Applications are now being accepted for the 2013 Wennohunt 1.0 Business Idea/Plan Competition for undergraduate students in Nigerian universities. The competition is a brainchild of Wennovation Hub, a Lagos-based innovation incubation platform.
- Undergraduates in any Nigerian University
- Undergraduate status valid in 2013
- Teams of 2 to 5 students (Individual Entries will not be accepted
The Business Idea Challenge
Participants will submit a 2-page executive summary to be uploaded to their online platform developed for the competition. Nine winners/teams, 3 each from the University of Ibadan and Covenant University (their two Partner Universities) and 3 from other Nigerian universities, will win $100 cash prizes each and will move on to the next phase which will be an inter-university competition among the winners from the qualified schools.
There will also be consolation prizes for the top 5 runner ups which will include access to exclusive mentoring and business plan templates. Also, winners and runners up will be matched to form single teams around winning ideas. i.e. Runners up will be encouraged to join winning teams to give them a chance to compete in the inter-university event.
Round 1 is the Business Idea Challenge
Round 2 is the Business Plan Competition
Round 3 is the Business Incubation [Each round winners and runners-up will receive specified awards).
Three winners will emerge from the final round who will proceed to the business incubation phase and their prizes (meant for incubation) are as follows:
1st Prize: $6,000
2nd Prize: $5000
3rd Prize: $4000
Deadline: June 30, 2013