This document outlines the Wennohunt 1.0 program, which aims to develop Nigerian student entrepreneurs. It will be conducted in three phases: 1) a business idea challenge where students submit executive summaries and winners advance, 2) a business plan competition where advanced students submit full plans and winners receive cash prizes and incubation support, and 3) an incubation phase where selected students receive mentoring and resources to develop their ideas into businesses. The goal is to encourage innovation among students that can create jobs and economic growth in Nigeria. The program will be piloted among selected universities and provide cash prizes, incubation support, and networking opportunities for participants.
Socionext Africa empowers unemployed, rural and peri-urban youth in Africa. We help youth with skills on how to start a social enterprise within 7 days, by using rapid prototyping and lean start-up methods.
CU Alliance RPL e-Portfolio_Assessment Tool Gavin Clinch
Recognition of Prior Learning (RPL) is the generic term for learning assessment mechanisms such as Accreditation of Prior Learning (APL) or Advanced Academic Standing, which are used within Higher Education Institutions to describe the awarding of credit/exemptions to applicants on the basis of demonstrated learning that has occurred prior to admission.
The OECD (2008, p.50) reported that ‘demand for RPL is latent in Ireland and once employers and workers are well informed about RPL, interest is generally high’. Furthermore, Hunt (2011, p.55) stated that ‘RPL is particularly important as flexible and workplace learning opportunities expand. A national framework for RPL must be developed, based on the expertise and experience already built up in the higher education institutions. Progress in this regard will help to shift the emphasis from educational inputs towards learning outcomes. This student-centred philosophy lies at the heart of the National Framework of Qualifications (NFQ).’
The Connacht Ulster Alliance (GMIT, IT Sligo and LYIT) initiated a project to inform, support and facilitate Irish or international applicants in applying for RPL to gain entry onto a programme or seek exemptions from parts of a programme.
A dedicated web portal (www.myexperience.ie) was created to provide relevant information on RPL through short videos and text. The website defines the different mechanism of RPL assessment, provides details on the process and links to the CUA e-Portfolio tool. The actual e-Portfolio tool was created in Moodle 2.6 as this provides for assessment of learning. As a paperless tool, it provides an electronic submission of evidence and allows the learner to submit their portfolio in a sequence of stages resulting in the creation of a professional RPL portfolio. The e-Portfolio of evidence includes: certified learning; experiential learning; references; work experience outputs and motivational statements.
The CUA e-Portfolio will be piloted from May to August 2014 in GMIT, LYIT and IT Sligo. This tool offers a national solution for RPL applicants and has the potential to provide for digital badges.
Description of what Wennovation Hub Nigeria has to offer. Wennovation Hub- the Technology Start-Up Business Development Unit of LoftyInc Allied Partners Limited
Socionext Africa empowers unemployed, rural and peri-urban youth in Africa. We help youth with skills on how to start a social enterprise within 7 days, by using rapid prototyping and lean start-up methods.
CU Alliance RPL e-Portfolio_Assessment Tool Gavin Clinch
Recognition of Prior Learning (RPL) is the generic term for learning assessment mechanisms such as Accreditation of Prior Learning (APL) or Advanced Academic Standing, which are used within Higher Education Institutions to describe the awarding of credit/exemptions to applicants on the basis of demonstrated learning that has occurred prior to admission.
The OECD (2008, p.50) reported that ‘demand for RPL is latent in Ireland and once employers and workers are well informed about RPL, interest is generally high’. Furthermore, Hunt (2011, p.55) stated that ‘RPL is particularly important as flexible and workplace learning opportunities expand. A national framework for RPL must be developed, based on the expertise and experience already built up in the higher education institutions. Progress in this regard will help to shift the emphasis from educational inputs towards learning outcomes. This student-centred philosophy lies at the heart of the National Framework of Qualifications (NFQ).’
The Connacht Ulster Alliance (GMIT, IT Sligo and LYIT) initiated a project to inform, support and facilitate Irish or international applicants in applying for RPL to gain entry onto a programme or seek exemptions from parts of a programme.
A dedicated web portal (www.myexperience.ie) was created to provide relevant information on RPL through short videos and text. The website defines the different mechanism of RPL assessment, provides details on the process and links to the CUA e-Portfolio tool. The actual e-Portfolio tool was created in Moodle 2.6 as this provides for assessment of learning. As a paperless tool, it provides an electronic submission of evidence and allows the learner to submit their portfolio in a sequence of stages resulting in the creation of a professional RPL portfolio. The e-Portfolio of evidence includes: certified learning; experiential learning; references; work experience outputs and motivational statements.
