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The Ugwumba Enterprise Challenge is a competition geared towards challenging the creativity and audacity of young Africans to be innovative and survive as entrepreneurs. As part of the program, every applicant passes through a compulsory boot camp and pitching competitions where the best business ideas are selected for financial and technical reward from the Ugwumba Center for Leadership Development.
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To be eligible for this program
- The applicant must be a Nigerian citizen who is based in Nigeria.
- You must be between the ages of 18 and 40 years.
- The applicant must have an innovative idea that can be transformed into a business or social enterprise.
- There is no preference for any sector of the economy.
- The program is interested in early startups and applicants whose businesses are at the ideation stage.
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Participants stand the opportunity of winning any of the following:
- 1st Prize (N2 million)
- 2nd Prize (N1 million)
- 3rd Prize (N700,000)
- 4th Prize (N500,000)
- 5th Prize (N300,000)
- Consolation Prizes (N100,000) each for the remaining 6th–10th finalists.
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