ARM Group will on Friday give N12 million to the winner of its virtual start-up entrepreneur competition.
The Deji Alli ARM Young Talent Award (DAAYTA) programme which is in its fifth edition has seven startups as finalists out of 450 entries received by the organisers.
It said the selected seven startups are Cdial Limited, Moon Innovations, Natibo Technologies Nigeria Limited, Sakula Limited, StackJunior, Strich, Inc. and ThinkBikes Limited.
It said: “The eventual winner of DAAYTA 2023, subject to the Terms & Conditions, will receive funding of N12m over a period of one year.” The fund is for developing a business plan, completing an entrepreneurial education at the Pan Atlantic University’s Enterprise Development Centre (EDC) in Lagos, a five-month acceleration support for development of their venture through a reputable entrepreneurial hub in Lagos.
This initiative was established in 2015 by ARM in honour of its founding CEO, Deji Alli, to support young entrepreneurs with innovative ideas.
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