This seems to be a good sign for entrepreneurs because almost every now and then, there’s an opportunity to better their trade. And I want to believe the supposed acronym of P.O.O.R which is ‘Passing Over Opportunities Regularly’ won’t get to the nation’s entrepreneurs.
The participating entrepreneurs of the Aso Villa Demo Day (AVDD) will have a lot to cheer about seeing that the World Bank has endorsed ₦756.3million for disbursement to them. The entrepreneurs that participated in the AVDD are 81 in number. The endorsement from the World Bank came through the organization’s Growth and Employment (GEM) project. Nigeria benefiting from this program is a thing of elation.
Aso Villa Demo Day (AVDD) is an initiative of the Presidency and was targeted at having the best Nigerians in innovation, technology and creativity celebrated. AVDD is an act of goodwill from the Presidency and to show support to the entrepreneurs of our age.
AVDD was held in partnership with the World Bank’s Growth and Employment (GEM) project. It consisted of participants from across Nigeria and there was screening at AVDD’s regional pitch screening centers in Lagos, Abuja and Port-Harcourt. The participants were invited to the screening events and were asked to present their business plans at the location. The participants were 289 in number.
Of all the 289 participants screened, 81 entrepreneurs were selected from different states all over the nation which includes : Akwa Ibom, Anambra, Bauchi, Cross River, Delta, FCT, Kaduna, Kwara, Lagos, Nasarawa, Osun, Oyo, Plateau and Rivers states.
According to the World Bank, the GEM programme “is to further support the presidency’s drive to celebrate and empower the most promising and highly scalable indigenous technology start-ups who are providing innovative solutions to local challenges in Nigeria.”
The 81 entrepreneurs will receive the money in two portions following the project’s conditions been met.
Last year, AVDD was held with about thirty (30) startups. The 30 participants were chosen in order to pitch right in front of the President of Nigeria, President Muhammadu Buhari at Abuja. Three startups which included: Recycle Points; Shuttlers; and Tracology were awarded ₦3 million to improve their businesses.