Top YouWIN Frequently Asked Questions – Resolve Your Confusions
What is YouWiN? YouWiN stands for Youth Enterprise with Innovation in Nigeria. It is an innovative business plan competition aimed at job creation jobs by encouraging and supporting aspiring entrepreneurial youth in Nigeria to develop and execute business ideas. Who can apply? Every Nigerian aged 18-45 years that wants to start a business or expand ... Continue Reading
What is YouWiN?
Who can apply?
What types of business can apply?
Must I be registered with CAC to apply?
My business is a partnership, how many applications can I submit?
Can I change my business idea if I have already submitted an application?
Is there a limit to how many business ideas I can submit?
Is there an application fee for You Win?
How do I know if I am selected?
I submitted a good business idea and I was not selected
How much money can I apply for?
Do I have to pay back the money?
How will my business be funded?
How long will this program last?
Since this is an equity grant from the government, does the government own a part of my business?
How safe are my ideas?
I do not live in Nigeria, can I participate?
I was asked to refine some sections of my business plan and I have done so, when will my award ceiling and disbursement schedule be sent to me?
When will I receive my Tranche 1 funds? I have opened an account and submitted my CAC documents to the Secretariat.
My Tranche 1 amount will not be enough to purchase any machinery or rent an office, what do I do?
When will the Tranche 2 funds be paid?
I cannot meet the turnover and employ the number of people expected in my disbursement schedule, what do I do about this?
Who should I talk to about making some modifications to my business plan?
When will a monitor visit me?
I am unable to continue my business in my present location (Region/state), can I move to another Region/state?
When will the next round application begin?
How can I contact the secretariat?
What is the time commitment expected of the mentors?
How many mentees will they need to mentor at the same times?
How long is the mentoring program?
How often do they need to meet with the mentees?
Can mentoring be done remotely/virtually either by phone, Skype or email?
Is there a mentoring handbook /guidelines for both mentors and mentees?
Who is responsible for initiating and maintaining the relationship?
What is the purpose of the mentoring program?
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