Africa Plus Partners (APP) Nigeria Limited, a Securities and Exchange Commission licensed private Equity firm and fund Managers of the Africa Infra Plus Fund (AIPF), has launched a venture startup competition for students in Nigerian universities.
The student Venture Startup Competition Prize worth N1.8 million seeks to support individual students who have venture ideas, and whose ventures have the potential to create impact at scale.
Interested students have until November 10, 2019 to apply at no fee online through the APP Student Venture Prize website.
Students with ideas can apply alone or in a group of not more than four.
Briefing newsmen in Calabar at the Windsworth Hostel, a Public-Private Partnership initiative between APP and the University of Calabar, the Managing Director of APP and Chief Investment Officer of AIFP, Adeniran Ajakaiye, said that two weeks after the applications close, by November 25, top 10 finalists would be announced.
Ajakaiye said the finalists would attend an all-expense paid Bootcamp between December 6 and 14 during which they would participate in specialized workshops to help them prepare for the final pitch day, called “The Lion’s Den/Grand Finale”
“The grand finale is called the Lion’s Den because the finalists will pitch front of an esteemed group of accomplished chief executives as well as APP management and directors.
The winner from the 10 finalists will go home with N1, 000, 000. The second and third will receive N500, 000 and N300, 000 respectively,” he said.