Union Bank of Nigeria, beneath its Made In Naija initiative, emphasised its dedication to supporting homegrown companies by just lately sponsoring the RISE Enterprise Problem on the University of Lagos, Akoka, through the sixth Annual Youth Management Convention.
Dubbed Turning Level 6.0, the Resilience, Innovation, Social Duty, and Entrepreneurship (RISE) Problem is a collaboration between Union {Bank} and the convention convener, Mr Olusegun Odufuwa, to empower youth-led companies with {financial} and mentorship help by means of a pitch competitors.
Focused at uplifting younger women and men with requisite entrepreneurial abilities, the occasion aligns with one of many {Bank}’s major targets of encouraging Made In Naija and the following era of Nigerian innovators and enterprise leaders, culminating in constructive social affect and sustainable {economic} development.
The competitors additionally goals to determine and reward excellent enterprise concepts demonstrating viability, sustainability, and social affect.
This 12 months’s RISE Problem winners had been chosen after a rigorous choice course of involving individuals sending their proposals for a staff of judges and enterprise consultants to evaluate. The ultimate 4 chosen rivals then pitched their concepts individually to a panel of judges, who selected the winners primarily based on innovation, social affect, sustainability, and {financial} viability.
The primary, second and third locations obtained money prizes of N1,000,000, N750,000, and N250,000, respectively.
Throughout the occasion, Ayokunumi Abraham, Head SME of Union Bank of Nigeria, stated, “Union {Bank} is obsessed with supporting Made In Naija and youth-led companies to scale for sustainable development. We imagine this is not going to solely enhance and nurture upcoming enterprises but additionally create a constructive ripple impact that may drive employment, innovation, {economic} alternative, and entry that may empower small and medium companies throughout the size and breadth of the nation.”
The RISE convention is a premier annual gathering designed to equip younger leaders and entrepreneurs with the resilience, innovation, and social duty required to thrive in right this moment’s fast-paced world. This 12 months’s version attracted numerous attendees, together with younger professionals, entrepreneurs, enterprise executives, policymakers, and thought leaders.
Union {Bank} will proceed to advertise Made In Naija and younger innovators to drive {economic} development and strengthen its place as a number one {bank} for entrepreneurs.
About Union {Bank} Plc:
Established in 1917 and listed on the Nigerian Inventory Trade in 1971, Union Bank of Nigeria Plc. is a family title and one in all Nigeria’s long-standing and most revered {financial} establishments. The {Bank} is a trusted and recognizable model with an in depth community of over 300 branches throughout Nigeria. The {Bank} at the moment presents a wide range of banking companies to each particular person and company shoppers, together with present, financial savings, and deposit account companies, funds switch, international foreign money domiciliary, loans, overdrafts, gear leasing, and commerce finance. The {Bank} additionally presents clients handy digital banking channels and merchandise, together with On-line Banking, Cellular Banking, Debit Playing cards, ATMs, and POS Programs.
