The FATE Foundation initiative sponsored by Facebook is calling for application for its Aspiring Entrepreneurs Programme 2020. This is for startup founders across Nigeria aged 25 – 40 with the need for support on how to grow sustainable and digitally-enabled businesses.
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Background
In the last 2 years, the Facebook sponsored “Aspiring Entrepreneurs: Digital Programme” organized by FATE Foundation was held across several Nigerian cities. It recorded great impact and engagements across all programs and reached 640 StartUps providing their Founders with relevant knowledge, tools, and skills to grow sustainable and digitally-enabled businesses.
Following the impact of the COVID-19 Pandemic across the world and with attendant limitations on movements and in-person interactions, the program has been redesigned to provide support to startup founders across Nigeria who need as much support as they can get to sustain their innovative business ideas, generate revenue and create jobs. The program and curriculum will focus strongly on business model pivot, digital strategy enablement, and financial literacy particularly cash flow management.
FATE Foundation believes that this knowledge and skills are essential for times like this and will enable the selected entrepreneurs to build their resiliency and competitive advantage during and after this crisis period.
With Facebook providing the grant support to cover all tuition and program needs for selected entrepreneurs, this edition is free.
Aspiring Entrepreneurs Programme 2020 Eligibility Criteria
To qualify, entrepreneurs must be graduates with startups that have already launched. Be computer literate. Aged 25-40 years and have access to a digitally enabled device.
Then, you will be required to upload relevant documents as indicated with detailed information about you and your business as the case might be.
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Structure and Curriculum
With the existence of the novel COVID-19 pandemic, a lot of businesses have come perilously close to quitting while many others have abandoned their original ideas and/or had to pivot drastically. The AEP Digital (Virtual Edition) curriculum has been designed to provide insight to aspiring and budding entrepreneurs to see diverse market potentials; understand how to create a structured business model and learn how to use digital strategy to grow their businesses. The curriculum is themed “Building a Digitally Enabled Startup in the COVID-19 Pandemic” and will also enable the entrepreneurs to implement strategies that will ensure online visibility using different digital tools and strategies.
The sessions will be facilitated by various industry leaders and professionals across the entrepreneurship ecosystem. They will be using a pedagogy approach to build networks amongst the entrepreneurs and encourage group/teamwork for better learning. The robust learning structure is a combination of virtual interactive class sessions, workshops, case studies, entrepreneurship book reviews, plenary sessions, masterclasses, and group activities.
Aspiring Entrepreneurs Programme 2020 Benefits
The key benefits and learning outcomes includes;
- Business Model Strategies & Pivot
- Digital Marketing Strategies & Enablement
- Financial Literacy and Cashflow Management
- Financing Strategies
- Access to Free Digital Tools and Platforms
- Data Support to enable participation in the program
- Facebook Ad Credits for Winners of In Program and Pitch Competitions
- Access to FATE Foundation’s Business Advisory and Support Services
In addition, the virtual learning sessions per program stream will run for a period of six (6) weeks.
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The deadline for registration for the Aspiring Entrepreneurs Programme is February 7, 2021. If you are an entrepreneur, this is an opportunity for you. You can learn more, look up your state timeline and apply using this link; www.fatefoundation.org/aepdigital
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