YOUTH INNOVATION FUND

OVERVIEW

The Youth Innovation Fund (YIF) is SME.NG’s initiative to combat the persistence youth unemployment in Nigeria. It is aimed at increasing and motivating youth entrepreneurs as well as creating a platform for access to funds for youths with innovative business ideas in Nigeria. A database of young aspiring entrepreneurs between the ages of 18 and 30 years is being put up for this purpose.

OBJECTIVES

COMPONENTS OF YOUTH INNOVATION FUNDS

SOURCING

Young entrepreneurs will be sought. Male and female youth entrepreneurs between the ages of 18 and 35 are eligible to register. Applicants will be screened, with start-ups and early-stage businesses given priority.

ACCELERATOR

The Accelerator program focuses on providing entrepreneurs with the skills needed to start and run a business, such as sales and marketing,communications, finance, and even some technical skills.

FUNDING

Entrepreneurs who complete the accelerator successfully will be eligible for funding. They will, however, be required to create an organization business plan, a year’s work plan and budget, and an organization profile.


OTHER INTERVENTIONS