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How to Apply

Together We Can
HOW TO APPLY
Application Requirement for Potential Interns and Entrepreneurs
Application Process
Apply
Business proposal and Business model canvas Template

APPLICATION REQUIREMENT FOR POTENTIAL INTERNS AND ENTREPRENEURS

 

 

 

 

Stage 1 —:

  • Submission of business idea/plan
  • Reviews all the business ideas/plans or existing businesses (as the case may be) by selection committee.
  • Selection of high-potential ideas or viable business that can be translated into a venture or scaled up

Stage 2 —:

This is the transformation of business idea or venture to a potential bankable company. This is the most significant part of the model and it might take between 3 months to 6 months. It entails helping the selected business idea or venture become ready for financing from Angel Investors and other financial investors. The Secretariat/Incubation Centre will provide the selected entrepreneurs with the appropriate resources needed for succeeding in business. This include simulation environments, computers and access to established business managers. The Incubation Centre will access experts that can mentor the entrepreneurs who are in the program.

Stage 3 —

This involves financing the businesses that have been developed or fine-tuned using resources at the Incubation Centre to address all the initial teething challenges and be ready for funding. The Incubation Centre will have a percentage ownership in the business, possibly between 5% and 10%, depending on the business and the negotiation with the entrepreneur. Subsequently, angel investors who are investors in the incubation centre have the first right to further invest taking direct equity position during the “Angel Pitch Days’ before other investors will be given opportunity to invest in the business.

To apply, prepare your business proposal and your business model canvas (see templates below). Click on the apply link. Fill the application form and upload the documents listed below.

 

Alternatively

Send the following documents listed below to foundation@nsche.org.ng

  • Business proposal
  • Business model canvas
  • Complete Financial Analysis on Excel Document
  • Resume/CV
  • Pitch Summary

Please summarize why your approach is innovative and the expected impacts, brief summary of financials, potential to scale, and team leading your innovation (1500 words max.)

BUSINESS CANVAS MODEL

Business Proposal Template

Send in your Business proposal and Business model canvas by filling the form below and upload your proposal in pdf format only.

  • Tell us about your business, why you are going into the business and what issues or problems you wish to solve. Share the business’s proof of concept, pilot model, and/or validation surveys if any.
  • Describe your value proposition. What makes your business proposal unique? What products and/or services is your business providing and how will it address the purpose you wish served? How does it create value for your target customers?
  • What processes (or production processes if any) will be involved? How will you run your operation?
  • Tell us about your market. Who are your target customers and where is the Market? What are your marketing plans? How do you plan to penetrate the market? Which marketing channels will you be using? How will you sell your products and/or services?
  • How will you source your raw materials and other resources like Labour which you will need?
  • Who are your competitors? What is the total available market, target market, how will the market evolve in future? What do your competitors offer? How sustainable will your competitive edge be? What are the risks? How do you plan to minimize them? Provide a SWOT analysis.
  • Provide your financial projections. Show your revenue, expenses, and cash flows? How and when will you break even? How will you make returns on investment above your expenditure stream?
  • What opportunities, such as export, creating employment and so on, will your business present?
  • How will the business be managed? Who are your team members and partners? What experience and/or skills does each member or partner bring to the business?
  • What are your current milestones in the business (if any)? Is the business already established? What stages of development are needed? What short-term and long-term goals have you set?
  • How much funding do you require for your business?
  • Tell us what your plans are if you eventually get the Angel Fund Initiative (AFI) Support and how would you channel it to develop your business?

Areas of Interest

  • Agro Processing
  • IT and Software Applications
  • Food processing and Technology
  • Chemical Processing
  • Oil and Gas Processing
  • Manufacturing
  • Production Technology

    Business Proposal
    Resume/CV