What is YouWiN!
The Youth Enterprise with Innovation in Nigeria (YouWiN!)
Programme is a collaboration of the Ministry of Finance, the Ministry of
Communication Technology (CT), the Ministry of Youth Development and the
Ministry of Women Affairs and Social Development that will launch an annual
Business Plan Competition (BPC) for aspiring young entrepreneurs in Nigeria, in
line with the Federal Government’s drive to create more jobs for Nigerians. The
programme will be implemented in partnership with Nigeria’s private sector, who
will be requested to provide funding support.
Objectives of the programme
The main objective of the Youth Enterprise with Innovation
in Nigeria (YouWiN!) Programme is to generate jobs by encouraging and supporting
aspiring entrepreneurial youth in Nigeria to develop and execute business ideas
that will lead to job creation. The programme will provide aspiring youth with
a platform to show case their business acumen, skills and aspirations to
business leaders, investors and mentors in Nigeria.
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
80,000 to 110,000 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.
PLEASE NOTE!!!
- YouWiN
is an equity contribution to your business. It is therefore NOT A LOAN but
a grant.
- Award
recipients will be paid according to the needs of the business and
specific mile-stones stated in the business plan.
- Award
recipients must be registered with CAC before disbursment of funds even
though they do not need to be registered to apply. You/wiN will
support the registration process.
- Award
recipients will opperate accounts using their registered companies with any
of the participating commercial banks prior to disbursment.
- Award
recipients must sign a grant agreement with the managers of YouWiN before
disbursment of funds.
Apply Now!
Step 1 - CHECK ELIGIBILITY
Check that you are qualified to apply. See the
section "Who can apply?" below
Step 2 - REGISTER
Register yourself. You will receive a confirmation email
from YouWIN! with all the details you will need to log in. If you have
any trouble registering please contact us. You can
also go to the Step by Step YouWiN! Women Visual
Application Guide under the download section on the home page.
Step 3 - COMPLETE APPLICATION
Once you have successfully registered you need to Log in and click
the New Business Application button on the right hand-side.
You can save your application form as you go along, and come back to it at any
time. Once you are happy with your application use the Submit button on the
form to send it to us. You can submit only ONE application.
Step 4 - STAY INFORMED
After the closing date you will be notified if you have
been selected for the next stage of the competition. You can join the
discussion on the forum,
or on Facebook and Twitter. We will also
post news on the YouWiN! homepage.
Who can apply?
To be eligible for the Business Plan
Competition you must satisfy the following criteria
- You
must be a proven citizen of Nigeria and a woman no older than 45 years
(proof of identity: International passport/Drivers License/National
ID/Voters card required)
- You
must have a post-secondary school qualification
- Your
proposed business venture must be within the national borders of Nigeria,
and with the intention of employing Nigerian citizens.
- Your
proposed venture must not entail the production or distribution of
weapons, alcoholic beverages, tobacco or/and gambling, or any activities
in contradiction with the Nigerian constitution
- You
must prepare an innovative business concept summary
You must choose to participate in one
award pool. There are 6 regional pools on the basis of geo-political zone as
identified by market in which you want to do business.
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