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Youwin Business Competition 2013 - Business (24) - Nairaland

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Tips For Youwin Business Competition For 2015 / Apllication For YOUWIN Business Competition Extended To January 21st, 2014 / Youwin Business Competition 2013 (2) (3) (4)

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Re: Youwin Business Competition 2013 by Tekkyboy(m): 8:47pm On Dec 30, 2013
pls can someone here confirm the date extention?wots the source?
Re: Youwin Business Competition 2013 by favourume(f): 9:05pm On Dec 30, 2013
utimatedes:

They have not started marking ok. They just want to give everyone enough chance and there is more to it than you think.

As they have extended the time let me talk for a while. Please how did u know that they havent started marking and what is more to it
Re: Youwin Business Competition 2013 by klens(m): 1:35pm On Dec 31, 2013
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Re: Youwin Business Competition 2013 by Olsey: 5:34pm On Dec 31, 2013
Tek%kyboy:
pls can someone here confirm the date extention?wots the source?
I can confirm that the deadline for stage-1 has been extended (till January 21, 2014)
Source: YouWin's official website.
Re: Youwin Business Competition 2013 by snowprince(m): 8:11pm On Jan 01, 2014
Youwin application have been extended to 21 January 2014 click here to get the guideline on how to answer your http:///SgbXu

If you are having problem on filling your youwin business application then lick here http:///Sj4Op
Re: Youwin Business Competition 2013 by Angelstartups(f): 10:49am On Jan 02, 2014
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Re: Youwin Business Competition 2013 by fflamingo(m): 1:50pm On Jan 03, 2014
First and foremost, I must show sincere appreciation to nairalander who posted information here freely and those who took their time to answer question...I only have a words to offer: Your reward are coming soon(Amen).
I felt it neccesary to keep our selves posted till whenever we are going for the launching(amen).
So let keep ourselves updated.

Some FaQs I considered necessary.
What is YouWiN?
YouWiN stands for Youth Enterprise with Innovation
in Nigeria. It is an innovative business plan
competition aimed at job creation jobs by
encouraging and supporting aspiring
entrepreneurial youth in Nigeria to develop and
execute business ideas.
Who can apply?
Every Nigerian aged 18-45 years that wants to start
a business or expand their existing business.
What types of business can apply?
The competition is open to all types of businesses as
long it is viable and has a demonstrable capacity to
create jobs.
Must I be registered with CAC to apply?
For existing businesses, you must be registered with
CAC. For new business ideas, you do not have to be
registered with CAC. However, sponsors of new
businesses that win awards in this competition will
be required to register fully with CAC prior to
receiving any award funds.
My business is a partnership, how many
applications can I submit?
The number of application is limited to one per
person.
Can I change my business idea if I have already
submitted an application
No. It is advisable that you think through your
application before you submit.
Is there a limit to how many business ideas I
can submit?
You can only submit one business idea.
Is there an application fee for You Win?
Registration is free.
How do I know if I am selected?
You will be notified once you register. If you are
selected, you will also be notified of the next steps.
I submitted a good business idea and I was not
selected
The panel will decide the winners. However
applicants who submitted good proposals that did
not win awards may receive other support from the
project.
How much money can I apply for?
Award recipients will receive between 1,000,000.00
(One million Naira only), and N10,000,000.00 (ten
million Naira only), depending on their business
needs.
Do I have to pay back the money?
No.. You are to use the money to start and or grow
your business and employ Nigerian youth.
How will my business be funded?
You will be paid by installments based on pre-agreed
project targets and employment creation over a one
year period.
How long will this program last?
The program will run for three consecutive years.
Since this is an equity grant from the
government, does the government own a part
of my business?
No. The grant is government’s contribution to your
business. It remains your own fully.
How safe are my ideas?
Your ideas are safe. Everybody that has access to
applications has signed a non disclosure agreement.
It is also safe from potential internet hackers as the
website is secured with the best internet security.
I do not live in Nigeria, can I participate?
Yes. You can participate as long as you are a
Nigerian and the business is located in Nigeria.
I was asked to refine some sections of my
business plan and I have done so, when will my
award ceiling and disbursement schedule be
sent to me?
The Enterprise Development Center (EDC) will
evaluate your submissions and determine the award
ceiling for your business.
When will I receive my Tranche 1 funds? I have
opened an account and submitted my CAC
documents to the Secretariat.
The Secretariat prepares the disbursement schedule
for approval by the Federal Ministry of Finance in
Batches – as awardees become ready.
My Tranche 1 amount will not be enough to
purchase any machinery or rent an office, what
do I do?
The Tranche 1 funds are to set-up business activities
such as securing licenses (e. g NAFDAC, Ministry of
Education etc) where applicable. Tranche 2 is more
substantial and can be used for capital expenditure.
When will the Tranche 2 funds be paid?
Tranche 2 will be processed and paid after
recommendation for disbursement has been
confirmed by monitors.
I cannot meet the turnover and employ the
number of people expected in my disbursement
schedule, what do I do about this?
Monitors will review your business plan and agree
together with you, the minimum milestones that
should be achieved by your business based on your
business plan and award amount during the 1st
monitoring visit.
Who should I talk to about making some
modifications to my business plan?
Your monitor.
When will a monitor visit me?
As soon as an Awardee makes the request.
I am unable to continue my business in my
present location (Region/state), can I move to
another Region/state?
You need to contact the secretariat to discuss why
and where you are moving. This may or may not be
approved.
When will the next round application begin?
Date will be announced in the dailies and on the
website.
How can I contact the secretariat?
You can contact the secretariat from 9:00am to
4:00pm Monday to Friday.
What is the time commitment expected of the
mentors?
At least 1 hour a month (per mentee).
How many mentees will they need to mentor at
the same times?
Between 1-5 mentees (Flexible)
How long is the mentoring program?
1 year
How often do they need to meet with the
mentees?
At least once every month (or as deemed necessary)
Can mentoring be done remotely/virtually
either by phone, Skype or email?
No, face –to –face is preferred.
Is there a mentoring handbook /guidelines for
both mentors and mentees?
We have a hand book for mentors and consent forms
for mentees.
Who is responsible for initiating and
maintaining the relationship?
YouWiN secretariat.
What is the purpose of the mentoring program?
To guide awardees i.e. a “experience or knowledge
pool” into which awardees can tap, in running their
businesses
Partners

