As part of the activities building up to the 25th Anniversary of The Chair Center Group, a West-African Furniture Company, applications are invited from Nigerian entrepreneurs for the 2014 Ignite Business Idea Contest.
The 100 contest winner will get N100,000 each in interest-free seed capital to start or expand their businesses. The seed capital will be routed through First Bank Micro-Finance Bank.
The funds will be re-payed over a period of 18 month commencing from the 6th month after the funding has been given. Entrepreneurs will then repay N5000 monthly.
- The business must solve a clear market need
- Applicants must been aged betweed 18-385
- Seed-funding of N100,000 for 100 entrepreneurs as well as mentoring with leading Nigerian entrepreneurs and business consultants
This contest will have seasoned Nigerian entrepreneurs as judges among which are Tara Fela-Durotoye of House of Tara, Sanyade Okoli of Travant Capital, Bolanle Austen-Peters of Terra Kulture , Lanre Onasanya of Integral Assets Limited, Femi Tejuoso of Helios Towers Nigeria Limited, Ajo Afolabi-Balogun , John Etim-Bassey, Adedoyin Odunfa, and Babi Subair of Liberty Partners Limited.
Applicants are requested to register at Ignite Ideas Website and consequently fill the application form.