria for Ugwumba Enterprise Challenge
You are eligible to apply for this Challenge;
- If you are a Nigerian (living in Nigeria)
- Either male or female between 18 and 40 years of age
- Have an idea that can be turned into a business or social enterprise.
This edition shall be open for all young Nigerians, who have ideas that can be launched into successful businesses or social enterprises.
Must be an Entrepreneur with a cutting edge Idea. The Challenge shall be for male and Female Innovators who can make it to Abuja for the Grand Finale
Through the Enterprise Challenge, about 1,000 Nigerian youths who have various business ideas shall be admitted into the Online Boot Camp.
How Much Can I Win at the Ugwumba Enterprise Challenge?
- 1st Prize: 1 Million Naira
- 2nd Prize: 700,000 Naira
- 3rd Prize: 500,000 Naira
- 4th Prize: 300,000 Naira
- 5th Prize: 200,000 Naira
- Consolation Prizes: 50,000 Naira for the 6th to 10th place winners.
About the Sponsor
The Ugwumba Enterprise Challenge is sponsored by the Ugwumba Movement headed by the then Imo State Chief of Staff and a former Governorship Aspirant Hon. Uche Nwosu. Uche Nwosu (born August 8, 1975), is a Nigerian politician former Deputy Chief of Staff to the Imo State Government from 2011 to 2013, Commissioner for Lands from 2013 to 2015 and recently as the Chief of Staff from 2015.
Currently, Uche is a philanthropist and a lover of Youths. He believes that if the Youths are empowered massively. The Countries future is assured. The Challenge is a way of getting his passion to work.
Sectors
Whether you are operating in agriculture, food technology, renewal energy, information technology, health technology, telecommunications, etc, you are free to apply for the competition.
Business Stage
They are interested in early startups and those whose businesses are still at the ideation stage.
The reason is because, they want to serve as angel investors to such persons whose ideas would have died with them if they do not participate in an impact investment program like the Ugwumba Enterprise Challenge 2022.
How can I win the Challenge?
Make sure you have a very sharp innovation and the Innovation is very scalable. Remember all winners must pass through the pitching Competition. Prepare to pitch your Ideas. Learning and practicing communication Skills as a good idea needs a powerful pitch to scale through.
Remember to sell yourself in the game your speech should drive the personality you are into the process. Never disobey the regulator. Carefully arrange your powerful points to come before the time is up.
You can follow and also be part of the ongoing conversations about this national event with these hashtags, #UgwumbaEnterpriseChallenge, #UECAbujaEdition, #UgwumbaLeaders
Therefore, to apply for this challenge, visit the link below now