Sterling Bank Plc and the Nigeria Economic Summit Group (NESG) are to give out $30,000 US Dollars to Small and Medium Enterprises at the NES’ #24 Start-Ups Pitching Event holding October 21, 2018.
Sterling Bank is one of Nigeria’s leading commercial lenders, while Nigeria Economic Summit Group is a non-profit with the mandate of promoting economic reforms in Nigeria.
The event aims to connect new Nigerian ventures seeking start-up funds with potential investors. Applicants are expected to be registered in Nigeria with the Corporate Affairs Commission (CAC) and not more than five years in business,. They may be engaged in any sector of the economy ranging from agriculture, education, health, ICT, manufacturing, renewable energy, transport, etc..
The contesting start-ups will have five minutes to pitch their business ideas to prospective investors, and 10 minutes to answer questions. Winners stand to gain potential investment opportunities, publicity, skill enhancement and guidance on innovative ideas. Investors would be able to identify start-ups that align with their investment plans.