UNIDO-FMITI 2013 Business Plan Competition for Nigerians

Deadline: June 21, 2013

Are you a school leaver or a university graduate residing in Nigeria? Do you have what it takes to effectively contribute and support the economic national growth? Do you have a viable business idea with the potential to make profit and generate new jobs for other unemployed persons?

If so, then enter the UNIDO & FMITI Business Plan Competition. They believe in you, and are happy to support YOUR business idea.

Eligibility

This competition is open to:

  • Any secondary school leaver or university graduate who hopes to start a new business with the aim of adding value to the development of overall businesses in private and public sectors (“School leaver” refers to an individual that has a minimum of WASSCE or a Technical College certificate)
  • Participants must be between the ages of 18 and 35 at the time of entry into the competition
  • Finalists must be available to present their proposal before a panel of judges at slated venues in Lagos or Abuja
  • during the last week of June to second week in July (specific dates will be communicated to eligible applicants).

Prizes

Three selected entrepreneurs will be awarded the following Grand Prize:

  • Cash prizes to kick-start the new business.
  • Personal mentoring by assigned mentors to help execute the idea.
  • Tools, information and advisory on entrepreneurship, leadership, and social change.
  • Free promotion of the business through our media avenues.
  • Business name registration at a token.

Rules

  • The business plan must be commercially and financially viable and feasible
  • Business plans must include sustainable business ethics which shows how the operations of the intended venture will not have negative impact on the community
  • Individuals or groups may submit a business proposal, but only one proposal entry is allowed
  • If the business proposal is submitted by a team, the Grand Prize will be awarded to the team as a whole

Confidentiality

The UNIDO – FMITI Business Plan Competition honours the confidentiality of all participants’ business concepts and plans. Business concepts, overviews and plans will not be copied for any purposes other than this competition. All Intellectual Property (IP) remains the ownership of the presenting individual. Efforts will be put in place to ensure that the judges for this competition also recognize the sensitivity of the materials being presented.

For more information, click here.

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