1 Like

Re: Youwin Business Competition 2013 by kingagropro1: 8:01pm On Jan 03, 2014
favour ume:

Oga English language may not be my first, but the question is self explanatory and it says - "Describe this[i][/i] equipment" which means it is just ONE equipment you are require to describe.

Moreover, the question asked before this gives you an idea of what they want which is "What is the minimum equipment cost that is necessary to commence trading or expand your business." meaning, just ONE equipment that means a lot to the commencement of your business.

@favour: you are wrong. Equipment here means that u shd mention a few of the equipment you will need. Not just a single one. They allotted all of the space in that field for that reason.
Re: Youwin Business Competition 2013 by OCTAVO: 9:47pm On Jan 03, 2014
Nawa o.
Re: Youwin Business Competition 2013 by aganism56ovic(m): 10:20pm On Jan 03, 2014
i need the sample of the past you win questions too pls,my email is aganism56@ovi.com
Re: Youwin Business Competition 2013 by favourume(f): 10:34pm On Jan 03, 2014
kingagropro1:

@favour: you are wrong. Equipment here means that u shd mention a few of the equipment you will need. Not just a single one. They allotted all of the space in that field for that reason.

U just wake lipsrsealed lipsrsealed grin
Re: Youwin Business Competition 2013 by Tayeni(m): 10:47pm On Jan 03, 2014
favour ume:

U just wake lipsrsealed lipsrsealed grin
grin ;alot of people are just hearing about this u knw?
Re: Youwin Business Competition 2013 by samzy(m): 5:58pm On Jan 05, 2014
aganism56@ovi.c:
i need the sample of the past you win questions too pls,my email is aganism56@ovi.com

Sample of past youwin when u have the original present copy !! U sef na wa oh
Re: Youwin Business Competition 2013 by bettymygirl(f): 9:37pm On Jan 06, 2014
Fomaxcool:

thanks so much, I didn't even notice that it was equipment not equipments.

