The Top 3 selected candidates will get cash funding towards the execution of their ideas and incubation support via the Co-Creation Hub (CcHub) incubation services.
In addition, they will get partnership opportunities with Union Bank and our network of partners around the focus areas of the challenge.
Over the subsequent six months, the top three ideas will be supported with a range of services focused on product development, distribution and business modelling to turn their ideas into fully working products to launch in early 2019. Winners will also be able to leverage Union Bank’s strategic networks to bring their ideas to life.
Eligibility
Only students currently enrolled in a tertiary institution in Nigeria are eligible for the challenge. If a team member graduates in the process, the idea must have been initially conceived while you were enrolled as an undergraduate.
Are there focus areas of the challenge?
We are looking for great ideas that could be related but not limited to Education, Agriculture, Financial Inclusion, Millennial Banking and Creative Arts (Arts, Music etc).
Deadline for submission of ideas is 5 August 2018.
Prizes
The top 3 ideas will receive immediate cash funding of 1.5 Million Naira.
1 Million Naira and 500 Thousand Naira respectively towards creating a Minimum Viable Product (MVP) for your ideas.
There will be incubation support via CcHUB’s incubation services with full engagement with Union Bank.
Workshop date
Before submitting your idea, you are invited to attend interested applicants are invited to attend one of six ‘Idea Sprint’ workshops to be held in 6 universities between 9 July & 27 July.
The universities include:
- University of Lagos
- University of Benin Obafemi Awolowo
- University Federal
- University of Technology Owerri
- University of Abuja Ahmadu Bello
- University
To enter the competition, apply HERE to submit your ideas.
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