Deadline: 28-Feb-21
The Union Bank is hosting the fourth edition of the Innovation Challenge, UnionX, themed A New Discovery. 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.
The 2021 UnionX Challenge aims to discover innovative digital solutions in a fast-changing global environment. Entrants are to submit a creative and innovative MVP, with a digital focus, addressing a pain point in sectors that include but are not limited to Financial Technology, E-Commerce, Health, Education and Agriculture.
Prizes & Incubation
- 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.
Eligibility Criteria
- 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.
For more information, visit https://www.unionbankng.com/unionx-innovation-challenge/#faqs-1