Unity Bank extends N10m business grant to corps members
Unity Bank Plc’s flagship Entrepreneurial Development Initiative, Corpreneurship Challenge, is set to return for the eighth edition across 10 locations in Nigeria, including a debut in Delta and Rivers states.
The Retail lender kick-started the Corpreneurship Challenge scheme in 2019, with a launch in Lagos and three other locations – Edo, Ogun and Abuja. With the increasing traction of the initiative among corps entrepreneurs, the bank has expanded the programme to 10 states across the federation, a statement by the bank said.
The first expanded edition covered Lagos, Ogun, Abuja, Edo, Katsina, Enugu, Bayelsa, Akwa Ibom, Sokoto, Kano and Kaduna. The next edition will hold for the first time in Rivers and Delta as well as making a return to Sokoto, Edo, Abuja, Akwa-Ibom, Osun, Kano, Bayelsa and Enugu.
The Corpreneurship Challenge, which has earned the bank national recognition for its impact on youth empowerment and job creation, has continued to elicit growing interest among the corps members, attracting over 2000 applicants and participation in every edition.
In partnership with the NYSC Skill Acquisition and Entrepreneurship Development, SAED, the initiative prominently features a business pitch presentation that provides the participants with the opportunity to present their business plans and stand a chance to win up to N500, 000 cash in the business grant.
Previous editions saw participants pitching business plans from several sectors including software solutions, fashion, fish production, poultry farming, bee farming, retail chains, and piggery to beverages which were assessed based on originality, marketability, and future employability potential of the product and knowledge of the business.
So far, Unity Bank has invested over N100 million in the initiative, which has now produced 58 winners since it was launched.