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  Keystone Bank is organizing an incubator program for SMEs and startups in Nigeria. Tagged the Keystone Startup Advantage (KSA), the incubator will equip small businesses and tech-driven ventures with the knowledge and resources they need to scale in today’s business environment.
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The KSA program is designed in line with the United Nations Sustainable Development Goal (UN SDG) 8, which is “to promote sustained, inclusive and sustainable economic growth, full and productive employment, and decent work for all.” This program, which is expected to last for 3 months, will adopt a hybrid approach to training startups (online and in-person). It will involve tutor-led and self-study modules. Participating startups will be prepared for investment, and selected startups will also receive grants.

Benefits

SMEs and startups accepted into the incubator will benefit from it in the following ways:
  • ₦3 million Grant will be given to three startups from the program
  • Participating startups will get the chance to pitch to potential investors at a demo day
  • They will become part of a startup ecosystem which comes with a chance to access opportunities and valuable networks
  • Benefit from one-on-one coaching and mentoring sessions
  • Gain the knowledge and skills they need to scale their businesses
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Eligibility

Startups and SMEs must meet these conditions to be eligible for the incubator:
  • Should be in the agro, creative, fintech, education, health, and other high-growth industries, and must have innovative and technology-driven solutions that can attract investors.
  • Must have gone beyond the ideation stage, and be in the validation or post-validation stage.
  • Applicants based in Lagos should be able to physically attend the demo day, expected to hold in Lagos in June/July 2022. Candidates outside Lagos can take part and make their pitches virtually.
  • Must already have a business account with Keystone Bank, or open a Grow biz or Growbeta account with the bank.
Applications will remain open until Monday, 28 February 2022. If you would like to apply for the Keystone Startup Advantage Program, click here. Featured Image Source: Premium Times NG
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This article was first published on 11th February 2022

ikenna-nwachukwu

Ikenna Nwachukwu holds a bachelor's degree in Economics from the University of Nigeria, Nsukka. He loves to look at the world through multiple lenses- economic, political, religious and philosophical- and to write about what he observes in a witty, yet reflective style.

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