In pursuit of innovation, we are pleased to announce “ Got-an-Idea Challenge in collaboration with Startup Nigeria to find, nurture and grow original thinkers and innovators. We are always seeking to innovate, learn & interact with our startups.

The GOTANIDEA challenge is a competition that seeks to bring out creatives and entrepreneurs from all walks of life and challenge them to be innovative.

GOTANIDEA challenge is designed by keeping the concerns of all stakeholders viz startups, investors, and an accelerator. Prospective investors and Connect HUB work together right from the first round. The three months acceleration program is executed in association with prospective investors. This also helps investor in defining the road map of their potential investee company.

ELIGIBILITY

• Startup SMEs (Small & Medium Enterprises): Start up SMEs involving innovations & new technologies and require upfront investment in CAPEX. Fast growing SMEs which are commonly dependent on traditional debt and are unable to access alternative sources of capital like angel fund/venture capital fund.

• Startup (Small Business Enterprises) meeting the following criteria:

◦ For profit businesses and/or social enterprises Within 6-12 months of starting up.

◦ Within 6-12 months of starting up.

◦ Startup SMEs having any of these three:

▪ Business Innovation: Business innovation ranges from the radical innovations (in product, services, processes) that shake up entire
industries to the many small innovations that perfect the execution of already successful organisations.
▪ Technology: Application of new, radical & affordable technologies.

▪ Design: Application of innovative design into products / services / processes.

◦ Startup SMEs working in fast growing & dynamic sectors viz media & entertainment, emerging technologies, life sciences, health care, biotechnology, food & agriculture and manufacturing.



AWARD


1. FIRST PRIZE: The winner of #GotanIdea Challenge shall receive USD $10,000.00 as seed funding (at a valuation mutually agreed between the startup & Connect HUB Startup)

2. SECOND PRIZE: USD $5,000.00 as seed funding (at a valuation mutually agreed between the startup & Connect HUB Startup) for the startup working in the domain of Dairy / Food Processing / Bakery / Food Technology.

The funding shall be linked to a unique milestone & mentoring based investment strategy spread over a period of 6 months. Post 6 months, the winner will also have the opportunity to pitch to Connect HUB Startup partners for an investment up to USD $50,000.00.

To register click on the link: http://www.connecthub.ng/gotanidea.php

For further information you can send us an E-mail : info@connecthub.ng

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