change100challenge

Eligibility and Guidelines

"Change for 100" Competition

Eligibility

  • You must be an entrepreneur who will be starting a new business or expanding an old business with the aim of positively affecting your community. “Entrepreneur” refers to an individual or a team that is starting or expanding a business.
  • You must be between the ages of 16 and 30 at the time of entry into the competition.
  • For now, this competition is open to people who live in the following cities: Ibadan and immediate environs.
  • You must be available to present your proposal before a panel of judges at Suite 16c, Students Union Building, University of Ibadan sometime during the second week of March (specific dates will be communicated to eligible applicants).

Rules

  • Your plan must involve using your business to impact your community.
  • Individuals or groups may submit a business proposal, but only one proposal entry is allowed.
  • If your business proposal is submitted by a team, the Grand Prize will be awarded to the team as a whole.

Prizes
Five selected entrepreneurs will be awarded the following Grand Prize:

  • An investment of $100 in your new or previously existing business.
  • Personal mentoring by an assigned mentors to help you execute your idea for change.
  • A packet of books and resources on entrepreneurship, leadership, and social change.
  • Free promotion of your business through our utilized media avenues.
  • Opportunity for sponsorship to national, regional, and/or international training events and conferences.**

Submission Guidelines
Entry into Change for 100 Challenge is by proposal submission and oral presentation.

Submit a business proposal using the following format (click below):
Change for 100 Business Proposal

Note: Business Proposal templates are also available for pick-up at the office of The F.A.I.T.H. Initiative

All submissions will be screened by our judges and selected candidates will be invited to present their proposals orally before a panel of judges within the first two weeks in March (This blog will be updated once the exact dates are determined).

Five finalists will be selected based on the combined strength of their written proposals and oral presentations.

Important Dates
Registration and Proposal Submission Opens: 7th February, 2011

Press Conference and Competition Briefing: 18th February, 2011 at  Suite 16c, Students Union Building, University of Ibadan

Submission of Written Proposals Closes: 4th March, 2011

*You will receive the Naira equivalent of $100 based on currency exchange rate at the time the prize is awarded. The $100 will be an investment in your business. You will be expected to actually carry out your idea.

** Sponsorship will be based on additional selection criteria such as sustained leadership in your community, performance, and availability.

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