NASME 2023 Youth Empowerment  – Are you a young and enthusiastic Nigerian entrepreneur with a brilliant business idea? Look no further! The Nigerian Association of Small and Medium Enterprises (NASME) is thrilled to announce the launch of the 2023 Youth Empowerment Business Scheme Competition, and they want you to be a part of it.

The Nigerian Association of Small and Medium Enterprises (NASME) is pleased to announce the 2023 Youth Empowerment Business Scheme Competition. This competition is open to young Nigerians between the ages of 15 and 29 who are passionate about entrepreneurship.

NASME, a national non-profit organization dedicated to representing and supporting nano, micro, small, and medium-sized enterprises (NMSMEs) in Nigeria, is committed to fostering the growth and development of businesses like yours. Established in 1996 as a Business Membership Organization (BMO), NASME has been a driving force behind the success of countless entrepreneurs in the country.

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Here’s your chance to make a mark! Starting from June 1, 2023, NASME is accepting applications for the competition. The deadline to submit your entry is June 2021, 2023, so don’t miss out on this incredible opportunity.

Prizes

The top 10 finalists will receive the following prizes:

• N1,000,000 (One Million Naira)
• Business training and mentorship
• Access to NASME’s network of resources and partners

Eligibility

To be eligible to apply, you must:

• Be a Nigerian citizen between the ages of 15 and 29
• Be the sole owner or majority shareholder of a business that is less than five years old
• Have a business plan that outlines your business goals and strategies
• Be able to demonstrate that your business has the potential to create jobs and contribute to the Nigerian economy

Application Process

To apply for NASME 2023 Youth Empowerment Business Scheme Competition, please submit the following to NASME by June 21, 2023:

• A completed application form
• A copy of your business plan
• A one-page essay on why you are passionate about entrepreneurship and how you plan to use your business to make a positive impact on Nigeria

To apply, please visit the NASME website at www.nasme.org.ng

Now, let’s talk about what it takes to become one of the top ten finalists. To qualify, you must meet the following criteria:

Ten (10) final applicants will be selected based on the following criteria:

1. You must be a young and passionate Nigerian citizen, between the ages of 15 and 29, in alignment with Nigeria’s National Youth Policy 2019-2023.
2. You must currently reside in any of the 36 States or the Federal Capital Territory (FCT) in Nigeria.
3. Your business should offer a unique solution to a problem or present an innovative approach to solving an existing issue. If your venture aligns with the Sustainable Development Goals (SDGs) or addresses a local challenge, it will give you an added advantage.
4. Your business should have progressed beyond the idea stage. It should be either at the proof of concept stage or in the early stages of development, with you working on it full-time.
5. Your business should operate within one of the following sectors: Information and Communication Technology (ICT), Agriculture, Manufacturing, Food & Beverage, Hospitality, Creatives, or Professional Services.
6. Your business should be less than five (5) years old from its date of incorporation.
7. Your business should be for-profit and show potential for scaling and growth.
8. You must fill and submit the online form
9. A copy of your business plan
10. A one-page essay on why you are passionate about entrepreneurship and how you plan to use your business to make a positive impact on Nigeria

Excited yet? Don’t waste any more time. Click the link provided below to register for the competition and secure your chance to win big. We can’t wait to see your business thrive and contribute to the economic growth of Nigeria.

Click HERE to register for the NASME 2023 Youth Empowerment Business Scheme Competition and embark on your entrepreneurial journey with NASME.

NSAME 2023 APPLICATION FORM

FAQs

What is the NASME 2023 Youth Empowerment Business Scheme Competition?

The NASME 2023 Youth Empowerment Business Scheme Competition is an entrepreneurship competition organized by the National Association of Small and Medium Enterprises (NASME). It aims to empower and support young entrepreneurs in Nigeria by providing them with opportunities to showcase their business ideas, receive mentorship, access funding, and gain valuable business skills.

Who can participate in the NASME 2023 Youth Empowerment Business Scheme Competition?

A: The competition is open to young entrepreneurs in Nigeria between the ages of 15 and 29. Participants should have a viable and innovative business idea or an existing business that has been in operation for less than three years.

How can I apply for the NASME 2023 Youth Empowerment Business Scheme Competition?

To apply for the competition, you need to visit the NASME website or their designated platform for the competition. Fill out the application form, providing details about your business idea or existing business. You may also be required to submit additional documents, such as a business plan or financial statements, depending on the competition guidelines.

Is there an application fee for the NASME 2023 Youth Empowerment Business Scheme Competition?

Typically, competition organizers do not charge an application fee. However, it is best to refer to the official competition guidelines or contact NASME directly to confirm whether there is any fee associated with the application.

What are the benefits of participating in the NASME 2023 Youth Empowerment Business Scheme Competition?

Participating in the competition offers several benefits, including:

• Mentorship and guidance from experienced entrepreneurs and industry experts.
• Networking opportunities with potential investors, partners, and fellow entrepreneurs.
• Access to funding and investment opportunities to grow your business.
• Training and capacity-building programs to enhance your business skills.
• Recognition and publicity for your business through media coverage and promotional activities.
• The chance to gain valuable feedback and refine your business model or idea.

What happens after the application process?

After the application process, a panel of judges will evaluate the submissions based on predefined criteria. Shortlisted participants will be notified and may be required to present their business ideas or pitch their existing businesses in front of the judges. The judges will then select the winners based on the overall quality and potential of the ventures.

What prizes or support can winners expect from the NASME 2023 Youth Empowerment Business Scheme Competition?

The specific prizes and support offered to winners may vary from year to year. However, typical rewards include cash prizes, access to funding or investment opportunities, mentorship from industry experts, business development support, and the chance to showcase their businesses to potential investors or partners.

Can I participate in the NASME 2023 Youth Empowerment Business Scheme Competition if I have an existing business?

Yes, the competition welcomes both individuals with innovative business ideas and those with existing businesses that have been operating for less than three years. If you have a business that falls within this timeframe, you are eligible to apply.

Can I submit more than one business idea for the competition?

The competition guidelines may specify whether multiple submissions are allowed or if participants are restricted to submitting only one business idea. It is advisable to refer to the official guidelines or contact NASME directly to clarify any restrictions or requirements regarding the number of submissions.

Is there a deadline for submitting applications to the NASME 2023 Youth Empowerment Business Scheme Competition?

The competition will have a specific deadline for submitting applications, which will be communicated through the official NASME channels, including their website and social media platforms. It is essential to