The Union Bank Centenary Innovation Challenge
In celebration of 100 years of heritage & service, Union Bank is running a Centenary Innovation Challenge to find and support great ideas that address the Sustainable Development Goals (SDGs) in entrepreneurial ways. The Sustainable Development Goals (SDGs), otherwise known as the Global Goals, are a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity
We are looking for your innovative ideas to address the biggest problems affecting how people live, work, socialise and do business in Nigeria. In particular, we are looking for great ideas that improve financial inclusion, agriculture and education of Nigerians.
We invite entries from ALL eligible Nigerians particularly university students, software developers, academics and entrepreneurs from across the six geopolitical zones
Prizes and Incubation process
The best ideas generated & submitted will leverage Union Bank’s expertise and the reach of its value chain to develop and scale.
The top 3 ideas will receive immediate cash prizes of 2 million Naira, 1.5 million Naira and 1 million Naira respectively towards the execution of the idea.
Further incubation support will be provided via the Co-Creation Hub (CcHUB) incubation services with full engagement with Union Bank.
Over the subsequent six months, the top three ideas will be supported with a range of services focused on product development, distribution and business modelling to turn their ideas into fully working products to launch in late 2017.
In addition to access to a range of different partners and mentors from the public and private sectors, winners will also have access to Union Bank’s customers and employees and also leverage Union Bank’s reach & strategic networks to bring their ideas to life.
Rules & Eligibility
We invite university students, software developers, academics and entrepreneurs across Nigeria to submit novel ideas that address challenges related to the Sustainable Development Goals (SDGs) including financial inclusion, agriculture and education starting in one community but potentially scalable across the nation.
The top 3 selected ideas will attract immediate cash prizes and further incubation support via the Co-Creation Hub (CcHUB) incubation services with full engagement with Union Bank.
Through the challenge, we hope to find hidden social innovators across the length and breadth of Nigeria, supporting them to develop their ideas and to scale leveraging digital technology and Union Bank’s reach and networks.
Entries Close on 19th May, 2017