See more as Zenith Bank opens applications for 2024 startups competition for N70m cash prize

• Zenith Bank is set to award over N77 million cash price to startups in Nigeria in Zecathon 4.0 competition
• The bank said the competition will see young Nigerian innovators present their ideas during the Zenith Bank Tech Fair.
• There is also six-week incubation program designed to equip participants with the mentorship, exposure to thrive in the fast-evolving tech landscape

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

Zenith Bank has announced that it will award N77.5 million to Nigerian startups through its pitch competition tagged Zecathon 4.0.

The program seeks to identify and fast-track the growth of high-potential Nigerian startups innovating in key sectors, including Embedded Finance, Cybersecurity, Fintech, HealthTech, Agritech, E-commerce, and more.

Zenith Bank ready to give funds to Nigerian enterprenues Photo credit: peeterv
Source: Getty Images

How Zecathon 4.0 works

According to information on Zenith Bank website, the Zecathon 4.0 will give startup pitch competition and six-week incubation program designed to equip participants with the mentorship, exposure, and strategic partnerships

Requirements to be eligible

• Be early-stage Nigerian startups with a registered business entity
• Operate in one or more of the listed focus sectors
• Demonstrate a viable product or Minimum Viable Product (MVP) with initial market traction
• Present a scalable business model with clear growth potential

Top prizes for startups

• 1st Place 25 million
• 2nd Place 20 millio
• 3rd Place 15 million
• 4th - 10th Place (7 startups) 2.5 million each

For more information and steps to apply use this link.

Applications close on Friday, 15 November, 2024.

Google opens application for innovative black startups

Legit.ng reported that Google had launched the third cohort of its Black Founders Fund for Startups in Africa and Europe, committing $4 million to support eligible black-founded startups.

The fund aims to promote digital transformation and support black-owned startups across the continent.

Upon selection, the startups will receive up to $150,000 equity-free cash awards and up to $200,000 per startup in Google Cloud credits.

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Source: Legit.ng