Unity Bank Plc, on Tuesday said its flagship Entrepreneurial Development Initiative, Corpreneurship Challenge, is set to return for the 8th edition across 10 locations in Nigeria, including a debut in Delta and Rivers States.
The bank kick-started the Corpreneurship Challenge scheme in 2019 with a launch in Lagos and in three other states including Edo, Ogun, and Abuja, noting that with the increasing traction of the initiative among corps entrepreneurs, there is need to expand the programme to 10 states across the federation.
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.
The first expanded edition covered Lagos, Ogun, Abuja, Edo, Katsina, Enugu, Bayelsa, Akwa Ibom, Sokoto, Kano and Kaduna. Since then, Unity Bank says it has so far invested over N100 million in the initiative, which has now produced 58 winners.
This 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 a 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.
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.