In celebration of 100 years of operation, Union Bank is running a Centenary Innovation Challenge to unearth and support good ideas for addressing critical social and business challenges in Nigeria in entrepreneurial ways.
The innovation challenge will engage eligible young and talented people across Nigeria to submit novel ideas to specific problem areas or thematic issues of interest to Union Bank.
Applicants are encouraged to propose innovative ideas that solve fundamental social and commercial challenges faced by Nigerians in a range of sectors starting in one community but potentially scalable across the nation.
You can submit ideas on technologies, tools, services or other kinds of digital innovation. Ideas for addressing the Sustainable Development Goals (SDGs) in entrepreneurial ways are also welcomed. Ideas related but not limited to financial inclusion, agriculture and education etc. which may be totally brand new or extensions of existing products and services can also be submitted.
The top 3 selected ideas will attract immediate cash prizes and further incubation support from Co-Creation Hub (CcHUB) and full engagement with Union Bank.
The challenge is open to individuals and partnerships (of not more than 3 persons) from university students, software developers, academics and entrepreneurs in Nigeria.
Applications close on 19 May 2017. The winners will be announced on 27th June 2017 and incubated till 15th December 2017.