IB To Train 300 People On Entrepreneurship

Must Read

Africa’s biggest grocery retailer, Shoprite exits Nigeria

Shoprite is exiting the continent's most populated country, Nigeria, after 15 years of operation. The retail giant initiated a...

List of Guaranty Trust Bank Sort Codes & Branches (with addresses) in Nigeria

The sort code is a number that usually identifies both the bank and the branch where an account is...

Life Lager Beer Lightens Niger Bridge (Photos)

Following the launch of a new bottle and the ‘Nduka’ campaign, Life Lager Beer has continued to spread its...

The 2019 edition of International Breweries Kickstart, the innovative youth entrepreneurship programme that empowers young people with the financial muscle, training and mentorship to implement different entrepreneurial ventures, has progressed to the next phase known as the Boot Camp. The initiative received over 17, 000 applications across the Country.

Of the lot, 300 successful applicants have emerged based on three criteria namely; feasibility of the business proposal, scalability of the business in its ability to create additional jobs and continuous positive impact in its community.

The Boot Camp which is designed to train shortlisted applicants on profitable business management is a rigorous 3-day capacity-building intervention that will expose the young entrepreneurs to course contents that will aid them in managing their businesses in their respective communities. The 3-day Boot Camp training boasts of a robust curriculum which comprises of courses on introduction to entrepreneurship; business plan development; customer service; leadership and team building; introduction to marketing; business laws & taxation; and business accounting 101 among others. Participants will also receive the enterprise tool kit from the Enterprise Development Centre of Pan Atlantic University.

The training will take place in three designated venues in Lagos, Abuja and Anambra states to aid easy access for youths who applied across Nigeria.

- Advertisement -

According to Otunba Michael Daramola, Legal and Corporate Affairs Director “Worldwide, mentorship, training and start-up capital are three vital pillars of success in business. Over the years, the statistics of business failures have confirmed this to be true. This is the reason we take this phase very seriously and have carefully selected our faculty members who will build the capacity of these young entrepreneurs with the necessary skills and knowledge to make a difference in their businesses and their respective communities by extension” he noted.

Having become a national empowerment programme, this year’s edition received more applications from the agricultural sector closely followed by manufacturing and production. Others are ICT related businesses, crafts, education, circular packaging among others.

Read Also:  International Breweries Plc launches #KickStart2019 to support youth run businesses

In her own words, Country Lead, Sustainability and Stakeholder Management, International Breweries Plc, Temitope Oguntokun said, “We are very happy and satisfied with the turnout for this year’s edition which has gone national. 42% of the applications emerged from South-West while South-South and South-East had 17% and 16% respectively.

The Northern region comprising North-East, North-West and North-Central accounted for 25% of the applications received. As a company, we will continue to support Nigeria’s attainment of the UN Sustainable Development Goals (SDGs), in particular, Goal 8 on Decent Work and Economic Growth. Kickstart was introduced in 2016 to empower young entrepreneurs with the wherewithal to kick-start their business ventures in recognition that the growth of Nigeria increasingly depends on the ability of its enterprising youth population to unlock their entrepreneurial potential” She appended.

- Advertisement -

The Boot Camp training is also designed to give the participants the much needed knowledge on how to further develop their proposed business ideas especially for the participants who require funding for such ideas and gives them the opportunity to participate in the next stage of the initiative known as Pitch Fest wherein participants will defend their business proposals and a final selection of successful beneficiaries who will be awarded grants will emerge.

Read Also:  African-born startup launches education platform that encourages entrepreneurship

To benefit from Kickstart, young people have to apply, stating the nature of their prospective entrepreneurial ventures. The applications are assessed, and the most promising business cases are identified. Thereafter, the beneficiaries go through an intensive training programme at the Bootcamp. Upon completing the training programme, seed capital, up to N3M each, is made available to successful applicants while IB Plc continues to provide guidance and mentorship, helping these young entrepreneurs to establish a strong foothold in the world of business.

- Advertisement -
IB To Train 300 People On Entrepreneurship - Brand SpurIB To Train 300 People On Entrepreneurship - Brand Spur

Subscribe to BrandSpur Ng

Subscribe for latest updates. Signup to best of brands and business news, informed analysis and opinions among others that can propel you, your business or brand to greater heights.


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

IB To Train 300 People On Entrepreneurship - Brand SpurIB To Train 300 People On Entrepreneurship - Brand Spur

Latest News

Equatorial Guinea Hold Discussions with African Energy Chamber and Updates on Energy Developments During Covid-19

JOHANNESBURG, SOUTH AFRICA - EQS Newswire - 4 August 2020 - Last week, the African Energy Chamber held a...

Applications Open for the Asian Fund for Cancer Research’s BRACE Award Venture Competition

First of Its Kind Investment Opportunity for Asia-Based Oncology Technology Start-Ups  HONG KONG, CHINA - Media OutReach - 4 August 2020 - The Asian Fund for Cancer...

Xinyi Glass Announces 2020 Interim Results

Business Remains Resilient Amid Challenging Market Environment Net Profit at HK$1.38 Billion Maintains High Dividend Payout Ratio  Interim Dividend at 17.0 HK Cents per Share Prepares for Industry...

GSB Gold Standard Corporation, Josip Heit and the Blockchain Technology

HAMBURG, GERMANY - NEWSAKTUELL - 3 Aug 2020 - The blockchain technology is one of the most discussed innovations of the digital transformation of economy and society,...

RB Hong Kong Named Among ‘Best Companies to Work for in Asia 2020’ by HR Asia

HONG KONG, CHINA - Media OutReach - 3 August 2020 - RB Hong Kong is crowned the 'Best Companies to Work for in Asia 2020'....
- Advertisement -
BrandsPur Weekly Cartoons
- Advertisement -IB To Train 300 People On Entrepreneurship - Brand SpurIB To Train 300 People On Entrepreneurship - Brand Spur