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Author Topic: THE FOURTH EDITION OF YOUWIN! IS HERE!!!  (Read 10985 times)
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« on: November 18, 2014, 06:36:35 AM »

THE FOURTH EDITION OF YOUWIN! IS HERE!!!
SUBMISSION OF YOUWIN! 4 APPLICATIONS WILL COMMENCE ON MONDAY, 17th NOVEMBER 2014.

What Is YouWiN!?
YouWiN! stands for Youth Enterprise with Innovation in Nigeria. It is an innovative business plan competition aimed at job creation by encouraging and supporting aspiring entrepreneurial youth in Nigeria to develop and execute business ideas. The accomplishments of the 1,200 YouWiN! awardees were celebrated at the Presidential Villa on April 12, 2012. YouWiN! Women was the second edition of the entrepreneurial scheme, which was designed for only female entrepreneurs aged 45 years or less. The third edition, YouWiN! 3, which support both male and female entrepreneurs in Nigeria, recently announced the 1500 awardees.With the upcoming launch of YouWiN! 4, the President of Nigeria will have fulfilled his promise to financially support over 3,600 Nigerian youths to develop their entrepreneurial ideals and plans through the YouWiN! program. YouWiN! 4 is open to both male and female entrepreneurs between the ages of 18 - 45 years.

APPLY NOW
The Youth Enterprise with Innovation in Nigeria (You WiN!) Programme is a collaboration of the Ministry of Finance, the Ministry of Communication Technology (CT), and the Ministry of Youth Development that will launch an annual Business Plan Competition (BPC) for aspiring young entrepreneurs in Nigeria, in line with the Federal Government’s drive to create more jobs for Nigerians. The programme will be implemented in partnership with Nigeria’s private sector, who will be requested to provide funding support.
 Objectives of the programme
 The main objective of the Youth Enterprise with Innovation in Nigeria (You WiN!) Programme is to generate jobs by encouraging and supporting aspiring entrepreneurial youth in Nigeria to develop and execute business ideas that will lead to job creation. The programme will provide aspiring youth with a platform to show case their business acumen, skills and aspirations to business leaders, investors and mentors in Nigeria.
Specific Objectives of the Programme include to:
•   Attract ideas and innovations from young entrepreneurial aspirants from Universities, Polytechnics, Technical colleges, and other post-Secondary institutions in Nigeria;
•   Provide a one time Equity grant for 1,200 selected aspiring entrepreneurs to start or expand their business concepts and mitigate start up risks;
•   Generate 80,000 to 110,000 new jobs for currently unemployed Nigerian youth over the three years during which the three cycles will be implemented;
•   Provide business training for up to 6,000 aspiring youth entrepreneurs spread across all geo-political zones in Nigeria;
•   Encourage expansion, specialization and spin-offs of existing businesses in Nigeria; and,
•   Enable young entrepreneurs to access a wide business professional network and improve their visibility.
PLEASE NOTE!!!
o   YouWiN is an equity contribution to your business. It is therefore NOT A LOAN but a grant.
o   Award recipients will be paid according to the needs of the business and specific mile-stones stated in the business plan.
o   Award recipients must be registered with CAC before disbursment of funds even though they do not need to be registered  to apply. You/wiN will support the registration process.
o   Award recipients will opperate accounts using their registered companies with any of the participating commercial banks prior to disbursment.
o   Award recipients must sign a grant agreement with the managers of YouWiN before disbursment of funds.
Qualification for Participation in YouWiN!
All applicants for the Business Plan Competition will be required to satisfy all of the following criteria to be eligible for consideration:
•   The applicant is a proven citizen of Nigeria, no older than 35 years (proof of identity international passport/voters card)
•   The applicant is proposing a business venture within the national borders of Nigeria, and with the intention of employing Nigerian citizens.
•   The proposed venture does not entail the production and distribution of weapons, alcoholic beverages, tobacco or/and gambling, or any activities that is in contradiction with the Nigerian constitution
•   Applicants have prepared an innovative business concept summary
•   The promoter should be willing to make an equity contribution in kind, but does not need to have long experience in managing a business
The applicant 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 the applicant  wishes to do business.

 How much money can I apply for?
Award recipients will recieve 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 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.
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.
I do not live in Nigeria, can I participate?
Yes. You can participate as long as you are a Nigerian and the business in located in Nigeria

https://www.youwin.org.ng



« Last Edit: November 18, 2014, 08:35:00 AM by moderator1 » Logged

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