Unity {Bank} empowers 400 contemporary graduates, invests over N100 million in Corpreneurship Problem
No fewer than 400 contemporary graduates have benefited from Unity {Bank}’s entrepreneurship improvement initiative, often known as Corpreneurship Problem over the previous 5 years.
This displays the {Bank}’s dedication to driving {economic} development by supporting the subsequent era of Nigerian entrepreneurs.
Launched in 20219 with pilots in 4 states – Lagos, Edo, Ogun, and Abuja and scaled to 10 States in 2020, the Corpreneurship Problem initiative is promoted in partnership with the NYSC Expertise Acquisition and Entrepreneurship Growth, SAED.
The initiative incorporates a enterprise pitch presentation the place members, who’re largely contemporary graduates collaborating within the one-year obligatory NYSC service, get the chance to current their enterprise plans and stand an opportunity to win enterprise grants.
The {Bank} lately elevated the prize cash to 16 million Naira per stream, permitting members who emerge winners within the enterprise pitch to win N800,000, N500,000, and N300,000 Enterprise grants for the first, 2nd, and third positions respectively as in opposition to the earlier editions during which the sum of N500,000; N300,000 and N200,000 had been handed out to respective winners within the Corpreneurship Problem.
Reflecting on the impression of the initiative, The Divisional Head of digital Banking and Fintech Partnerships, at Unity {Bank}, Mr Olufunwa Akinmade, who led the pioneer workforce that designed the initiative and launched the pilot, stated: “The Corpreneurship Problem has proved to be a viable enterprise improvement and empowerment initiative due its high-level of success in supporting budding entrepreneurs within the goal demographic, in addition to the scale of the issue it’s designed to resolve for the Nigerian financial system”.
Olufunwa expressed satisfaction with Corpreneurship Problem’s rising profile as one of many main sector-agnostic enterprise incubators in Nigeria and stated the {Bank} is dedicated to sustaining the programme to realize even better impression required to spice up job creation, with younger entrepreneurs main the cost.
Additionally talking, the Divisional Head of Retail and SME Banking, Mrs. Adenike Ambimbola stated, “We’ve seen the optimistic impression of the Corpreneurship Problem over the previous 5 years due to its modern strategy to youth empowerment and job creation, together with a holistic technique of supporting budding entrepreneurs with mentorship, and expertise improvement, moreover the {financial} backing.”
Since its launch, the Corpreneurship Problem prepare has crisscrossed the size and breadth of Nigeria, making a cease in 10 States per stream to show the goals of contemporary graduates and aspiring entrepreneurs into actuality, thus supporting the expansion of the SME sector in Nigeria.
The most recent version was held throughout 10 States, together with Taraba, Kogi, FCT, Lagos, Yobe, Ogun, Ebonyi, Enugu, Adamawa, and Imo State, with three winners rising in every State to make up 30 winners for the version. #
