Unity Bank Plc has announced the third edition of its Entrepreneurship Development Initiative (Corpreneurship Challenge) for the National Youth Service Corps (NYSC) 2020 Batch B, Stream 1B for corps members.
The Divisional Head, Retail, SME & E-Business of the Bank, Mr. Olufunwa Akinmade, said the Corpreneurship challenge was launched in 2019 as a value addition to the youth market.
“Over the period, 24 corps members have benefited from the programme and have been empowered with N200, 000 to N500,000 grants to start and grow their businesses.”
The challenge, done in collaboration with the Skill Acquisition Entrepreneur Development (SAED) of the NYSC, features a mentorship programme in which participants develop business plans to make a sales pitch that could earn them matching grants.
Corps members with outstanding business ideas could get up to N12 million grants to pursue their ideas.
The bank said the pilot scheme is holding in four states – Lagos, Edo, Ogun and FCT.