Empowering Future
Leaders: Youth Innovation
Challenge
[2024 Edition]
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Introduction to Youth
Innovation
The Jericho Businessmen Club (JBC), a network of
professionals of Ibadan descent, is proud to
announce its comprehensive initiative to foster
innovation, support young entrepreneurs, and drive
economic development in the Region. This initiative
comprises two main components: the Annual
Innovation Competition and access to Youth
Innovation Fund & Startup Incubator Program powered
by our partners.
This initiative encourages participants to develop
innovative solutions to pressing global challenges. By
empowering youth, we pave the way for a brighter
future and cultivate the next generation of Leaders
Objectives of the
Competition
The primary objectives of the competition include
• Promote innovation among students and young
entrepreneurs
• Support promising startups annually
• Provide comprehensive business development support and
mentorship
• Invest in local startups and innovative solutions
• Foster collaboration between academia, industry, and
government
• Create a network of successful young entrepreneurs who
will contribute to economic development of the Southwest
Region
• Address socio-economic challenges and promote sustainable
development in the Region
By participating, young innovators gain valuable
experience and exposure to real- world challenges,
thereby equipping them with essential tools for future
success
Structure of the
Challenge
The Challenge is structured in multiple
phases. Each phase is designed to guide
participants through innovation process.
1. Application Submission Phase (2 Months)
2. Finalists Selection Phase (1 Month)
3. Pitch Day & Prize Grants giving (coinciding
with the Annual Socio-Economic Summit)
4. Incubation Phase (6 Months)
5. Demo Day & Graduation
6. Alumni Support (Ongoing)
Eligibility and
Selection Criteria
Participants:
i. Students from all tertiary institutions in the
Southwest Region of Nigeria
ii. Entrepreneurs based in the Southwest Region of
Nigeria
Innovation Focus Areas:
Innovative solutions related to power generation, clean
energy, renewable energy, energy conservation, rural
electricity, and clean cooking technologies
Submissions will be evaluated based on creativity,
feasibility and impact. Judges will look for
innovative ideas that are practical and sustainable.
Benefits for Participants
Grant Prize:
1 st Place: N2.5 Million
2 nd Place: N1.5 Million
3 rd Place: N1.0 Million
The top three participants will be
admitted into a Startup Incubation
Schemes.
Participants will gain networking
opportunities, access to mentorship
and potential funding for their projects.
Engaging in this competition not only
enhances their skills but also opens
doors to future career prospects and
collaborations in various fields.
Conclusion: Stimulating
Innovation
The Jericho Businessmen Club's Innovation Competition and Startup
Incubator Program represent a significant investment in the future of
Ibadan, Oyo State and the Southwest Region of the country.
By nurturing young entrepreneurs, fostering innovation, and
addressing critical challenges like energy, the JBC aims to catalyze
economic growth and position the region as a hub for
entrepreneurship and sustainable development in Nigeria.
Thanks!
Kunle Afolabi Tayo Akinkunmi Demola Adedeji
+234 803 343 0837 +234 803 870 2757 +234 703 956 7100
[Link]@[Link]
About JBC
The Jericho Businessmen Club (JBC) is a non-partisan association of businessmen, professionals, and technocrats of Ibadan origin, dedicated to economic
development and influencing public policy for the benefit of Oyo State and Nigeria. Established in 2000 and formally launched in 2002 by a pioneering
group of Ibadan indigenes, JBC now boasts a membership of over 160 accomplished and emerging leaders.
Our members include reputable businessmen, entrepreneurs, and senior professionals across various sectors of the Nigerian economy and the diaspora.
United by a shared commitment to civic responsibility, we actively contribute to societal development. Over the past 23 years, JBC has initiated numerous
impactful projects in Ibadan, including scholarship awards, construction of motorized water boreholes for schools, and the refurbishment, upgrade, and
maintenance of primary healthcare and maternity centers. Additionally, we have implemented a revolving micro-credit scheme and other community
empowerment programs.
We firmly believe that sustained interaction and collaboration between the government and civic-minded organizations like JBC are essential to achieving
the rapid economic and socio-cultural progress we all aspire to see.
