Zenith Bank has launched a pitch competition to identify, reward, and provide mentorship support for scalable Nigerian startups whose business solutions have the potential to reshape the Future of Business in Africa.
The Bank will support the best startups that are using technology and innovative ideas to help solve the problems of the present to build a better future in the following areas:
- Wholesale and retail
- eCommerce
- Payments
- Lending
- Wellness
- Cybersecurity
- EdTech
- Electricity (power vending)
- AgriTech
The top 10 teams will receive a cash prize to help them bring their business idea to life. The best teams will have an MVP and a clear path for growth. In addition to the prizes below, the other 7 participant startups will receive a 1 million Naira cash prize each.
2nd Runner Up: 5 million Naira
The third-placed team will receive 5 million naira plus a scholarship into the Seedstars mentorship hub.
1st Runner Up: 10 million Naira
The second-placed team will receive 10 million naira in prize money and a scholarship into the Seedstars mentorship hub.
Winner: 15 million Naira
The grand prize is 15 million naira plus an opportunity to pitch investors and gain access into the Seedstars Mentorship Hub.
Application Criteria
Startup must:
- Be at the MVP stage
- Have a complete team
- Must not have raised more than $75k
- Be operating in one of the sectors listed
Program Benefits
The 10 selected startups will gain access to training and mentorship to help them prepare for the 2-day pitching competition being held at the Zenith Bank Tech Fair on the 22nd & 23rd of November 2022.
- Pitch Training
- Follow-on Program
- Cash prizes:
- 1st Prize: N15m (Fifteen million naira)
- 2nd Prize: N10m (Ten million naira)
- 3rd Prize: N5m (Five million naira)
The rest of the 10 startups (4th – 10th) will be awarded a participatory prize of N1m (One million naira) each.
Application Dates: November 7 – 14, 2022 Announcement: November 16 Competition Date: November 22-23
Click here to apply
