StarNews Business Competition 2024 | Cash Prize of NGN5,000,000 | Apply Now

The Global Black Economic Forum (GBEF) and StarNews Mobile have announced the application call for the StarNews Business Competition 2024.

The competition, scheduled to be held in Lagos, Nigeria, welcomes applications from eligible Nigerian Entrepreneurs. The Competition aims to provide the most promising Small-Medium Enterprises (SMEs) in Nigeria with invaluable opportunities for partnership and investment from the United States.

Overview of StarNews Business Competition

The nexus between innovation and empowerment fuels the essence of the StarNews Business Competition. Launched in 2017, StarNews Mobile is designed for African content creators, providing a platform to monetize their endeavors and reach a global audience. With over 4 million subscribers and a robust community spanning six African countries, StarNews Mobile has emerged as a catalyst for economic growth and creativity.

The competition also collaborates with MTN and the United Nations Agency for International Development (USAID), amplifying its impact by fostering strategic alliances with industry leaders committed to fostering economic prosperity.

Benefits of StarNews Business Competition

• The Global Black Economic Forum provides access to tools for socioeconomic growth.
• In addition, participants can access StarNews’ network of investors, win cash awards from the network valued up to NGN5,000,000;
• Gain national exposure by having their business highlighted on the StarNews website.
• The top three finalists will join GBEF’s network of international leaders committed to social and economic justice throughout the Black Diaspora and receive mentoring from the organization’s Academy for Advancing Excellence.

Eligibility Criteria

To be considered eligible, entrepreneurs must meet the following criteria:

• Nigerian Ownership: Businesses must be at least 50% Nigerian-owned and operated, aligning with the ethos of promoting indigenous enterprise.
• Registration: Entities should be duly registered in Nigeria with a valid Corporate Affairs Commission (CAC) registration.
• African Operations: Business activities should primarily occur within the African continent, contributing to the region’s economic vibrancy.
• Digital Presence: A robust online presence is essential, with a minimum of 1,000 followers across various social media platforms, reflecting engagement and influence.
• Operational Experience: Businesses must demonstrate a track record of at least two years in formal operations, accompanied by consecutive turnover.

Industry

• Creative industry
• Fintech
• Agriculture
• IT
• Healthcare
• Manufacturing
• Energy
• Beauty & Cosmetics
• Communication
• Retail
• Hospitality

How to Apply

• Visit the StarNews Mobile Website: Navigate to http://bit.ly/starnewsbizcompetition to access the application portal.
• Complete the Application Form: Provide essential details about your business, including its name, date of establishment, social media presence, and operational specifics.
• Submit Your Application: Ensure all requisite information is accurately furnished before submitting your application for consideration.

Evaluation

Following a rigorous evaluation process, finalists will be selected to advance to the next phase of the competition. Winners will be announced during the culmination of the 10-week event, slated from April 8 to June 14, 2024.

Application Deadline

April 5, 2024.

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