In today's fast-paced world, our youth's potential is one of our most valuable assets, and the FGN-ALAT Digital Skillnovation Program is committed to nurturing this potential. This initiative, a result of a strategic partnership between Wema Bank and the Federal Government of Nigeria, under the Office of the Vice President, is designed to provide young minds with a diverse skill set tailored to their individual aspirations and the demands of the job market.
The program goes beyond skills acquisition; it's a catalyst for socioeconomic transformation across the nation. By empowering our youth, we are not just shaping individual success stories; we are investing in the broader narrative of national progress. This includes job creation, fostering innovation, and ensuring a prosperous future. With each participant we train, mentor, or support, we are making a deliberate investment in the nation's future, securing Nigeria's place in the global digital economy.
Moreover, this program reflects Wema Bank's commitment to driving positive change and sustainable development in Nigeria. It's a testament to our belief in the boundless potential of Nigerian youth. By creating a platform that seamlessly combines training, mentorship, and practical entrepreneurial experiences, we are paving the way for a future where every young Nigerian has the tools, knowledge, and support to make their mark on the world. This program is not only for young entrepreneurs but also for career-driven professionals, offering tailored pathways to navigate the complexities of the modern, digital-oriented workplace with confidence and competence.
At its core, the FGN-ALAT Digital Skillnovation Program is more than just a training initiative – it's a comprehensive ecosystem designed to foster innovation, growth, and success, shaping the next generation of Nigerian entrepreneurs and professionals.
Benefits:
1. Training: Guiding Growth Through Shared Knowledge and Experience
Our comprehensive curriculum combines theory with hands-on learning. It's a platform where you can explore, learn, and practice.
2. Business Incubation: Fostering Startups for Success
Step into our innovation hub and witness groundbreaking ideas turning into viable businesses. We provide tailored solutions to address the specific challenges and goals of each startup. Our focus is on sustainable growth.
3. Mentorship: Growing and Developing Skills with the Best
Our mentors will guide you on your journey to success. With an innovation hub as your playground, you will turn your ideas into viable businesses.
4. Access to Market: Connecting Products, Expanding Reach
In addition to training, we help you expand your market and connect with potential customers.
5. Grants: Funding for Innovative Ideas
We understand that startups and SMEs often face financial constraints. That's why we offer grants that go beyond financial support. These grants are a vote of confidence in your entrepreneurial spirit, allowing you to focus on innovation, scaling, and making a meaningful impact in your sector.
You may also want to view, "A Call for Application: Because Accelerator 2024 (free entrepreneur accelerator program)"
Eligibility Criteria for Angel Investment and VC Funding:
- Business Type: Open to technology-enabled businesses across various sectors, with priority given to agriculture, retail, housing and property, clean solutions, transportation and logistics, data and infrastructure, privacy and security, and energy innovation.
- Business Stage: Consideration for businesses at the seed stage and early stage.
- Geographic Market: Nigeria.
- Maximum Ticket Size per Business: $100,000.
- Maximum Valuation: $2 million post-investment valuation cap.
- Venture Scalability and Team: We seek businesses with a scalable solution and a team that shows strong potential, commitment, and dedication.
- Ethical and Legal Stance: Businesses should adhere to ethical standards and have no legal constraints or controversies.
Eligibility Criteria for Grants:
- Sector Focus: Open to tech-enabled businesses in any sector, with priority sectors being agriculture, retail, housing and property, clean solutions, transportation and logistics, data and infrastructure, privacy and security, and energy innovation.
- Grant Amount: Applicants can receive grants of up to N500,000.
- Development Stage: Businesses should be in their early stages, showing promise for scalability and impact.
- Operational Markets: The business must be operational in Nigeria, targeting the Nigerian market.
- Team Assessment: A strong, committed team is essential, showing the potential to execute the business idea effectively.
- Ethical and Legal Standards: Businesses must adhere to high ethical standards and comply with relevant legal regulations.
Eligibility Criteria for Loans:
- Sector Focus: Open to tech-enabled businesses in trade and commerce, healthcare, education, agriculture, and clean energy.
- Loan Requirement: Applicants can access loans of up to N5 million.
- Business Stage: Businesses should be in their early to mid-stage, demonstrating some track record and potential for growth.
- Operational Markets: The business must be based in or primarily serve the Nigerian market.
- Repayment Capacity: Evidence of a stable revenue stream or a solid business plan projecting the ability to repay the loan within the stipulated time.
- Credit History: A satisfactory credit history or, for newer businesses, a personal credit check of the founders may be required.
- Collateral or Guarantees: Depending on the loan size and terms, some form of collateral or personal guarantees might be required.
- Ethical and Legal Standards: Businesses must operate with integrity, adhering to the relevant laws and regulations of their industry and region.
