APPLY NOW! Nigerian Youth Professional Forum (NYPF) Young Entrepreneurs & Students Grant (YESGrant) Scheme

The Young Entrepreneurs & Students Grant (YESGrant) is targeted at Nigerians between the ages of 18 and 40 and will run in five cycles over five years. The main objectives of the programme are to create jobs through young entrepreneurs and encourage high-impact Research & Development programmes that add value and lasting positive change to the Nigerian economy.

Entrepreneurs will be supported to develop and execute their business ideas leading to accelerated job creation in Nigeria and also encourage the culture of self-reliance. The programme will support both existing and aspiring entrepreneurs through a platform that showcases their business concepts, skills and aspirations, to business leaders, investors and mentors all around the world.

YesGrant will give tuition fee support to University students and also create a support system that finances Science and Technology related projects from final year students and NYSC members. This category of YesGrant will motivate Nigerian students and encourage them to achieve their academic pursuits.

ELIGIBILITY CRITERIA FOR ENTREPRENEURS

The Entrepreneur YESGrant is a grant to your business and NOT A LOAN.

To apply for the grant, the owner of the business applying must be a Nigerian between the ages of 18 and 40 and must be a registered member of the Nigerian Young Professionals Forum (NYPF).

Applicants must have a corporate account with Heritage Bank.

The innovative idea of the entrepreneur must be from one of the following sectors:

  1. Agriculture
  2. Creative Economy (Fashion, Photography, Creative Arts, Music and Film Entertainment)
  3. Information and Communications Technology (ICT)

To access the grant, the business must be registered with the Nigerian Corporate Affairs Commission (CAC).

The entrepreneur must open a corporate account with Heritage Bank Nigeria (the YESGrant Partner) prior to disbursement.

Owner of the business must sign a legal agreement between the beneficiary company and NYPF.

Application Process

  1. Applications for funding by the Nigerian Young Professional Forum (YESGrant) pass through a two-stage application process: Concept Note stage and Evaluation stage.
  2. Award recipients must be registered members of the Nigerian Young Professional Forum (NYPF). As a registered member, you will be assigned a unique identification number with which you will use to log into the application platform.
  3. The Concept Note stage entails completing a form online and a brief summary of the proposed business idea for which grant funding support is being required for. This is the first stage of the Application process.
  4. The Evaluation stage requires shortlisted applicants to be interviewed face to face by a team of specialists.

 

ELIGIBILITY CRITERIA FOR STUDENTS

The Student YESGrant is a grant to students and NYSC members and NOT A LOAN.

To apply for the Student Grant, applicant must be a Nigerian between the ages of 18 and 40 and must be a registered member of the Nigerian Young Professional Forum (NYPF).

Applicants in Nigeria must have an account with Heritage Bank.

The grant application must be for one of the following two categories:

  1. Tuition Scholarship
  2. Final year student/NYSC member Research and Development (R&D) project

The beneficiary must open an account with Heritage Bank (the YESGrant Partner) prior to disbursement.

The recipient of the grant must sign a legal agreement between the beneficiary and the Nigerian Young Professional Forum (NYPF).

Application Process

  1. Award recipients must be registered members of the Nigerian Young Professional Forum (NYPF). As a registered member, you will be assigned a unique identification number with which you will use to log into the application platform.
  2. Applications for funding by the Nigerian Young Professional Forum (YESGrant) will pass through a two-stage application process: Concept Note Stage and Interview Stage.
  3. The Student YESGrant is open to 200 level – 500 level students as well as NYSC members.
  4. Only eligible applicants with Cumulative GPA of 3.5 or greater for Nigerian & UK universities, and 3 or greater for USA and Canadian universities and brilliant project ideas that meet the objectives of the YESGrant will be shortlisted for grant award.
  5. Applicants are to select for the type of grant they are applying for. The Student grant includes: Tuition Scholarship and Research and Development /Final Year Project Grant.

Selection will be through a rigorous, multi-step process. Applicants will be screened in order to identify those with the best talents, needs for support and potentials for positive economic impact to the Nigerian economy.

 

For more information, kindly visit YESGrant website HERE.

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