BOI/AGDC Youth Ignite Initiative for Nigerian Entrepreneurs 2017

BOI in Partnership with AGDC presents Youth Ignite Initiative – a platform where innovative ideas are brought to life.

Application Deadline: 13th March 2017

Eligible Countries: Nigeria

To be taken at (country): Nigeria

About the Award: The main objective of the project is to create new jobs through entrepreneurship by supporting 1 million entrepreneurs over the next 5 years to create 5 million jobs.

Type: Entrepreneurship

Eligibility: 

• Applicants must be of Nigerian nationality
• Applicants must be between the ages of 18 – 35.
• Failure to verify age will result in the application being declined.
• Applications must articulate a specific business problem to solve or opportunity to address.
• Applicants must be clear on the benefits from the loan.
• Employees of Bank of Industry, FirstBank, AGDC, Digital Jewels Limited, etc. and their families are not eligible to apply.
• The Judges’ decisions are final.

Selection Criteria: Looking for talented, creative and dedicated young people who have an existing business or idea that they believe in and are committed to bringing to life.

Number of Awardees: Not specified

Value of Scholarship: 

• Accepted participants will gain access to loan of up to Two Hundred Thousand naira (N200, 000) as well as skilled expertise to help them with their business strategy and growth.
• All selected applicants are required to attend a business boot camp to refine their business strategy
• All selected participants automatically become part of a community of change-makers, pioneers, explorers, problem-solvers and venture builders.
• Shortlisted ideas/business to will access the following

Duration of Program: 

• Loan cycle – 12 months (3 months’ moratorium, 9 months’ repayment)

How to Apply:  

• Interested entrepreneurs should visit www.youthignite.ng
• Entries must be submitted online within the specified timeframe and conform to specified guidelines and terms and conditions of participation clearly outlined on this website.
• All entries will be reviewed by the Panel of Judges who consist of carefully selected accomplished professionals from all walks of life.

Visit Program Webpage for details

Award Provider: First Bank of Nigeria, Bank of Industry, Afterschool Graduate Development Centre