ABOUT THE COMPETITION
1st Business Plan Competition of the Centre for Entrepreneurship Development is an entrepreneurial competition organised to incubate willing students with creative projects/marketable ideas in the Collegeâ€™s Entrepreneurship Incubation Centre. This novel giant stride on the part of the Centre is designed to tackle frontally the hydra-problems of unemployment, poverty and hopelessness confronting the Nigerian youth. The Competition shall bring together self-driven, business-minded and innovative students of the College to compete and show-case their creative business plans before panel of experts from the industry. At the end, the students with the best business plans shall be incubated and provided intervention start-up funds to launch their creative ideas into real businesses under the guardianship and mentorship of the Collegeâ€™s Entrepreneurship Incubation Centre.
BENEFITS OF THE COMPETITION
The successful students shall be provided the following;
1. Seed funding/Start-up capital to launch and grow their ideas,
2. Training materials on business plan development,
3. Mentorship from the Collegeâ€™s Entrepreneurship Incubation Centre,
3. Networking opportunities with well-known entrepreneurs, investors, banks and potential partners,
4. Media visibility for finalists as celebrities and entrepreneurship ambassadors
WHO DO WE SEEK?
The competition attracts students who have marketable ideas, fully developed inventions or work-in-progress technologies but lack the financial resources to turn these ideas into business ventures. The Idea track is for student entrepreneurs with brilliant ideas which is yet to be developed into business concepts while the Growth Track is for student entrepreneurs, who have already established their business ventures and are looking forward to growing them to the next level. The students would be required to indicate the track for which they are applying in their applications. Group application is highly encouraged especially for the Idea Track of the competition.
ELIGIBILITY CRITERIA FOR APPLICANTS
Prospective applicant should read and comply fully with the eligibility criteria stated below.
â¦ The competition is strictly for students of the College with the willingness to participate fully and the readiness to have their businesses incubated in the Collegeâ€™s Entrepreneurship Incubation Centre
â¦ Prospective student could enter the competition as an individual or a group with maximum of five (5) students, although there is no restriction on the total size of the ventureâ€™s founding team.
â¦ Individual student application is allowed but applications by groups are highly encouraged. In the case of group application, each group shall select a competent member who will be the â€œrepresentative applicantâ€ for the group in this competition.
â¦ The student applicant should be ready to defend their proposals before a panel of experts.
â¦ Only one submission is allowed per applicant
â¦ The products or services offered or intended to be offered should be innovative, legal, and marketable. All plagiarized and stolen proposals submitted for the competition shall be discountenanced and disregarded.
TIMELINE OF THE COMPETITION
The datelines for the competition are provided in the table below:
Important Dates Beginning Ending
Submission of Business Plan September 16 , 2015 October 30, 2015
Screening of Submission October 1, 2015 October 14, 2015
Oral Presentation and Award Ceremony for 1st to 5th November 17, 2015
Download the Business Plan Template from YabaTech portal or request by sending your name, matric no and department to email@example.com for a softcopy to be sent to you by Mr. Shokunbi M.O. Complete the Business Plan Template as specified in the template, and then send the completed Template with a cover letter indicating your full names, contact email, and phone numbers (CV) to :
The Screening Committee
Business Plan Competition (BPC)
Centre for Entrepreneurship Development
Yaba College of Technology
For further information and corporate sponsorship/partnership, please contact: The Director, CED on 08081644688