DIGITAL ENTREPRENEURSHIP
COMPETITION
Digital Drivers in West Africa: Focus on Nigeria Apply Now
DIGITAL ENTREPRENEURSHIP
COMPETITION
Digital Drivers in West Africa: Focus on Nigeria Apply Now
DIGITAL ENTREPRENEURSHIP
COMPETITION
Digital Drivers in West Africa: Focus on Nigeria Apply Now
DIGITAL ENTREPRENEURSHIP
COMPETITION
Digital Drivers in West Africa: Focus on Nigeria Apply Now
DIGITAL ENTREPRENEURSHIP
COMPETITION
Digital Drivers in West Africa: Focus on Nigeria Apply Now
DIGITAL ENTREPRENEURSHIP
COMPETITION
Digital Drivers in West Africa: Focus on Nigeria Apply Now

As part of the 2020 Digital Economy Conference, the U.S. Chamber of Commerce’s U.S.-Africa Business Center (USAfBC) and the American Business Council Nigeria (ABC Nigeria), are hosting a Digital Entrepreneurship Competition.

The Competition will award innovators for developing solutions through digital products and services while creating a positive impact on the Nigerian citizens during the onset of COVID19. A Digital Innovation Award of $25,000 to be allocated in cash and in-kind will be distributed among the top three winners. The Award is sponsored by Zenith Bank and other companies supporting the event.

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Eligibility

The Digital Entrepreneurship Competition is open to entrepreneurs, startups, and independent innovators who have turned ideas into digital innovation to improve living conditions forNigerians amid the pandemic.

To be eligible, an applicant (or their startup) must:

Be a startup or innovator with at least 51% Nigerian ownership

Must be incorporated /registered with the Nigerian Corporate Affairs Commission (CAC)

Not be a government agency, public administration, political organization, or non-profit of any type

Have at least one physical or business location within Nigeria

Not older than five (5) years and not be part of a franchise brand or licensing agreements for distribution in a different country

Not be a Business engaged in any illegal activity and not listed on the U.S. Department of the Treasury’s Sanctions List.

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Application Process

The application for the Digital Entrepreneurship Competition can be accessed at www.amchamdigitalcompetition.org. Applications are due on November 12th at 11:59 pm (Nigeria time) . Questions regarding the competition must be submitted via email to info@amchamdigitalcompetition.org. Questions and answers will be posted to the website for all potential applicants.

Each applicant will need to fill out the online application form and upload or send a two-minute video pitch of their product/innovation on the website www.amchamdigitalcompetition.org or by email at info@amchamdigitalcompetition.org. The following questions will be required in the application:

In addition, applicants will be asked the following narrative questions about their startup:

The two-minute pitch should address the following:

01
Value proposition/Problem – What
problem are you solving?

Provide a brief story about the issue being considered by your innovation.

02
Solution – What is the solution to
the problem?

Explain how your product/service works and how it is unique. Show a picture or video of the prototype or demonstration.

03
Market, Growth, and Revenue Model

How big is your market? Who are the customers? What is the plan to scale the startup? How do you sustain the business / How is revenue generated? Has the innovation/product been tested? What volume on sales are you generating?

04
Areas of Interest

Applicant will need to demonstrate critical challenges resolved through digitally enabled innovation solutions in the areas of healthcare, education, Agribusiness, financial services (fintech), or supply chain & logistics.

Applications will be valid and examined only if the form is fully completed and the video is submitted online by the above due date.

Each Applicant will certify that the responses to the questions are truthful to the best of their knowledge and that they are prepared to provide supporting documents.

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Selection Process

The top ten candidates will be pre-selected and notified on November 16, 2020. The top ten finalists will be invited on November 18, 2020 for an interview with a panel of judges, where they will be required to make a presentation based on the two-minutes video pitch submitted. The presentation will be followed by a series of questions from the panel of judges. An evaluation criterion will be used to rank the candidates (see section 6 below). The top ten candidates must also submit an executive summary (3-5 pages maximum) of their innovation on November 18, 2020.

The top three finalists will be notified on November 27, 2020 and the two-minute video pitch of their product/innovation will be featured at the U.S.-Nigeria Digital Economy Conference on December 3, 2020, where . the first, second and third place winners will also be announced.

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Prize Structure

The Digital Entrepreneurship Competition will award a total prize valued of $25,000 for which startups will have an opportunity to apply. The prize breakdown is $10,000 in cash prizes and $15,000 worth of in-kind services to be provided to the top three winners. The in-kind services may include mentoring and digital marketing/advertising services for the top three winners of the competition.

WhatsApp Image 2020-10-19 at 19.24.32
First Prize
First Prize

Total package of

$ 12,500

including $5,500 in prize money

Apply Now
Second Prize
Second Prize

Total package of

$ 7,500

including $3,000 in prize money

Apply Now
Third Prize
Third Prize

Total package of

$ 5,500

including $1,500 in prize money

Apply Now

The top three winners will be offered a virtual platform to engage with mentors and participants during the Digital Economy Conference on December 03, 2020.

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Evaluation Criteria

Each applicant will be evaluated by a panel of judges based on the pertinence of the idea being resolved, the quality of the innovation/service response, the business model, its scalability, the size of the market, and the clarity and persuasiveness of the two-minute video pitch. The winners of the competition will be determined by the judges’ ranking of the applicants based on a set of pre-determined criteria:

View Criteria
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General Rules & Disclaimer

    • All applications must be submitted online and completed by 12th November 11:59pm. The top three finalists’ supplementary narrative must be submitted within three days of finalist notification.
    • Only those applications submitted on time through the online application processes will be accepted. Applications received by any other means will not be considered.
    • Applicants are responsible for ensuring proper contact information has been submitted and is maintained throughout the Digital Entrepreneurship Competition Process to allow communications about the Digital Innovation Award.
    • Erroneous or false information provided in the application will result in immediate disqualification of the Applicant. ABC & USAfBC otherwise retain the right to disqualify any Applicant in their sole discretion.
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Important dates

October 16, 2020

Launch of the Digital Entrepreneurship Competition

November 12, 2020

Applications due by 11:59 pm (Nigeria Time). Late applications may be accepted at the discretion of the ABC & USAfBC.

November 16, 2020

Selection and notification of the top ten finalists.

November 18, 2020

Executive summaries due for top ten finalists. Documents should be submitted in a word or PDF format and emailed to info@amchamdigitalcompetition.org by 5:00 pm (Nigeria time).

November 23-25, 2020

Interview of top ten finalists.

November 27, 2020

Selection and notification of the top 3 finalists.

December 3, 2020

Announcement of first, second and third place winners live at the U.S.-Nigeria Digital Economy Conference.

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