Even at that I don't know how to answer it right because I have listed some of the materials need for the biz

please any hint

Pls is there any word as equipment(s). I think equipment serves as both singular and plural, just like sheep both in d plural form.
So in my opinion, it not only refering to a particular material but different ones necessary to start one's venture. Thanks
Re: Youwin Business Competition 2013 by Tekkyboy(m): 6:47pm On Jan 07, 2014
still there
Re: Youwin Business Competition 2013 by OBENI(m): 5:30pm On Jan 09, 2014
centpado: Nwachukwupatrick@gmail.com...thanks in anticipation
obenijefferson@yahoo.com
Re: Youwin Business Competition 2013 by fola89(m): 12:23pm On Jan 10, 2014
God help us all
Re: Youwin Business Competition 2013 by easyson: 1:01pm On Jan 10, 2014
My people is 40percent not too small for capital equipments? Just thinking
Re: Youwin Business Competition 2013 by CoolKizzy(m): 3:05pm On Jun 27, 2014
chei, this is time travel . . .
Re: Youwin Business Competition 2013 by Denn(m): 5:18pm On Jun 27, 2014
Cool Kizzy: chei, this is time travel . . .

Lol.... This is really ironical. I never knew all out posts would get wiped.

Let's move on guys.

Business is not for those who wimp when unexpected things happen.... It is for guys who are ready to pick up again and again....
Re: Youwin Business Competition 2013 by Nobody: 7:21pm On Jun 27, 2014
na waoh!!
Anyway we gots move on. Hw is ur registrations going? My own name search is not even out.
Re: Youwin Business Competition 2013 by Denn(m): 9:01am On Jun 28, 2014
Bigboyz32: na waoh!!
Anyway we gots move on. Hw is ur registrations going? My own name search is not even out.

Same story.

Name search is still pending.
Will be there on Monday
Re: Youwin Business Competition 2013 by CoolKizzy(m): 11:25am On Jun 28, 2014
I'm done with the whole process, got my certificate on Tuesday.
Re: Youwin Business Competition 2013 by neksummi(m): 1:46pm On Jun 28, 2014
Good to know you all survived the hurricane! When I couldn't locate this thread on my "followed topics", I thought it had been wiped out. But thank God it's here and we can pick up the pieces of what's left for us on the thread.

1 Like

Re: Youwin Business Competition 2013 by johnugwu: 1:47pm On Jun 28, 2014
[quote author=Cool Kizzy]I'm done with the whole process, got my certificate on Tuesday.[

I am done with mine so praying for the other guys to be able able to round up on time.

Shalom
Re: Youwin Business Competition 2013 by drogba(m): 7:12pm On Jun 28, 2014
@john, how much did you spend total. kindly give a breakdown please.
Re: Youwin Business Competition 2013 by johnugwu: 9:51pm On Jun 28, 2014
drogba: @john, how much did you spend total. kindly give a breakdown please.

i registered a business name. I spent 750 Naira to purchase d forms. 10k for business name registration and 100 naira for court signing
Re: Youwin Business Competition 2013 by neksummi(m): 11:25pm On Jun 28, 2014
johnugwu:
i registered a business name. I spent 750 Naira to purchase d forms. 10k for business name registration and 100 naira for court signing

What is it that is being signed at the court please? I cannot remember signing anything at the court when I registered my business name 6 years ago.
Re: Youwin Business Competition 2013 by johnugwu: 7:18am On Jun 29, 2014
neksummi:

What is it that is being signed at the court please? I cannot remember signing anything at the court when I registered my business name 6 years ago.
on d form, there is a space where the court has to sign and stamped before CAC will accept it.
Re: Youwin Business Competition 2013 by neksummi(m): 7:49am On Jun 29, 2014
johnugwu:
on d form, there is a space where the court has to sign and stamped before CAC will accept it.

Ok. Thanks.
Re: Youwin Business Competition 2013 by CoolKizzy(m): 2:17am On Jun 30, 2014
When youwin dey contact us nah? abi dem sef dey watch world cup ni?
Re: Youwin Business Competition 2013 by 2rutalk1: 12:17pm On Jun 30, 2014
I am still hopeful that the directive from YOUWIN Secretariat that all prospective winners should register their businesses is for our benefit. I am convinced that there is a special package for all of us. The directive is the first of it's kind.
I am very expectant ............So help us God!

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