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YOUWIN Batch 2014 by proselector: 6:59am On Nov 19, 2014 |
In the News! President Goodluck Jonathan on Monday in Abuja launched the $50 million Venture Capital Fund also known as the YouWin! Small and Medium Enterprise, SME,-Growth Fund. Mr. Jonathan launched the fund alongside the fourth round of the Youth Enterprise with Innovation in Nigeria (YouWin) programme at an event held at the Banquet Hall of the Presidential Villa. The fourth edition is expected to support additional 1,500 entrepreneurs along with the SME-Growth fund, which is a private equity fund for entrepreneurs. Speaking at the launch, Mr. Jonathan said the new enterprise fund would enable those who won previous grants from the YouWin programme to take their businesses to the next level. He said judicious administration of the fund would require hard work on the side of government, adding that if government worked hard, it could attract more contributions from investors. The president further noted that the new fund would be managed by independent fund managers alongside the government and “you will not need to know somebody to access it”. He said that selection of beneficiaries would be highly competitive and strictly based on merit. The president lauded the efforts of the Minister of Finance, Ngozi Okonjo-Iweala, whom, she said, has so far successfully coordinated three batches of the YouWin programme. Citing available records, Mr. Jonathan expressed delight that a total of 22,000 jobs had been created by the first and second editions of YouWin. He expressed the hope that with the launch of the fourth edition, the total number of jobs would rise to 44,000. The president, who had earlier inspected an exhibition by beneficiaries of the programme, expressed happiness over the quality of products which, he said, were of international standard. Describing YouWin as arguably one of the finest initiatives of his administration, Mr. Jonathan said that the response of youths to the programme was a source of pleasure to him. In her speech, Ms. Okonjo-Iweala said that the disbursement of funds in the third phase of the programme would commence shortly as the hitches had been cleared. She added that another 1,500 entrepreneurs would be supported with grants of between one million naira and 10 million naira to enable them to improve or run their businesses, expand them and create jobs. (NAN) ************ I have decided to create this thread to discuss Issues related to it. And get to see how many of us on Nairaland would access it. If you have won it before, you can also share your success story. https://apply.youwin.org.ng/registerp.php |
Re: YOUWIN Batch 2014 by proselector: 7:08am On Nov 19, 2014 |
To be eligible for the Business Plan Competition you must satisfy the following criteria You must be a proven citizen of Nigeria no older than 45 years (proof of identity: International passport/Drivers License/ National ID/Voters card required) You must have a post-secondary school qualification Your proposed business venture must be within the national borders of Nigeria, and with the intention of employing Nigerian citizens. Your proposed venture must not entail the production or distribution of weapons, alcoholic beverages, tobacco or/and gambling, or any activities in contradiction with the Nigerian constitution You must prepare an innovative business concept summary You must choose to participate in one award pool. There are 6 regional pools on the basis of geo-political zone as identified by market in which you want to do business. |
Re: YOUWIN Batch 2014 by proselector: 7:17am On Nov 19, 2014 |
An Interview with one of the winners of Youwin 2011. Utibe: Writing business plan is not like writing a letter. Sometimes you might be very good in writing good English and you can speak fluently. When it comes to writing a business plan, it’s a different ball game. You don’t just write irrelevant stories. You need to put the relevant things first; the facts and statistics. If you put something that is boring, write stories, the judges will not have that time to read through long stories. This is a competition. You don’t have to write 500,000 words just to get the point. When you are writing your business plan you need to give them the fact. For instance, may be you are going into agriculture; the government has a good plan like giving loan. Like if you are into poultry they will give you some incentives. Show them those incentives, and say this is what I stand to gain if I go into farming. So give them facts. Proof to them that the environment is conducive… read more www.afterschoolafrica.com/4706/how-i-won-in-the-youwin-business-plan-competition-a-must-read-interview-with-utibe-etim/ |
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