June 24, 2013

Wennovation Business Idea / Plan Competition for Nigerian Undergraduate Students

Wennovation Business Idea Competition

Course(s) Offered: Business Idea or Plan
Course Level: Undergraduate
Provider: Wennovation Hub
Country to Study in: Nigeria

Scholarship Description
Are you a student of any Nigerian University? Do you have an innovative idea?

Whether you are trying to solve a problem, meet a need or even change the world, this is for you. With wennohunt, you have a sterling opportunity to turn your ideas into realities!

The Search for the next big Idea begins...

Applications are being accepted for the 2013 Wennohunt 1.0 Business Idea/Plan Competition for undergraduate students in Nigerian universities. The competition is a brainchild of Wennovation Hub, a Lagos-based innovation incubation platform.

Are you a student of any Nigerian University?  Do you have an innovative idea?  Whether you are trying to solve a problem, meet a need or even change the world, this is for you.  With wennohunt, you have a sterling opportunity to turn your ideas into realities! Just follow the information on the timeline.   The Search for the next big Idea begins...  So let us get your team started, if you have not logged in before, please click the REGISTER button at the top far right coner of this page and follow the instructions. If you have already registered, please log in using your e-mail address and password.

Eligibility
The following Entry Criteria apply:
  • Undergraduates in any Nigerian University
  • Undergraduate status valid in 2013
  • Teams of 2 to 5 students (Individual Entries will not be accepted)
Eligible groups
Citizens of Nigeria ONLY

Participating Institutions
All Nigerian universities and institutions of higher learning

Fields of study
All Business Ideas or Plans are eligible, whether you are trying to solve a problem, meet a need or even change the world

Number of awards
Several winners at different stages. However, only three (3) FINAL winners will emerge

Scholarship benefits
Three winners will emerge from the final round who will proceed to the business incubation phase and their prizes (meant for incubation) are as follows:
  • 1st Prize: $6,000
  • 2nd Prize: $5000
  • 3rd Prize: $4000
Method of Application
This competition is run on istart (see official website). Entry into the competition is in two steps:
  1. Register for an istart account on the official website via link below. Fill in all required details.
  2. After successful registration, you will then be able to upload your idea/executive summary and also provide your team details.
Note that only team leaders should fill the form. The team leaders will provide emails of other team members and invitation to join the team will be sent to these other team members.

The Business Idea Challenge – How it works:
Participants will submit a 2-page executive summary to be uploaded to Wennovation online platform developed for the competition. Nine winners/teams, 3 each from the University of Ibadan and Covenant University (Wennovation's two Partner Universities) and 3 from other Nigerian universities, will win $100 cash prizes each and will move on to the next phase which will be an inter-university competition among the winners from the qualified schools.

There will also be consolation prizes for the top 5 runner ups which will include access to exclusive mentoring and business plan templates. Also, winners and runners up will be matched to form single teams around winning ideas. i.e. Runners up will be encouraged to join winning teams to give them a chance to compete in the inter-university event.

DEADLINES:
Deadline is June 30, 2013 at 11:59pm Nigerian time.

PLEASE NOTE:
Late applications will not be accepted. Start your application now. You can return to complete it anytime until the deadline date.

The prizes above will be used for Business development and Incubation.

Upon success of business development and incubation, Wennovation Hub will assist participants to raise proof of concept funds and enter the market as full fledged businesses.

Contact
For further inquiries, fill in the Wennovation Hub online form

Application Deadline: 30 June 2013 (11:59pm Nigerian time)
Open to International students: No (ONLY Nigerians)

More Scholarship Information and Application

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