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Home»Search by Region»Africa»Ugwumba Enterprise Challenge 2023 for Young Entrepreneurs & Innovators (N1.5 Million prize)

Ugwumba Enterprise Challenge 2023 for Young Entrepreneurs & Innovators (N1.5 Million prize)

Jude OgarAugust 31, 20232 Mins Read
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Deadline: September 9, 2023

Applications are open for the Ugwumba Enterprise Challenge 2023. To contribute towards the reduction of unemployment crisis ravaging the youth population in Nigeria, the Ugwumba Center for Leadership Development in Africa launched the Ugwumba Enterprise Challenge, an idea pitching and grant competition for young entrepreneurs and innovators who have ideas that can be transformed into business ventures or social enterprises.

Since inception in 2018, the Center has supported the birth of over 5,000 SMEs and startups across Nigeria and have built a community of over 20,000 young and women entrepreneurs in Africa. Today, most beneficiaries of the startups challenge have become employers of labour, thereby helping to reduce the unemployment crisis as well as contribute to Nigeria’s overall GDP.

Prizes

  • 1st Prize: 1.5 Million Naira 
  • 2nd Prize: 1Million Naira 
  • 3rd Prize: 700,000 Naira
  • 4th Prize: 500,000 Naira
  • 5th Prize: 300,000 Naira

Eligibility

  • Open to young men and women entrepreneurs in Nigeria;
  • Be between the ages of 18 – 40 years;
  • Have ideas that can be transformed into successful business ventures or social enterprises.

Application

At the grand finale, the top 5 finalists shall pitch their ideas and compete for the prizes. Deadline for submission of applications is September 9, 2023.

Click here to apply

For more information, visit Ugwumba Enterprise Challenge.

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Jude Ogar
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Jude Ogar is an educator and youth development practitioner with years of experience working in the education and youth development space. He is passionate about the development of youth in Africa.

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