Opportunity Title: Orange Corners Nigeria Incubation Program 2024 for young Entrepreneurs (40,000 Euros in Funding)

Orange Corners Nigeria is an initiative of the Embassy of the Kingdom of Netherlands in Lagos and implemented by FATE Foundation which is aimed at contributing to a thriving entrepreneurial ecosystem in Nigeria. One that provides economic opportunities, skills, and empowerment for the youth.

For the past five years, we’ve been the driving force behind 180 businesses across nine cohorts, each a shining testament to the transformative power of our dynamic ecosystem.

Our incubation programme is not just about nurturing aspirations; it’s about transforming them into vibrant realities. it’s a dynamic, state-of-the-art facility where aspiring Nigerian young entrepreneurs come together to collaborate, innovate, and thrive. Here, dreams are nourished, skills are honed, and possibilities are endless.

Requirements

In order to meet the selection criteria you must be:
• Be an aspiring entrepreneur from Lagos, Nigeria
• Be between 18-35 years old
• Have a validated innovative business concept, not more than <2 years old
• The product or service responds to a local challenge in Nigeria
• The product or service relates to the Sustainable Development Goals

Budding entrepreneurs will be selected based on the:

• Innovativeness
•  Feasibility
•  Social Impact
• Clarity of Market
• Sustainability & Scalability of the business idea
• Competence of the entrepreneur/team

Benefits

• The program will be delivered in person and virtually due to the development of the pandemic.
• This program will not only provide the foundational entrepreneurial knowledge, tools, and resources needed to transform an idea into a business but will also make available the networks and support needed for sustainable growth of the business.

There is a variety of benefits the program will offer you of which the most important ones are:

• Enterprise Management Training
• Business Incubation & Advisory Services
• Funding for prototype development & testing

The program will be delivered in person and virtually due to the development of the pandemic. This program will not only provide the foundational entrepreneurial knowledge, tools, and resources needed to transform an idea into a business but will also make available the networks and support needed for the sustainable growth of the business.

Applications Process

• The 50 semi-finalists will be invited to participate in a compulsory two-day-long boot camp in which a jury decides who are best placed to join the incubation program.

Selection

• Selection will be conducted according to the performance during the boot camp. At the end of the boot camp, 20 young entrepreneurs will be selected to participate for six months.

Deadline: February 18, 2024