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Nairaland Forum / Nairaland / General / Business / Youwin Connect Business Competition 2017 (118086 Views)
Business Competition / YouWiN Beneficiaries Protest Unpaid Grants @Finance Ministry (Pics) / Youwin Connect Business Competition 2017 (2) (3) (4)
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Re: Youwin Connect Business Competition 2017 by XaviDayo(m): 11:23am On Jul 24, 2017 |
I hope there is money o and I hope say na grant and not yeye loan. Once again, thank you to Tony Elumelu. I am a 2017 awardee. Holla 2 Likes |
Re: Youwin Connect Business Competition 2017 by bamasite(m): 12:07pm On Jul 24, 2017 |
WHAT HAPPENED TO YOUTH IGNITE? |
Re: Youwin Connect Business Competition 2017 by ijames: 12:31pm On Jul 24, 2017 |
KnowMore: I'll need your assistance kindly mail me eiyerejames@gmail.com |
Re: Youwin Connect Business Competition 2017 by Josmila(m): 12:50pm On Jul 24, 2017 |
KnowMore: I wish this info could be published or sent to the organizers to take note. People just come here to spew bull$hit without an iota of knowledge about the subject matter. |
Re: Youwin Connect Business Competition 2017 by mpowa(m): 12:50pm On Jul 24, 2017 |
edoman2016:Are you sure you can read and comprehend? |
Re: Youwin Connect Business Competition 2017 by edoman2016: 12:58pm On Jul 24, 2017 |
mpowa: Adulphus: Josmila:Trust me, you guys are mistaken. The present Youwin connect under Buhari is different from Jonathan's Youwin. That's the fact. The present Youwin is just for training only. There is no single grant. I am telling you the fact. Please take your time and read their condition for participation. The 2.5 billion naira, some of you are thinking is for grant is wrong. It's for equity investment in viable business after training. Which you must pay back. BOI Yes-P is still better than Youwin connect. Though it's a loan too. |
Re: Youwin Connect Business Competition 2017 by Josmila(m): 1:06pm On Jul 24, 2017 |
edoman2016: Youwin under the last administration was fraught with a lot of corruption, monies were just handed out to people, not entirely on merit. This is because I know very good brains that applied, went through the rigorous processes, but didn't end up being beneficiaries. What is wrong with equity investment in viable business though?? Are you aware many were handed cash that didn't end up in the businesses they collect the monies for?? 1 Like |
Re: Youwin Connect Business Competition 2017 by ol2012: 1:09pm On Jul 24, 2017 |
Adulphus: Of course that was stated by the minister when the initiative was launched. My worry however is that she said then that government would mobilize the fund "annually as equity investment in start-ups and early stage SMEs through qualified fund managers under a co-investment model" Please note the key word in the quoted - co-investment model. That doesn't sound to me as a grant(I may be wrong though) Going by the antecedents of this current Federal government, coupled with the fact that there is no concrete info on the website as to the nature of the fund. It is safe not to assume it's going to be a grant. Perhaps financial analysts and economists in the house can assist educate us on what a co-investment funding model means 2 Likes |
Re: Youwin Connect Business Competition 2017 by edoman2016: 1:18pm On Jul 24, 2017 |
Josmila:I have no problem with equity investment Seriously. But the problem is equity investment is mostly for existing business, not start up. That's why you will notice Youwin connect is unpopular among Nigerian youth unlike Jonathan's Youwin. Jonathan's Youwin give grant to start up. There are many graduates that have business ideas and training but still can not start their business because they have no start up capital. And banks give loans only to existing business and not start up. Which is the mistake the same you win connect is making. |
Re: Youwin Connect Business Competition 2017 by ol2012: 1:21pm On Jul 24, 2017 |
edoman2016: A quick one please bro, When paying back equity investment, do you pay same amount or with interest? Thank you |
Re: Youwin Connect Business Competition 2017 by neksummi(m): 1:42pm On Jul 24, 2017 |
Good to have YouWin back. |
Re: Youwin Connect Business Competition 2017 by Jadmchris(m): 1:44pm On Jul 24, 2017 |
I see |
Re: Youwin Connect Business Competition 2017 by edoman2016: 1:50pm On Jul 24, 2017 |
ol2012:Equity investment means you will sell equity stake in your business to an investor. So you will use the money they pay you to expand and grow the business. The consequence is that the business is not yours 100℅ anymore. Incase of mismanagement, the business can be acquired from you by the investor. Now this is where Youwin connect are very smart. They are not going to pay you any money. Rather they will link successful beneficiary after the training to private equity investor. Who will evaluate your business and know its worth and viability before investing in it. So its not automatic to applicants. Rather it's favour existing business owner more than start up. Cause they will have records and transactions to back up their business. |
Re: Youwin Connect Business Competition 2017 by Haddock(m): 2:40pm On Jul 24, 2017 |
Myself2: Hehehe... You're reminiscing of the era of Mr. Cool and the Gang, right? I don't envy you...
