Access bank is giving five million naira grant to African businesswomen. This is as part of its promise to continuously provide financial and business skills to female entrepreneurs, leading retail bank in Nigeria, Access Bank Plc has unveiled the second edition of its Womenpreneur Pitch-a-ton Programme.
The Womenpreneur Pitch-a-ton Africa 2020 Campaign is designed to provide female owned businesses across Africa an opportunity to access to finance and world-class business trainings as well as mentoring opportunities. This Programme has been designed to create an enabling environment for female entrepreneurs to grow their businesses.
The application starts on the 22nd of June and ends on the 14th of August 2020. Women above 18yrs old who are resident in Nigeria, Ghana, Rwanda, Zambia, with extension to Sierra Leone, Gambia, & Congo and own and manage their own business in the above countries are eligible to apply.
Joint businesses can also apply if a woman owns at least 50% of the business and manages the business, also if selected, she will attend the mini MBA series.
Speaking at the launch of the second edition of this initiative, Ayona Trimnell, Group Head W Initiative, said, “Access Bank has been a leading advocate for women’s economic empowerment in Nigeria and this is the key motivation for the ‘W’ Initiative which caters to the women economy particularly in the areas of capacity building and creating networking opportunities for women”. She further stated that the Pitch-a-ton is an expansion of the Womenpreneur Business Workshop, under the Bank’s women proposition, the W Initiative.
“We launched the Pitch-a-ton initiative last year in line with our value proposition as the No. 1 Bank of Choice for women in Nigeria, and we got a tremendous amount of applications with innovative business ideas. This year we want to do more and we want to reach out to more female entrepreneurs not just in Nigeria but across Africa. “As a responsible financial institution with huge presence in other African countries, we want to give the same opportunity to other female entrepreneurs in Ghana, Rwanda and Zambia as well as Sierra Leone, Gambia, & Congo to apply and participate in this year’s edition of the Programme.
The Womenpreneur Pitch-a-ton Africa 2020 will provide up to N9 million financial grants and a unique capacity building program aimed at empowering women entrepreneurs. The Programme is designed as a 3-month period incorporating pitching sessions and 8 weeks of mini-MBA training in collaboration with the IFC. Interested persons from Nigeria, Ghana, Zambia and Rwanda as well as with extension to Sierra Leone, Gambia, & Congo who meet the criteria are required to fill an online application. The five hundred candidates selected from this pool will then send in a sixty seconds video pitch which will be screened by a credible panel of business experts to select fifty finalists.
As part of the graduation requirements, the fifty finalists will pitch their businesses, infusing learning from the mini-MBA and will stand an opportunity to win financial grants up to N5 million.
As a leading commercial bank in Nigeria, Access Bank has made significant investments aimed at enhancing growth in the Small and Medium-size Enterprise sector. The Bank is also a major advocate for women in business through innovative offerings like the W Power Loan, a discounted financing at 15% interest per annum, for women to grow their business as well as other Business Support Services.
The Womenpreneur Pitch-a-ton is the first women-in-business support initiative of its kind in the industry.
Prizes to be won include a first prize of N5 million naira/local currency equivalent of winners’ country. Second prize is N2 million naira/ local currency equivalent of winners’
Country. Third prize is N1 million naira/ local currency equivalent of winners’ country. Fourth Prize is N750,000/ local currency equivalent of winners’ country. Fifth Prize is N500,000/ local currency equivalent of winners’ country.
The application process
- Fill out the online application HERE
• Fill out your personal and business details correctly
• Fill out a brief description of your business.
• Complete your registration and await the invitation to upload your video (only successful applicants will be invited to upload their videos)
- Your business in 60 seconds
• Tell us about your business in 60 seconds.
• Create a 60-second video with clear audio about your business using a video camera or a phone. Click the upload button afterwards to upload your pitch video. The video should not be more than 1MB.
- You may be one of the top 50 applicants to be invited to the mini MBA from the International Finance Corporation. The training will take place Online and will last for 8 weeks.
The following are ineligible to apply; not for profit organizations, Employees, contractors, officers, directors or agent of any of the following: Access Bank Plc, or any parent, subsidiary, affiliated or related entity. Any person or entity involved in the development, production, distribution, or other exploitation of the Programme. Any known major sponsor of the Programme or its advertising agency and any person or entity supplying services or prizes to the Programme.