Connect with fellow entrepreneurs chosen from the Southeast region of Nigeria and discover the strategies for elevating your business to become the next industry leader through the 9-month LBS-BOI Entrepreneurship/ Business Accelerator Programme.
Engage in a transformative experience that will provide you with the expertise, assistance, and networking opportunities essential for success, positioning you as a prominent global industry leader in the 21st century as an entrepreneur from Nigeria.
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About LBS Business Innovation Accelerator Programme
The LBS-BOI Business Innovation Accelerator (BIA), Entrepreneurship Accelerator Programme is a collaboration between Lagos Business School (LBS) and Bank of Industry (BOI) aimed at raising the next generation of business leaders by providing high-quality entrepreneurship training across the 6-geopolitical regions of Nigeria.
The programme has so far covered the South-West and North-Central Regions of Nigeria in the first two cohorts. This new cohort is intended to reach 60 high-impact entrepreneurs in the Southeast region of Nigeria: Abia, Anambra, Ebonyi, Enugu, and Imo.
The programme was established to cultivate and scale impact-driven entrepreneurs who use for-profit business models to effectively provide solutions to address problems while fostering positive societal transformation.
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By striving to generate a category of entrepreneurs adept at problem-solving, the Accelerator programme offers a comprehensive range of training modules to ensure entrepreneurs grow and scale sustainably. The Entrepreneurship Accelerator programme is fully sponsored by the Bank of Industry.
Accelerator Programme Modules
The 9-month Accelerator program comprises four (4) modules:
1. Entrepreneurship Orientation & Business Management Training: In this 6 weeks training, entrepreneurs will learn essential business skills and entrepreneurial orientation for sustainable growth in their business and get a MiniMBA from Lagos Business School.
2. Apprenticeship/Technical Mentoring: In this 6 months phase, entrepreneurs develop
specialized skills and gain hands-on experience by apprenticing with established industry leaders to excel in their industry and boost their entrepreneurial capabilities.
3. Training on access to market (2 weeks): Entrepreneurs get guidance from experienced
entrepreneurs and facilitators on how to expand their market reach, access the export market (AFCFTA), and accelerate their growth.
4. Training on access to funding (2 weeks): Entrepreneurs learn and explore sustainable
funding opportunities to accelerate their business growth potential. At the end, we host an Investor Pitch event that brings together a curated selection of profitable impact-driven entrepreneurs and investors.
LBS-BOI Business Innovation Accelerator Graduates
Who is this Program for?
- Your business should be an existing business and registered with the Corporate Affairs
Commission (CAC) - Your business should be innovative and have significant potential to scale.
- Your business should be in specific sectors, especially in the Agricultural and manufacturing industries.
- Your business should be located in the South-East Region of Nigeria; Abia, Anambra, Ebonyi, Enugu or Imo
- You should be physically available for the first phase of the program for 6 weeks in Lagos
How To Apply: Step-by-Step Process
- Online Application: January 5th – January 31st, 2024
Interested entrepreneurs are invited to complete an online application form, providing information about their existing business.
- Initial Screening: February 1st – February 9th, 2024
Upon submission, the BIA team carefully reviews the applications, assessing their suitability for the program. This includes evaluating the business concept, the entrepreneur’s background and experience, and their potential for growth and impact.
- Selection Process: February 10th – February 17th, 2024
Shortlisted applicants progress to the next stage, where they undergo further assessment. This may involve interviews, presentations, or additional documentation. The selection process aims to identify the most promising entrepreneurs who align with the BIA’s mission and demonstrate the potential for significant growth and impact.
- Acceptance and Onboarding: February 18th – March 3rd, 2024
Successful applicants receive an acceptance letter, warmly welcoming them into the Entrepreneurship Accelerator Program. They receive detailed information about the program, including the timeline, expectations, and any pre-program preparations required. Additionally, they are introduced to the BIA support network and valuable resources available to them.
- Programme Commencement: March 4th, 2024
The Entrepreneurship Accelerator Program officially begins on a specified date. Selected entrepreneurs participate in a comprehensive range of training sessions, workshops, mentorship programs, networking events, and other activities meticulously designed to enhance their entrepreneurial skills, deepen their business knowledge, and provide access to essential resources.
- Ongoing Support:
Throughout the program, the BIA team ensures continuous support and guidance for entrepreneurs. This includes regular check-ins, one-on-one coaching, access to industry experts and mentors, and opportunities for collaboration with other program participants.
Furthermore, entrepreneurs gain access to relevant resources, tools, and networks, empowering them to navigate challenges and maximize their business potential.
Deadline: January 31st, 2024