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Re: Youwin Connect Business Competition 2017 by dyydxx: 4:18pm On Jul 24, 2017 |
edoman2016: what exactly is the 2.5 billion for then if they will link you up with a private equity investor? Will the FG give the investor the money or what? won't the private investor cough out his own money or is the whole 2.5 billion for trainings? Please if you know shed some light |
Re: Youwin Connect Business Competition 2017 by ol2012: 4:40pm On Jul 24, 2017 |
edoman2016: Thanks for the explanation brother, I became scared when their fb handler(s) kept dodging the question when I pushed it to them via their fb page. They kept referring me to the website when infact there is no detailed info about the fund structure on the website. Meanwhile, were you able to eventually access YESP fund? Thanks once again for the explanation Great guy! |
Re: Youwin Connect Business Competition 2017 by Nobody: 4:52pm On Jul 24, 2017 |
Ok 1 Like |
Re: Youwin Connect Business Competition 2017 by bfbellexce: 7:39pm On Jul 24, 2017 |
dats nice |
Re: Youwin Connect Business Competition 2017 by Josmila(m): 9:09pm On Jul 24, 2017 |
mikeoh: Ok it's fine bro. Let's see how this pans out. I think it's rather too early to be all negative about it. I hope you still doing well too |
Re: Youwin Connect Business Competition 2017 by IwantToKnow: 12:19am On Jul 25, 2017 |
for those whose businesses have not been registered or those who are yet to start, how can they fill the online form, cos the form requested a registered business, how can one continue with the registration? |
Re: Youwin Connect Business Competition 2017 by Adulphus(m): 3:06am On Jul 25, 2017 |
IwantToKnow: The certificate of business registration is not compulsory |
Re: Youwin Connect Business Competition 2017 by ijames: 11:53am On Jul 26, 2017 |
On the personal information section while registering on the youwin connect platform, there's a section for identification number, Please guys what should I input there?? |
Re: Youwin Connect Business Competition 2017 by Adulphus(m): 12:39pm On Jul 26, 2017 |
ijames:Select ID Type And Put The Number In Card. For Int'l Passport The Number Start With "A" |
Re: Youwin Connect Business Competition 2017 by ijames: 7:55am On Jul 27, 2017 |
Adulphus: Thanks |
Re: Youwin Connect Business Competition 2017 by aibaybay(f): 2:36am On Jul 28, 2017 |
Hi everyone, Please I have tried changing my password on the website but its even showing me someone else's name and telling me to still change my password. Did anyone encounter the same problems? Please what can I do? I will appreciate any help or solution. thank you |
Re: Youwin Connect Business Competition 2017 by Adulphus(m): 9:33am On Jul 28, 2017 |
aibaybay:If The Auto Access Key Was Sent To Your Mail And When You Used It To Change It Pw And It Show Another Persons Name, Change The Pw And Modify Your Info In Entry Page Then Save. Logout & Login Again To See If It Will Display The Right Intel! |
Re: Youwin Connect Business Competition 2017 by Nobody: 7:17pm On Jul 28, 2017 |
For someone with just a business idea, do i have to write anything on sales forecast and financial projection? I am confused. |
Re: Youwin Connect Business Competition 2017 by Blessedgurl(f): 9:19pm On Jul 29, 2017 |
covex: Click "No" when asked if you have a business. Save and continue to the next page. You will then be able to apply well. |
Re: Youwin Connect Business Competition 2017 by Prudento: 6:46pm On Jul 31, 2017 |
After filling the "Business needs" section and trying to "Save and continue" the attached is what I see. Please who has experienced same?
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Re: Youwin Connect Business Competition 2017 by aibaybay(f): 1:55pm On Aug 02, 2017 |
Thanks for your help. Let's keep our fingers crossed for the best outcome. Adulphus: 1 Like |
Re: Youwin Connect Business Competition 2017 by Nobody: 8:21pm On Aug 02, 2017 |
Okay is there any benefit or advantage of one having already registered business 1 Like |
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