LABEC BUSINESS START- UPS GRANT 2019
For Small Business Owners, Local Traders, And Youthpreneurs.
WIN SEED CAPITAL FOR YOUR BUSINESS.
Do you have a great business idea, or looking to start up a business or you want to improve the quality of your services and finance is the only limitation you have? I have a good news for you.
“Small business is the spine of the economy”
We believe that self employment or small business is the panacea to the gruesome statistics of employment and poverty in the nation. The solution to unemployment is deployment. Education system has failed in coping with the dire need of the society. We also hold a firm belief that a healthy or robust economy requires small business growth and sustainability. When small businesses are healthy and prosperous, the country at large benefits and prospers, too. America has one of the fascinating and whooping record on self employment. There are 28 million small businesses in America. These businesses employ 55% of the workforce and account for 54% of transactions throughout the year. Since the 1970s, small businesses have been responsible for 66% of all net job creation within the economy. Recently The US economy added 224,000 jobs in June 2019. How is that possible? Of course through small and local businesses.
Together, small businesses constitute a larger percentage that provides stability to the American economy. If we must develop the nation we must pay attention to the economy. To boost the economy it must start by encouraging the university graduates and youths to start a small business. We are also aware that capital or funding has been one of the major setbacks for business start-ups. This is the main purpose we created the LABEC business start-up.
ABOUT THE LABEC BUSINESS START - UP GRANT
The Labec Business Start – Ups Grant is open to all African small business owners, local traders, innovators and youthpreneurs (Ages 18-50). The LABEC business start-ups grant is a scheme organized by The David Oyeleye Company in partnership with successful business owners, CEOs, individuals, charity organizations, schools, companies, industries, churches, politicians, and corporations to encourage and empower aspiring young entrepreneurs or youths already in business to build their own businesses, promote their ideas and solve the “no capital” problem amongst new business owners with a special focus on youths. One of it’s main purpose is to alleviate poverty in Nigeria and to ultimately boost the African economy
This scheme is peculiar and it is designed to help aspiring small business owners, entrepreneurs and innovators by providing financial assistance, personal support, mentoring and networking opportunities, and equipping them with necessary knowledge and skills to start up and build a successful and sustainable business that will ultimately boost the Nigerian economy and to alleviate poverty in Africa. Selected applicants will receive wisdom, seed capital, business and leadership training depending on the size, vision and quality of their business plans. 2019 edition is the maiden edition and it is scheduled to hold during the onsite event later in the year at Obafemi Awolowo University Campus, Ile-Ife, Osun State, Nigeria. Details on the date and time of the event will be communicated to interested applicants.
If you want to be a sponsor or you want to partner with us to empower more youths. Kindly please sign up here
If my business start up is selected how would I be informed?
Selected applicants would be notified before the labec 2019 onsite event. Selected applicants would also be sent an invitation mail or text to attend the LABEC MENTORING PROGRAMME tagged : THE PIVOTAL ROLE OF SMALL BUSINESS IN NATIONAL DEVELOPMENT AND POVERTY ALLEVIATION IN AFRICA with our partners and trainers via the email address or phone numbers designated in the initial application form and the list of each selected applicants would also be posted on our official labec website and other social media platforms. Succesful applicants would therefore be advised to come with the hard copy of their business plans, financial records of previous business transactions, referee or surety, Id card and power point presentation when coming for the labec mentoring program
IF I CAN’T MAKE IT DOWN FOR THE ONSITE PROGRAMME?
There would be a special online business and leadership mentoring program with our partners and facilitators for selected applicants who cannot attend the event. This may require a pre-recorded video and power point presentation. Specific details will be communicated to applicants that fall in this category.
When is the deadline for application?
Interested applicants Are advised to apply as soon as possible and not procrastinate, as soon as we hit our target nationwide on or before September 30 application ends.
NB : Application, business plan, previous financial statements and projection required for eligibility. Deadline is September 30, 2019.
Position yourself to succeed. Don’t waste this opportunity.