There is nothing more frustrating than coming up with great ideas only to get stuck at the point of execution due to limited capital. From recruitment to equipment, marketing and production, capital generation is important to keep businesses competitive and thriving.
Aware of this pressing challenge faced by startups across the country, the Nigerian Economic Summit Group (NESG), with the supported by Sterling Bank and some other companies organized a startup pitching contest for Nigerian startups.
Now in its 3rd edition, the contest is set to hold as part of activities lined up for the 25th anniversary of the Nigerian Economic Summit. The summit is a realization of the group’s objective in developing the Nigerian economy by bringing together policymakers, innovators, and entrepreneurs to promote reform and sustainable growth in Nigeria.
The startup pitching contest which has become an integral part of the annual summit since 2017 promises to be bigger and better this year with businesses getting the opportunity to interact and communicate with investors who are looking to identify and invest in businesses that align with their own investment strategy.
Ten early-stage startups will be selected to pitch their businesses and ideas to investors and venture capitalists. The top 3 winners will be eligible to win cash prizes ranging from N2.5million to N10 Million, with a N1 Million audience choice prize up for grabs.
The event is targeted at startups who have been in business for 5 years or less. These businesses must also be registered with the Nigerian Corporate Commission (CAC) and must submit a 3-page summary business plan alongside a pitch deck.
Applications will be accepted until the 31st of August, 2019 while the Startup Pitching Contest is scheduled to hold on the 6th of October, 2019 with the ten selected startup owners given the opportunity to pitch to their potential investors.
Visit here to register for the contest and you too can stand a chance of winning the prize money that can take your business to the next level.
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New Report: Nigerian startups raised $24.7 million in Q2 2019, 40% higher than Q1. Find out more in the latest quarterly edition of the Nigerian Startup Funding Report here.