You may also want to view, "A Call for Application: AIMS African Masters of Machine Intelligence (AMMI) Program 2023/2024"
Participants who meet these criteria stand a higher chance of being connected to these opportunities, although a transparent and competitive process will determine the beneficiaries.
Here's a revised version of the provided text:
"In today's rapidly evolving world, the potential of our youth stands as one of our greatest assets, and nurturing this potential lies at the core of the FGN-ALAT Digital Skillnovation Program. This comprehensive initiative, born from a strategic partnership between Wema Bank and the Federal Government of Nigeria, under the Office of the Vice President, is dedicated to equipping young minds with a versatile set of skills tailored to their unique aspirations and the realities of the job market.
More than just imparting skills, the program is poised to create a ripple effect of socioeconomic benefits across the nation. By empowering our youth, we are not only cultivating individual success stories but also investing in the broader narrative of national progress. This includes promoting job creation, fostering innovation, and paving the way for a more prosperous future. With every participant we train, mentor, or incubate, we make a deliberate investment in the nation's future, ensuring Nigeria's prominence in the global digital economy.
Furthermore, this program underscores Wema Bank's unwavering commitment to driving positive change and sustainable development in Nigeria. It is a testament to our belief in the limitless potential of Nigerian youth. By offering a platform that seamlessly integrates training, mentorship, and practical entrepreneurial experiences, we are building bridges to a future where every young Nigerian possesses the tools, knowledge, and support to make their mark on the world. This program caters not only to young entrepreneurs but also to career-driven professionals, providing tailored pathways to navigate the complexities of the modern, digital-oriented workplace with confidence and competence.
At its core, the FGN-ALAT Digital Skillnovation Program is more than just a training initiative – it is a comprehensive ecosystem designed to foster innovation, growth, and success, shaping the next generation of Nigerian entrepreneurs and professionals.
Benefits:
1. Training: Guiding Growth Through Shared Knowledge and Experience
Our extensive curriculum combines theoretical learning with hands-on experience. It is a platform for exploration, learning, and practical application.
2. Business Incubation: Fostering Startups for Success
Enter our innovation hub and witness groundbreaking ideas transforming into viable businesses. We offer tailored solutions that address the unique challenges and goals of each startup, with a focus on sustainable growth.
3. Mentorship: Growing and Developing Skills with the Best
Our mentors are here to guide you on your path to success. In an innovation hub filled with possibilities, your ideas will evolve into viable businesses.
4. Access to Market: Connecting Products, Expanding Reach
In addition to training, we help you expand your market and connect with potential customers.
5. Grants: Funding for Innovative Ideas
We recognize the financial constraints that startups and SMEs often face. That's why we offer grants that go beyond financial support. These grants are a vote of confidence in your entrepreneurial spirit, allowing you to focus on innovation, scaling, and making a meaningful impact in your sector.
Eligibility Criteria for Angel Investment and VC Funding:
- Business Type: We welcome technology-enabled businesses from various sectors, with priority given to agriculture, retail, housing and property, clean solutions, transportation and logistics, data and infrastructure, privacy and security, and energy innovation.
- Business Stage: We consider businesses at the seed stage and early stage.
- Geographic Market: Nigeria.
- Maximum Ticket Size per Business: $100,000.
- Maximum Valuation: A post-investment valuation cap of $2 million.
- Venture Scalability and Team: We seek businesses with scalable solutions and teams that demonstrate strong potential, commitment, and dedication.
- Ethical and Legal Stance: Businesses should align with ethical standards and have no legal constraints or controversies.
Eligibility Criteria for Grants:
- Sector Focus: Open to tech-enabled businesses in any sector, with priority sectors being agriculture, retail, housing and property, clean solutions, transportation and logistics, data and infrastructure, privacy and security, and energy innovation.
- Grant Amount: Applicants can receive grants of up to N500,000.
- Development Stage: Businesses should be in their early stages, showing promise for scalability and impact.
- Operational Markets: The business must be operational in Nigeria, targeting the Nigerian market.
- Team Assessment: A strong, committed team is essential, showing the potential to execute the business idea effectively.
- Ethical and Legal Standards: Businesses must adhere to high ethical standards and comply with relevant legal regulations.
Eligibility Criteria for Loans:
- Sector Focus: Open to tech-enabled businesses in trade and commerce, healthcare, education, agriculture, and clean energy.
- Loan Requirement: Applicants can access loans of up to N5 million.
- Business Stage: Businesses should be in their early to mid-stage, demonstrating some track record and potential for growth.
- Operational Markets: The business must be based in or primarily serve the Nigerian market.
- Repayment Capacity: Evidence of a stable revenue stream or a solid business plan projecting the ability to repay the loan within the stipulated time.
- Credit History: A satisfactory credit history or, for newer businesses, a personal credit check of the founders may be required.
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