The 2023 edition of Nigeria’s Under25 Incubator Program (Entrepreneurship Award), is now Open for application from young Nigerian entrepreneurs. The program recognizes and empowers young entrepreneurs in Nigeria; providing fellows with a stipend, access to finance, 12-month incubation, one-on-one leadership coaching, and a diverse network of technical advisors, mentors, and potential investors.
Furthermore, the Under25 incubator program aims to equip early-stage entrepreneurs with the necessary support to transform their audacious ideas into scalable and sustainable ventures. Through the provision of space, community, and access, Nigeria’s 25under25 Entrepreneurship Award is paving the way for the next generation of successful Nigerian entrepreneurs.
Nigeria’s Under 25 Incubator Program
Nigeria’s Under 25 Incubator program is an integral part of the 25under25 Entrepreneurship Award. This program offers early-stage entrepreneurs the necessary support to develop their ventures into scalable and sustainable businesses. The program provides three key elements; space, community, and access, to create an enabling environment for young entrepreneurs to thrive.
The incubator program ensures that all young entrepreneurs, regardless of their economic background, have the opportunity to succeed. It offers 12 months of free workspace at the SME100 Africa office, which includes shared meeting spaces, formal board rooms, creative spaces, and additional meeting and performance spaces.
Benefits of Nigeria’s 25under25 Entrepreneurship Award
The benefits of Participating in the Under25 incubator program Include:
- As a fellow of Nigeria’s 25under25 Entrepreneurship Award, you become part of a supportive community comprising over 400 talented young entrepreneurs who have paved the way before you. This network offers guidance, mentorship, and opportunities for collaboration.
- Some ventures are paired with experienced mentors who provide weekly guidance, help set achievable goals, and offer unwavering support. This personalized mentorship ensures that fellows receive valuable insights and expertise in their respective fields.
- The program provides ample opportunities to connect with other Nigeria’s under 25 fellows and the broader network of SME100 Africa. Through events and gatherings, fellows can build relationships, exchange ideas, and nurture valuable connections that can propel their businesses forward.
- Fellows have the chance to present directly to ecosystem stakeholders, press, and potential funders at final showcase events. This exposure can significantly enhance visibility, attract investment, and open doors to new opportunities.
- Nigeria’s 25under25 Entrepreneurship Award grants access to a wide range of innovators, influencers, and community figures through conferences and events. This exposure facilitates knowledge sharing, inspires creativity, and encourages collaboration within a dynamic entrepreneurial ecosystem.
Eligibility Criteria for Nigeria’s 25under25 Entrepreneurship Award
To be eligible for Nigeria’s 25under25 Entrepreneurship Award, the following criteria must be met:
- Age Requirement: The founder(s) must not be older than 27 years at the time of receiving the award.
- Nigerian Citizenship: The founder(s) must be Nigerian citizens.
- Company Existence: The company must have been in existence for at least three years.
- Social Economic Development: The business must contribute to the social economic development of Nigeria.
- Ethical Line of Business: The line of business must operate ethically and in accordance with Nigerian laws.
- Registration: The business must be duly registered under the Corporate Affairs Commission of Nigeria.
How to Apply
To apply for Nigeria’s 25under25 Entrepreneurship Award;
- interested individuals should visit Nigeria’s 25under25 website at: https://25under25.org/about/
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