13 Sept 2012

10 MILLION NAIRA GRANT, HOW TO PARTICIPATE IN THE YOUWIN BUSINESS IDEA COMPETITION FOR WOMEN


I know you will be asking what the hell is YouWIN, I will explain,
YouWIN is an abbreviation for Youth Enterprise With Innovation. Its an annual business idea competition launched by the Federal government of Nigeria in partnership with the ministry of finance, World Bank, other ministries and organizations with the aim of empowering youth (Nigerians between the Age 18 - 45) with financial (10 Million Naira) and intellectual support they need to start-up or expand their winning business model.

Though for this year, which is the 2nd phase, only women between the age of 18 – 45 are legible to participate in the competition, I can vouch to the transparency and credibility of this program because I participated in the 1st phase.
The first phase featured
1.    The registration process on the YouWIN website where over 110,000 candidates registered.
2.    Submission of 1st round business proposals which about 24,000 did.
3.    Selection and training of winners in the six geopolitical zones which about 6000 were selected and trained from the 24,000 that submitted their business proposals.
4.    Submission of 2nd round business proposal
5.    Selection, empowering and integration of winners which about 1200 where selected from the over 5000 that submitted the 2nd round business proposal.
For the 2nd phase of the completion, the procedure is almost the same
Competition Timeline
  • Mon. Sep 3, 2012 Launch of 2012/2013 Edition of the YouWiN! Business Plan Competition tagged "YouWiN! Women".
  • Mon. Sep 3, 2012 First stage business concept submission starts after launch by President Goodluck Jonathan.
  • Sun. Oct 14, 2012 First stage business concept submission closes. No entries accepted after this date.
  • Mon. Oct 15, 2012 Marking of first stage submission by an International Business School.
  • Fri. Nov 30, 2012Notification of successful first stage candidates and invitation for training in each state of the nation.
  • Mon. Dec 10, 2012Training of the 1st set of second stage candidate starts. Trainings will be held in sets on 10 - 21 December 2012 and 2 - 11 January 2013.
  • Mon. Dec 10, 2012 Submission of second stage business plan starts on 10 December 2012 and ends 8 February 2013. Please note that only entries from candidates who attended the training and had their biometrics information collected are eligible and will be reviewed.
  • Fri. Feb 8, 2013 Submission of second stage business plan entries closes. All qualifying candidates must submit their business plans by this date.
  • Mon. Feb 11, 2013 Business plan marking commences with an international business school providing quality assurance.
  • Wed. May 1, 2013 Winners are notified and published on website and major national dailies.
How to apply

Click on register, fill the form and submit, go to your mailbox and open and click on the confirmation link that was sent you.
Log in with you details and click on the business proposal application link on your dashboard.

I will advice you download the 1st phase training materials and study it extensively to see what is required of you in your business proposal, you can click here to get them.

You can also get more, tips, information, and ideas from these websites

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