Techawk

Entrepreneurship, Innovation and Startups News Hub

Apply For The NESG Startup Pitch Competition

Reading Time: 2 minutes

competition

The 25th Nigerian Economic Summit (NES25) startup pitch competition is now open for entries. The competition is organized by the Nigerian Economic Summit Group (NESG) in partnership with Sterling Bank, Venture Garden Group and its startup investment/acceleration arm GreenHouse Capital.

This collaborative effort seeks to empower Micro, Small, Medium Enterprises (MSMEs) across Nigeria with funding and mentorship.

It all started in 2017 when the NESG introduced a Startup Pitch Competition as part of the Annual Nigerian Economic Summit. The pitch competition created an avenue through which, young, innovative Nigerian startups could engage with the wide array of stakeholders drawn to NES.

Additionally, startups participating in the competition had the opportunity to win catalytic funding to help them scale their businesses. Beneficiaries over the years include Gerocare, Jand2Gidi, ColdHubs etc.

For the 25th anniversary of the Nigerian Economic Summit, NESG seeks to make the Startup Pitch Competition bigger and better than ever, with the key strategic words being bold informative and entertaining.

The build-up to the startup pitching competition commenced in the first week of August 2019 and the engagement with startups is expected to occur in 4 phases: applications & selection, bootcamp & pitch prep, pitch competition, and ongoing mentorship.

Applications will be open all through the month of August and at the end of the application period, 10 finalists will be chosen to participate in the bootcamp and competition.

READ  Applications Are Now Open For the First Batch of 2019 Katapult Ocean Accelerator 

The final 10 startups will take part in a 1-week bootcamp in conjunction with the GreenHouse Lab accelerator. During the bootcamp, they will receive tailored pitch coaching and mentorship.

The Startup Pitch Competition will be the culmination of the weeklong bootcamp, after which the 10 finalists will have the opportunity to present their startup to a curated audience of distinguished members of Nigeria’s private sector, including investors, accelerators/incubators, entrepreneurs, development agencies, government agencies, and corporate leaders.

Top 3 winners will win cash prizes ranging from US$2,500 to US$15,000 and all Finalists will receive ongoing support from NES and its partners through the NESG Innovation Fund.

ELIGIBILITY

Applications will be open to businesses:

  1. Registered in Nigeria with the Corporate Affairs Commission (CAC) and doing business for no more than five (5) years; and
  2. Engaged in any sector of the economy
    • Agriculture
    • Education
    • Health
    • ICT
    • Manufacturing
    • Renewable energy
    • Transport, etc.

APPLICATION REQUIREMENTS

  1. CAC Certificate of Incorporation
  2. Summary Business Plan (not more than 3 pages)
  3. Pitch Deck

Application closes on August 31st.

Musa Suleiman
Follow me

Leave a Reply

Your email address will not be published. Required fields are marked *

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.