A call for ideas
We invite individuals and groups (of not more than 3 persons) to submit ideas of applications, technologies, tools, services or any other kind of digital innovation. We're particularly keen to hear great ideas for addressing the Sustainable Development Goals in entrepreneurial ways. These ideas could be related but not limited to financial inclusion, agriculture and education.
Ideas may be totally brand new or extensions of existing products and services. We are open to all ideas as long as they are innovative, solve a clear problem and contribute to addressing the Sustainable Development Goals (SDGs).
The three best ideas submitted will be shortlisted by a panel of experts for prototype development during the incubation process from June to November 2020.
Idea Sprint Workshops
Interested applicants are invited to attend one of six idea sprint' workshops to be held in 6 cities across the 6 geopolitical zones and Abuja between 25 April and 9 May.
These workshops, facilitated by CcHUB will ensure individuals & startups understand the purpose of the challenge and are able to submit applications that are fit for purpose. These refined ideas will be entered into the innovation challenge.
Union Bank staff will be available at the workshops to share more information about the resources that the idea owners can leverage from their organisation's assets.
The workshops will discuss the following:
- Themes and innovation options - mobile apps, small business ideas etc.
- Specific ideas and applications that can be tested and implemented during Incubation
- Specific Sustainable Development Goals that could benefit from innovation e.g. financial inclusion, education sector, teachers, farmers, agriculture etc.
- Tips for social innovators and key learnings regarding how to start and scale a business
The following are the dates / locations where the sessions will be taking place across the country.
Tues, April 25 Lagos 1pm - 4pm
Union Bank, Oba Akran Training School- Plot 16, Oba Akran Avenue, Ikeja.
Thur, April 27 Osun 1pm - 4pm
Union Bank, Osogbo Branch- 2/4 Obafemi Awolowo, Gbongan/Ibadan Road Osogbo.
Sat, April 29 Enugu 11am - 2pm
Union Bank, Garden Avenue Branch - 3 Garden Avenue, Enugu.
Tues, May 2 Port Harcourt 1pm - 4pm
Visa Karena 3D Wonodi street, Off Olu Obasanjo road, GRA Phase III. Port Harcourt.
Sat, May 6 Kaduna 11am - 2pm
Union Bank, Yakubu Gowon Branch Yakubu Gowon Way Opposite CBN, Kaduna.
Tues, May 9 Abuja 12pm - 3pm
Ibeto Hotel Ltd, David Ejoor Crescent, Apo Gudu District, Abuja.
The call for entries closes on 19 May 2020. All entries will then be judged and 10 semi-finalists will be shortlisted.
The semi-finalists will be coached by CcHUB to:
- Build basic prototypes of the proposed ideas.
- Develop a plan for how the product will be launched to acquire its first 10,000 users.
- Develop a plan for how the venture will generate revenue to become self-sustaining
- Develop and deliver compelling business pitches.
Semi-finalists will pitch their solutions to a panel of judges, select press and the public in June 2020.
A judging panel - comprised of Union Bank and CcHUB executives - will select the top ideas based on their capacity to address the problems that have been identified, their potential impact and the probability of their implementation.
Shortlisted ventures based in Lagos will pitch physically at the day-long event while ideas from the other markets will pitch virtually at connected events on the same day at the designated local Union Bank branches. All pitches will take place on 27 June, 2020.
On the same day, the judges will announce the top 3 ideas. The three winners will then advance to the incubation programme where they will be supported to bring the ideas to life.
For more information, do make sure to check out the FAQs