Ekiti Enterprise Challenge is part of our commitment in giving back to the society by investing in young entrepreneur. It is our expectation that Ekiti Enterprise Challenge will help in restoring Ekiti Values by raising the next generation of Ekiti young entrepreneur who will make Ekiti Great again by establishing sustainable businesses that have potential to create decent jobs and economic growth which are inline with The United Nations Sustainable Development Goals 1, 8, 9,11 & 17
HOW WILL EEC 2020 HOLD?
Call for application for Ekiti Enterprise Challenge 2020 will commence on 1st of September 2020 and Close on 30th September 2020. In October 2020 after the close of applications, a team of independent business development consultants will review the applications and shortlist successful young entrepreneurs that will be invited to attend a 5 Days Enterprise Development Bootcamp, where they will be groomed and prepared for the final stage which will be assessed by a panel of Judges who will select the winners for the Ekiti Enterprise Challenge 2020.
PRIZES
The winning enterprise will receive a Grant Prize of One Million Naira (N1, 000,000) while 3 runner ups will awarded consolation Prizes of Five Hundred Thousand Naira (N500,000), Three Hundred Thousand Naira (N300,000) and Two Hundred Thousand Naira (N200,000) respectively.
WHO CAN APPLY
- Business Established & Resident in Ekiti State. Intending participants must have business established and resident in any of the communities in Ekiti State.
- Applicant Between 18-35 Years Age Bracket.EEC is open to Young Entrepreneurs residents in Ekiti State who fall within the 18 to 35 year age bracket.
- Business Must Have passed through ideation stage.Business idea passed through ideation stage, be at least 12 months old, and already generating revenue.
- Business Have Potential For Exponential Growth.Must have innovative product & services with sustainable business model that has potential to grow exponentially and scale beyond local market to national & global market.
- Business registered with CAC & have corporate bank account.Business Must have been registered with CAC must have a corporate bank account with a corporate Governance Structure.
- Clarity Business Model with Leadership Capacity To Deliver.Clarity Business Model with Leadership Capacity to deliver the proposed business value proposition
CATEGORIES FOR APPLICATION
Below are Categories of Business For Applications We Are Looking For
- Innovation Technology
- Agriculture & Food Processing
- Fashion Designing
- Tourism, & Hospitality
- Art & Crafts
- Shoes and Leather Works Production
- Furniture & Upholstery
- Interior Designs & Decorations
- Confectionaries & Event Management
- Entertainment & Music Productions
- Green Enterprises, Waste Management & Recycling
EKITI ENTERPRISE CHALLENGE (ECC) 2020 TIMELINE
Call for application for Ekiti Enterprise Challenge 2020 will commence on 1st of September 2020 and Close on 30th September 2020. In October 2020 after the close of applications, a team of independent business development consultants will review the applications and shortlist successful young entrepreneurs that will be invited to attend a 5 Days Enterprise Development Bootcamp, where they will be groomed and prepared for the final stage which will be assessed by a panel of Judges who will select the winners for the Ekiti Enterprise Challenge 2020.
APPLICATION TIMELINE
- September 1st, 2020: Call For Application Registration Portal will be opened for Ekiti Enterprise Challenge 2020 Application
- September 20th, 2020: Close of Application Registration Portal will be closed for Ekiti Enterprise Challenge 2020 Application
- October 2020: Review Of Application :
- In October 2020 Submitted application will be reviewed and background check will be conducted by a board of Screening Committee to select the 50 best application that will be invited to a 5 Days Enterprise Development & Mentorship Program where they will be groomed and prepared for the Final stage of the Pitch Competition.
- October 2020: Invitation For EEC 2020 Enterprise Development Bootcamp
After the review of applications, 20 young entrepreneurs with scalable and sustainable business model with potential for exponential growth will be invited to a 5 Days Enterprise Development & Mentorship Bootcamp where they will connect with business coaches and social enterprise development consultants who will groom and prepare them for the Final stage of the Enterprise Pitch Challenge.
- November Monday 16th 2020 – Friday 20th 2020
5 days Enterprise Challenge Bootcamp - November, Saturday 21st 2020
- Pitch Competition In November 2020 after the 5 Days boot Camp Program the 20 Final applicants will Pitch Their Ideas to a team of Board of Judges who will screen their ideas and select Winner and Runner ups for Ekiti Enterprise Challenge 2020.
- Award, Prizes Presentation, & Networking Dinner: After the Judges have selected the winners, Prizes and Awards will be presented to the finalists in the follow Categories:
- Winner – N1,000,000 + 1 Year Business Support/Growth Opportunities while 3 runner ups will awarded consolation Prizes of Five Hundred Thousand Naira (N500,000), Three Hundred Thousand Naira (N300,000) and Two Hundred Thousand Naira (N200,000) respectively.
For more Information: Visit the webpage for Ekiti Enterprise Challenge 2020
