IGNITE BUSINESS CONTEST FOR NIGERIANS. WIN N100K

About the Contest
As The Chair Centre Group approaches its 25th anniversary, its founder, Mrs Ibukun Awosika, seeks meaningful and impactful ways to mark this significant milestone. One of such is to conduct a crowd sourced contest aimed at identifying 100 innovative and viable business ideas. Each of the 100 winners will receive a sum of N100, 000 (One hundred thousand naira only) as seed capital to progress their business idea and also benefit from 1 year business management mentoring by some members of the screening & selection committee. This singular contest will ensure that brilliant business ideas do not die due to lack of funds.
One of the biggest challenges facing budding entrepreneurs in Nigeria is financing. The country is blessed with great people, highly talented, hard-working and smart people with great business ideas. However, very little has been done to ensure the ideas materialize because of lack of funds. Join other inspiring entrepreneurs who will apply for Ignite Business Idea Contest to celebrate The Chair Centre Group.
Qualification Requirements

  • Applicants must be of Nigerian nationality
  • Their age bracket must be between 18 and 35. Failure to verify age will result in the application being declined.
  • Applications must articulate a specific business problem to solve or opportunity to address.
  • The ideas must be original, address a clear market gap.
  • Applicants must be clear on the benefits from the prize money and the viability of idea must be established,
  • Employees of The Chair Centre Group, Digital Jewels Limited, AGDC etc and their families are not eligible to apply.
  • The Judges’ decisions are final.
Guides for Applicants
  • Entries must be submitted online within the specified time-frame and conform to specified guidelines and terms and conditions of participation clearly outlined on this website.
  • All entries will be reviewed by the Panel of Judges who consist of carefully selected accomplished professionals from all walks of life.
  • Shortlisted entries will be invited for interviews to further review the ideas.
  • At the end of the screening and selection process, 100 best business ideas will receive the sum of 100,000 (One hundred thousand naira only) seed capital.
  • This capital will be routed through First Bank Micro Finance Bank and will be interest free for the 24 month tenure. After the first 6 months, monthly repayments of N5,000=00 only will be expected for 18months until the capital is fully repaid. A good relationship with the Micro Finance Bank will provide a foundation for a long term banking relationship with the Bank and subsequently the parent Bank.
  • The selected 100 will also enjoy a one-year business mentorship opportunity from great and successful business men and women in the country
The Organisers
The competition is an initiative of The Chair Center Group. The group has been charting the course in the business space in Nigeria and beyond for the past 25 years. It is organising this contest in partnership with Digital Jewels LTD, AGDC and First Bank Micro Finance Bank.
Further Information
Visit the organisers’ website here or send an email to info@igniteideas.org

This Post Has 3 Comments

  1. Anonymous

    When is the deadline for this?

  2. jowdjbrown

    he country is blessed with great people, highly talented, hard-working and smart people with great business ideas.Türkiye Finans

  3. Xtremeloaded

    Wow, this is really good news and i must try my luck this time, thanks for bringing this promo to my notice

Leave a Reply