APPLY: Chair Centre gives 100k seed capital to 100 startup ideas

Nigeria is blessed with great people, highly talented, hard-working and smart people with great business ideas. However, very little has been done to ensure the ideas materialize because of lack of funds. Unfortunately, not been able to do much in this space.

As The Chair Centre Group approaches its 25th Anniversary, its founder, Mrs Ibukun Awosika, seeks meaningful and impactful ways to mark this significant milestone. One of such is to conduct a crowd sourced contest aimed at identifying 100 innovative and viable business ideas.

Entries must be submitted online within the specified timeframe and conform to specified guidelines and terms and conditions of participation clearly outlined on this website.

All entries will be reviewed by the Panel of Judges who consist of carefully selected accomplished professionals from all walks of life.

Shortlisted entries will be invited for interiviews to further review the ideas


At the end of the screening and selection process, 100 best business ideas will receive the sum of 100,000 (One hundred thousand naira only) seed capital. This capital will be routed through First Bank Micro Finance Bank and will be interest free for the 24 month tenure. After the first 6 months, monthly repayments of N5,000=00 only will be expected for 18months until the capital is fully repaid. A good relationship with the Micro Finance Bank will provide a foundation for a long term banking relationship with the Bank and subsequently the parent Bank.

The selected 100 will also enjoy a one-year business mentorship opportunity from great and successful business men and women in the country.

Here is How To Apply

Good Luck!

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