Business plan

Nigerian Universities Business Plan Competition is turned into a reality series, to be held in Ibadan this weekend

The final of the Nigerian Universities Business Plan Competition (NUBPC) has been announced for this weekend (18-20 November) in Ibadan. Since its first edition in 2015, the competition has grown into a competition specifically designed to help discover, nature and nurture aspiring entrepreneurs within the Nigerian university system.

According to Farmolex Integrated Consult, one of the leading Nigerian consultancies in higher education responsible for the competition which for 2022 has been transformed into a physical event having held the previous editions online, the NUBPC platform offers talented young students the opportunity to hone their entrepreneurial skills, receive mentorship, work on real business projects, and also gain valuable management and leadership skills, making them better prepared for employment, graduate school, or a career. foray into the business world.

Olakunle Fakiyesi, the organizer and CEO of Famolex Integrated Consult, speaking to reporters at the official unveiling of the 2022 edition of the competition, explained that, “The 2022 edition started with 32 teams from various universities across the Nigeria. Through a competitive process including elevator pitches and a robust online business simulation, the remaining seven teams will converge in Ibadan for the Grand Finals, a live event where they will pitch their ideas in front of a panel of seasoned judges to have a chance to win varying amounts. cash prizes and other awards. The 2022 edition of the competition also coincides with Global Entrepreneurship Week.

“This year’s edition features teams with a wide range of tech-driven business ideas across healthcare, mobility, agriculture, real estate, finance and clothing. We expect a hotly contested and hard-fought 2022 edition, as each team worked very hard to earn their place in the final.

Speaking in more detail about how the competition has helped graduates excel in life after school, he said, “Former participants have used their experience at NUBPC to start their own business or do the transition to paid employment. The organization continues to provide valuable mentorship in the areas of access to business capital, business advice, product launch and employment support.