The CUA e-Portfolio will be piloted from May to August 2014 in GMIT, LYIT and IT Sligo. This tool offers a national solution for RPL applicants and has the potential to provide for digital badges.
Description of what Wennovation Hub Nigeria has to offer. Wennovation Hub- the Technology Start-Up Business Development Unit of LoftyInc Allied Partners Limited
The Africa platform for startup funding. VC4Africa is a fast growing community of entrepreneurs and investors dedicated to building game changing companies on the African continent. Entrepreneurs have access to free online tools, mentorship opportunities and the ability to raise capital. Pro Account users can follow ventures they like, set up intelligent alerts, and connect to members directly. Partners engage the VC4Africa community with their programs and services. Get involved and join the community today!
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Executing an equity crowdfunding campaign is different from a typical Kickstarter or Indiegogo campaign because it involves the exchange of equity and higher funding amounts. In this presentation, we'll tell you some tips on how to raise funds through equity crowdfunding, and what it means for Malaysian entrepreneurs especially. Find out more about us on www
iStart feature: How to hatch your bjusiness idea: A guide to A/NZ incubators ...Hayden McCall
The statistics are compelling; basically half of all new
start-up businesses fail within two to five years. Since the rise of businesses incubators and accelerators statistics show that the successful completion of an incubator programme plays a significant role in the success rate of a company. Fiona Hanlon investigates....
The First Caribbean Startup Digital Accelerator: We accelerate 100 companies to market each quarter annually. Our 3-day online accelerator program targets Caribbean entrepreneurs from 20 Caricom countries and the global diaspora.
http://caribbeanstartups.com/our-programs/
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Financial Analysis and Equity Research is a 3 month, fully online Executive Development Program by XLRI.
This program is designed for aspiring and practicing equity analysts from both sell side and buy side.
As per PTU syllabus: Skill Development for Entrepreneurs. Business incubation – Meaning – Setting up of Business Incubation Centre,. Meaning and definition of a sick industry - Causes of industrial sickness. Preventive and remedial measures for sick industries
The Africa platform for startup funding. VC4Africa is a fast growing community of entrepreneurs and investors dedicated to building game changing companies on the African continent. Entrepreneurs have access to free online tools, mentorship opportunities and the ability to raise capital. Pro Account users can follow ventures they like, set up intelligent alerts, and connect to members directly. Partners engage the VC4Africa community with their programs and services. Get involved and join the community today!
Equity Crowdfunding- How to Execute a Successful Equity Fundraising CampaignCrowdonomic
Executing an equity crowdfunding campaign is different from a typical Kickstarter or Indiegogo campaign because it involves the exchange of equity and higher funding amounts. In this presentation, we'll tell you some tips on how to raise funds through equity crowdfunding, and what it means for Malaysian entrepreneurs especially. Find out more about us on www
iStart feature: How to hatch your bjusiness idea: A guide to A/NZ incubators ...Hayden McCall
The statistics are compelling; basically half of all new
start-up businesses fail within two to five years. Since the rise of businesses incubators and accelerators statistics show that the successful completion of an incubator programme plays a significant role in the success rate of a company. Fiona Hanlon investigates....
The First Caribbean Startup Digital Accelerator: We accelerate 100 companies to market each quarter annually. Our 3-day online accelerator program targets Caribbean entrepreneurs from 20 Caricom countries and the global diaspora.
http://caribbeanstartups.com/our-programs/
XLRI-VIL: Financial Analysis and Equity Research (FA & ER)xlrivil
Financial Analysis and Equity Research is a 3 month, fully online Executive Development Program by XLRI.
This program is designed for aspiring and practicing equity analysts from both sell side and buy side.
As per PTU syllabus: Skill Development for Entrepreneurs. Business incubation – Meaning – Setting up of Business Incubation Centre,. Meaning and definition of a sick industry - Causes of industrial sickness. Preventive and remedial measures for sick industries
2. PRELUDE
PRIME POPULATION
Nigeria remains the most populous black nation on earth, blessed with diverse
natural and human resources, yet plagued by high poverty and unemployment
issues.
BUDDING INNOVATION
Frontier markets like Nigeria provides a fast and cheap route to create jobs thereby
reducing poverty
3. The PURSUIT
ENCOURAGING STUDENT
ENTREPRENEURSHIP
The focus of this endeavor is to develop Nigerian student entrepreneurs who
would be independent, problem solving, job creating and contributing to the
economic growth of our nation.
