About Ugwumba Enterprise Challenge
The Ugwumba Enterprise Challenge is our idea pitching and grant competition designed to empower young people in Africa to turn their ideas, skills and passions into scalable business ventures or social enterprises.
We adopted this pitching competition model because it challenges the creativity and the audacity of our young people to survive as entrepreneurs.
All applicants pass through a compulsory Boot Camp and Pitching Competitions and those with best business ideas receive both financial and technical support from us.
Program Summary
- Value: N10 Million
- Type: Entrepreneur, Contest
- Sponsor: Tertiary Education Trust Fund (TETFUND)
- Funding Type: Partially Funded
- Eligible Countries: Nigeria
- Benefits: Money Prize
- Deadline: September 16, 2024
Requirements
The Enterprise Challenge is open to young entrepreneurs in Nigeria between 18 – 40 years of age, who have ideas that we can transform into successful business ventures or social enterprises.
Ugwumba Enterprise Challenge Benefits
Ugwumba Enterprise Challenge and stand the chances of winning any of our star prizes, as follows:
- 1st Prize (N2 million);
- 2nd Prize (N1 million);
- 3rd Prize (N700,000);
- 4th Prize (N500,000);
- 5th Prize (N300,000) and
- Consolation Prizes (N100,000) each for the remaining 6th – 10th finalists.
Selection Process
Timelines
- Call for Applications: August 16 – September 16, 2024
- Admission into Boot Camp: September 18, 2024
- UEC 2024 Open Day: September 20, 2024
- UEC Boot Camp: September 23 – October 18, 2024
- 1st Preliminary Pitching Competition: October 21 – 30, 2024
- Announce Top 20 Startups: November 04, 2024
- 2nd Preliminary Pitching Competition: November 06 – 20, 2024
- Announce Top 10 Finalists: November 26, 2024
- Grand finale in Abuja: December 03, 2024
Deadline: September 16, 2024.
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