i-Novate Business Idea Competition 2021 for Innovative Entrepreneurs in Nigeria (Win ₦1million)
Are you a young Nigerian entrepreneur? Do you have a good Business plan and idea? and you that have the capital to execute the plans, if that is the case worry less i-Novate is here to offer you a life changing opportunity.
i-Novate is a business idea competition launched in Nigeria for Young and middle aged entrepreneurs twice in 12months. (6 Months Interval). with the sole aim of training and funding young brilliant entrepreneurs in Nigeria.
The program which is in her maiden stage and just got launched in 2021 is a life changing one that every serious minded Nigerian youth who is an entrepreneur should hold on to. The program is aimed at providing, Training, Networking opportunities and ₦1Million in seed funding, for brilliant entrepreneurs in Nigeria whose business ideas are Innovative, Disruptive and viable.
All Need To Know About i-Novate Business Idea Competition 2021 for Innovative Entrepreneurs in Nigeria
- Each application is carefully reviewed by business experts in the industry and winners are selected based on Innovativeness of idea, market feasibility, clear employment plans, and a capable team to run the business.
- Each program cycle begins with an application process which opens on the 14th of February every year and closes on the 14th of march, after which 50 eligible applicants will be shortlisted to proceed to the next phase.
- This number will be further cut down as only 5 applicants will make it to the final application review phase from where the grand winner and the 1st and 2nd runner ups will be selected an Awarded.
- Every edition, this programme will select the best businesses across Nigeria from a pull of numerous applicants.
Prizes For The Winner
- The Grand winner takes home the grand prize of ₦1Million for each year
- 1st and 2nd runner ups will receive consolation prizes alongside gifts from sponsors of this competition. E.g Laptop, iPads, Ear Pods, Video Tripod Stands, Digital Camera’s, etc..
Also NOTE that the grand prize of this competition will keep increasing as more partners join to drive this project to its peak.
i-Novate Business Idea Competition 2021 Eligibility
- Business must be under Agriculture, Tech, Food Processing/Production, Fashion, Beauty, or any other innovative and widely accepted business sector in Nigeria.
- Business must be based in Nigeria
- Business must be for profit
- Business must be 0-5 years’ old
- Applicants must be at least 18 and a legal resident or citizen of any Nigerian State.
Please note i-Novate Registration begins on the 14th of FEB, 2021. Get your innovative business idea ready, you could be the grand winner in this ₦1million Prized Business Idea Competition.
Deadline: 14th March, 2021
Stay glued to this page for update when the portal will be officially open for applicants or you can visit i-Novate Business Idea Competition 2021 For more information.