4. PRE-WENNOHUNT
The WENNOVATION HUB started in February 2011 with a
goal of providing innovative entrepreneurs with a cheap and
quick means to turn their ideas into bankable businesses via
the provision of our five main services
◦ Access to full office support
◦ Access to Mentors
◦ Access to Business consultants
◦ Strategic Management advice
◦ Access to Funding
The WENNOVATION HUB has proven track records of
businesses she has incubated within the last one year, some of
which were ideas of final year students of Nigerian
Universities
5. The PHASES
I. The Business Idea Challenge
II. The Business Plan Competition
III. The Incubation Phase
6. Phase I
The Business Idea Challenge: Participants will submit a 2-page executive
summary to be uploaded to our online platform developed for the
competition. Three winners(teams) from each school will win $100 cash prizes
each and will move on to the next phase which will be an inter-university
competition among the winners from the participating schools.
There will also be consolation prizes for the top 5 runner ups which will include
access to exclusive mentoring and business plan templates. Also, winners and
runners up will be matched to form single teams around winning ideas. i.e.
Runners up will be encouraged to join winning teams to give them a chance to
compete in the inter-university event.
7. Phase II
The Business Plan Competition: Participants qualified from their
respective institutions in phase 1 will be required to develop and submit a full
business plan of not more up 20 pages supporting their idea. Clear market
position, competent team, practicality and financial viability in Nigeria are key
issues that will be judged in this plan.
Three overall winners will be rewarded with cash prizes earmarked for
product & business incubation through the Wennovation Camp (based on the
Terms & Conditions). This is an opportunity to work closely with experienced
local and international mentors and also secure further funding for their ideas.
Also, brackets of similar ideas in a Face-Off challenge will be formed to have
ideas from one university compete with another for winners to emerge based
on the quality of development and plan proposed.
8. Phase III
The Business Incubation Phase: Selected successful
participants from the second phase are drafted into Nigeria’s
foremost business incubation facility, WENNOVATIONHUB, where
their ideas will be transformed into bankable businesses via tested and
proven business strategies and vehicles adopted by the Wennovation
model- they will be matched to mentors (Wennovation Fellows) ,
and will use our Virtual Incubation Platform (VIP).
9. The award
I. The top three winners from each school at this first Phase will get
$100 each. While, the five runners up will get consolation prizes.
II. Three winners will emerge from this phase who will proceed to
the business incubation phase and their prizes(meant for
incubation) are as follows: 1st Prize:$6,000, 2nd Prize:$5000, 3rd
Prize:$4000.
III. The prizes in phase II above will be used for Business development
and Incubation.
IV. Upon success of business development and incubation,
Wennovation Hub will assist participants to raise proof of concept
funds and enter the market as full fledged businesses.
10. Previous Achievements
Name of Description Web Address Year of
Business Incubation
Mobiqube Nig Application and www.mobiqube.com 2011
Limited software development
Valleybits Life style technology www.valleybits.com 2011
Technologies Ltd company
Opacus Consumer -brand www.opacustech.com 2011
Technologies Ltd solution company
OTGPlaya Entity Smart Devices and www.otgplaya.com 2012
LLC/PCH Nigeria media company
Ovotek Technology solution http://ovotek.crospat 2012
Technologies company hs.com
Vertext Media Nig Media Business
Ltd.
11. Proposed Timeline
• Information Sessions, Publicity, Student Ambassadors Meeting @ Schools
April 1
• WennoHunt launches at selected universities
(4 Weeks)
• All Applications for Phase I accepted.
May 1 • Selection of winning Ideas in Phase I.
(4 Weeks)
• Online access to business plan writing resources
June 1
• Winners Phase I announced.
(4 Weeks) • Applications for Phase II opens.
• Applications for Phase II accepted.
July 1 • Selection of winning Ideas in Phase II
(4 Weeks)
• Award ceremony for Winners of Phase I and Phase II & Kickoff of Phase III
August 2nd
12. The PILOT
Website: www.wennovationhub.com
E-mail : ideaslab@loftyincltd.biz
13. About Wennovation Hub
The Wennovation Hub provides office space, ongoing support, network
& contacts, funding and affordable project support for innovative early
stage companies in Nigeria.
Currently, the following programs are available on the Wennovation
Hub stable for different categories of entrepreneurs:
◦ WennoConsulting
◦ WennoCamp
◦ Wennovation Platform
◦ Wennopreneur-In-Residence
◦ WennoSpace