Union Bank Nigeria Centenary Innovation Challenge 2017 Application – Apply Now

Union Bank Nigeria Centenary Innovation Challenge 2017 Application Form and how to Apply

Do you have all it takes to win Union Bank Nigeria centenary innovation challenge 2017? Have you always anticipated of making having N4.3 Million or more than in your bank account this year? If these and many more are your goals, i want to specially congratulate you because this is an opportunity for you to get what you have always wanted to get.

Union bank Nigeria has kicked off celebration to mark her 100th year anniversary in Nigeria. Union bank has embarked on a transformation programme to reposition Union Bank with the objective of becoming a leading provider of quality financial services in Nigeria.

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About Union Nigeria

Union bank Nigeria is one of the financial leading institution i Nigeria established in the year 1971. One of her goal is to give long standing service to individuals and communities, Union Bank understands that partnership and pragmatism are needed to make the right choices to improve life, in a sustainable way, for future generations.

Description of the Centenary Innovation Challenge 2017

The Centenary innovation Challenge, will attract qualified energetic and skilled people across Nigeria to submit clever thought that address a bit of the Sustainable Development Goals (SDGs) that are of provoke excitement to Union Bank.

Union bank urges contender to propose imaginative musings that handle pivotal social and business challenges went up against by Nigerians in an extent of parts starting in one gathering yet perhaps versatile the nation over.

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Eligibility and Rules

1. The Union Bank Centenary Innovation Challenge is open to university students, software developers, academics and entrepreneurs of Nigerian citizenship living in Nigeria.

2. The challenge is not open to:

  • Employees of any company within the Union Bank Group or employees of other financial institutions (commercial banks, microfinance banks, insurance companies, brokerages, investment companies).
  • Anyone professionally involved in the development or administration of this Challenge
  • Any employee whose employer’s guidelines or regulations do not allow entry in the Challenge.

However, Union Bank employees can participate in workshops and could be called upon to serve as judges. Union Bank reserves the right to limit, or restrict upon notice, participation in the Challenge to any person who fails to comply with these terms and conditions.

3. To enter the competition, the entrant(s) must meet the following criteria (submission requirements) and confirm acceptance of these terms and conditions.

  • Project/product/concept title.
  • Entrant’s name(s).
  • Entrant’s description (e.g. software developer/academic/entrepreneur /student/other).
  • University or company name (if applicable).
  • Email address(es)
  • Phone number(s).
  • City where entrant(s) is/are based.
  • All submissions must include a full description of the project/product/concept in a document written in plain English and up to a maximum of 1,000 words. Each document should be split into three separate sections:
    1. An outline of the problem that your idea addresses; this could be an issue specific to your city or the country, or this could be a global issue. These ideas could be related but not limited to financial inclusion, agriculture and education.
    2. An explanation of your idea, how it relates to Sustainable Development Goals, and how it will work; provide clear details about how your idea will help to solve the problem you’ve outlined in (1) and demonstrate how the solution provides business and social and/or environmental value.
    3. An explanation of how your solution can be scaled into a successful business model.
  • The entry or any part of it must not have won any previous awards.
  • The entry materials (document and video) must be submitted online via www.unionbank100/challenge.
  • Entry begins on 12th April 2017, and ends on 19th May 2017.
  • The 3 best ideas from the challenge will be supported to bring their ideas to life through the CcHub Incubation Programme from June – December, 2017

Prizes and Incubation process

  • The best ideas generated & submitted will leverage Union Bank’s expertise and the reach of its value chain to develop and scale.
  • The top 3 ideas will receive immediate cash prizes of 2 million Naira, 1.5 million Naira and 1 million Naira respectively towards the execution of the idea. Further incubation support will be provided via the Co-Creation Hub (CcHUB) incubation services with full engagement with Union Bank.
  • Over the subsequent six months, the top three ideas will be supported with a range of services focused on product development, distribution and business modelling to turn their ideas into fully working products to launch in late 2017.
  • In addition to access to a range of different partners and mentors from the public and private sectors, winners will also have access to Union Bank’s customers and employees and also leverage Union Bank’s reach & strategic networks to bring their ideas to life.

Procedure to Apply

Interested and qualified candidates should visit the official Union bank website to apply for the challenge by clicking this link

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