We are happy to inform you that YouWIN 4 (Youth Enterprise
With Innovation in Nigeria) has been launched on Monday 17th November, 2014 by
President Goodluck Jonathan at Banquet Hall, State House. In addition to the
launching of YouWIN! 4, President Goodluck Jonathan would also launch Small and
Medium Enterprise Venture Fund. The Venture Capital Fund is to support operational
businesses that can demonstrate great potential for job creation and
sustainable profit and will be administered by Federal Ministry of Finance.
President Goodluck Jonathan on Monday in Abuja launched the
$50 million Venture Capital Fund better known as the YouWin Small and Medium
Enterprise (SME) growth fund.
The fund was launched by the Nigerian leader alongside the
fourth round of the Youth Enterprise with Innovation in Nigeria (YouWin)
programme at a colourful event staged at the Banquet Hall of the Presidential
Villa. The fourth edition is expected to support additional 1,500 entrepreneurs
along with the SME-Growth fund, which is a private equity fund for
entrepreneurs.
President Jonathan | Okonjo Iweala | Gov. Willie Obiano during the Launch at Abuja
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.
According to President Jonathan in 2011 during the launched
of YouWIN! 1,“Unemployment among our youth is one of our biggest challenges.
The time has come to create jobs (and) lay a new foundation for Nigeria’s
economic growth”.
Jonathan cited available records which indicate that a total
of 22,000 jobs had been created by the first and second editions of YouWin. He
expressed delight about this and hoped that with the launch of the fourth
edition, the total number of jobs would increase to 44,000.
The just ended third
edition, YouWiN! 3, which support both male and female entrepreneurs in
Nigeria, recently announced the 1500 awardees. With the launch of YouWiN! 4 on
November 17, 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. The program is now in
it’s fourth annual cycle (YouWiN! 4)
YOUWIN! 4 COMPETITION IS OPEN FOR SUBMISSION!!!
Following the launch of the fourth edition of the YouWiN!
program by the President of Nigeria, the website is now open for submission of
YouWiN! 4 concept note applications. To be eligible and considered for the YouWIN 4 Business Plan
Competition, applicant must satisfy the following criteria;
- You must be a proven citizen of Nigeria no older than 45 years (proof of identity: International passport/Drivers License/National ID/Voters card required)
- You must have a post-secondary school qualification
- Your proposed business venture must be within the national borders of Nigeria, and with the intention of employing Nigerian citizens.
- Your proposed venture must not entail the production or distribution of weapons, alcoholic beverages, tobacco or/and gambling, or any activities in contradiction with the Nigerian constitution
- You must prepare an innovative business concept summary
Stay updated with all Global News | Events | Coverage | Interviews | Gists |
No comments