Enter for Wennovation Business Idea Competition – Nigerian Undergraduate

Are you a student of any Nigerian University?

Do you have an innovative idea?

Applications are 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.

N.B Visit www.campusflava.com for latest updates 

The Business Idea Challenge – How it works

Wennovation business idea competition

Participants will submit a 2-page executive summary to be uploaded to their online platform developed for the competition. Nine winners/teams, 3 each from the University of Ibadan and Covenant University (their 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.

Entry Criteria

Undergraduates in any Nigerian University

Undergraduate status valid in 2013

Teams of 2 to 5 students (Individual Entries will not be accepted

Competition Rounds

Round 1 is the Business Idea Challenge

Round 2 is the Business Plan Competition

Round 3 is the Business Incubation (Each round winners and runners-up will receive specified awards).

The Award

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

Application Deadline

Deadline is June 30, 2013 @ 11:59pm Nigerian time. Late applications will not be accepted. Start your application now. You can return to complete it anytime until the deadline date.

Visit Wennovation website http://www.wennovationhub.org/ for details