The KB Business Support (KBBS), in partnership with Insidify, is calling for applications into its 2017 programme.
What is KBBS ?
KBBS is an interest and collateral free cash and mentorship support programme that was conceived with an intent to assist young and hardworking Nigerians who desire to pursue legitimate means to better their lot in life, but are usually limited by capital.
The 2017 programme will be giving out a collateral and interest free cash support of ₦3million in bits of ₦500,000 to 6 young entrepreneurs to help them kick start their micro-businesses. In addition to this, every applicant will enjoy a short online course on entrepreneurship for free, with a certificate. The entrepreneurship course was designed in collaboration with the Enterprise Development Centre EDC.
KBBS is not sector specific, it is not an incubator or accelerator. No equity, or fees are required from applicants at any stage of the process.
The Insidify Angle:
In the words of Insidify’s CEO, Dr. Emmanuel Okeleji, “We’re going into this partnership because what KBBS intends to achieve fits perfectly with our narrative. We are a success and productivity company; our cardinal purpose is to help people become more successful and productive.
Joining forces with KBBS is our way of putting our money, and our technology, where our mouth is. When 100 people apply for only one job, what happens to the remaining 99 who do not get the job? But when you help 1 smart entrepreneur and her partner get their small business running, and they in turn employ 3 or 4 more people, those are 5 or 6 new jobs that never existed before. More people with jobs equals more people who lead productive and successful lives.
Off the success of this first year, we hope that Insidify and KBBS can increase the scale of the programme by making all the materials and lessons from this first year open for public use, for free (this includes the entrepreneurship course, the technology used to process applications and select successful applicants, etc.).
This will hopefully be useful to, and encourage other people who want to use this template to support young Nigerians. Additional cash will also be added to the funds every year, so that there will be more money to give out year on year.”
How to Apply :
The entire application process for the KBBS is online. Applicants are required to fill in their details either as a start-up or an existing business. Upon submitting your application, you will receive an email confirming that your application was successful. Following the email will take you to the entrepreneurship course.
The entrepreneurship course, which teaches you about how to start a business from idea to profit in Nigeria, was developed by Insidify in collaboration with the Enterprise Development Centre of the Lagos Business School. The course is free, online, and will take you no more than 2 hours if you intend to take it at once or 2 days if you intend to take it at a leisurely pace.
The course is a mix of video, audio, and text content and you’re going to have quizzes within those 2 hours of training. You are advised to take this course seriously as it is a major criterion in your getting selected for the programme.
Application runs from August 1st through to September 15th, 2017.
We wish you the very best as you apply.
Read more and start your application for the 2017 KBBS Programme here
Nigerian startups raised $377m in 2019, more than twice what they did in 2018. Find out more when you download the full report.