Union Bank Innovation Challenge is a concept of Union bank to assist young on solution driven concept. The Covid-19 pandemic has changed the world as we know it, setting the stage for innovators and creative thinkers to take the lead in developing groundbreaking solutions for unprecedented challenges.
As we push through the “new normal” towards a “better normal”, businesses are looking for cutting-edge solutions that will set them apart in an increasingly competitive and complex environment.
If you are an entrepreneur in Nigeria with an exciting technology-focused Minimum Viable Product (MVP) then this is your time! Union Bank is hosting the fourth edition of the Innovation Challenge, UnionX, themed A New Discovery.
- Host: Union Bank
- Category: Competition
- Eligible Country: Nigeria
- Reward: 3.5 Million Naira Cash Prize
- Deadline: February 28, 2021
- Click here to Join our WhatsApp Group
This challenge is open to innovative and creative entrepreneurs with solutions that have the potential to transform sectors that include but are not limited to Financial Technology, E-Commerce, Health, Education and Agriculture.
We are looking for you.
Eligibility and Rules
Early-stage startups in Nigeria, with a business registered in Nigeria and an available, innovative Minimum Viable Product (MVP) that has the potential to transform sectors that include but are not limited to Financial Technology, E-Commerce, Health, Education and Agriculture are invited to apply.
The top 3 MVPs will receive cash prizes from Union Bank and incubation support by GreenHouse Capital, while fully engaging with Union Bank.
Reward and Prizes
The best ideas will gain access to Union Bank’s network and its value chain to further develop their solution and scale. The top 3 startups will receive cash prizes of 2 million Naira, 1.5 Million Naira, and 1 million Naira respectively coupled with a 2-month incubation program.
The top 3 startups will also be supported with product development, distribution and business modelling geared towards potential integration to the Bank.
In addition, access to partners and mentors, alongside access to Union Bank’s customer base and employee expertise will be enjoyed by the winners.
Method of Application
Interested Nigerians should use the link below to make an entry for this competition.