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INDIAFRICA: Nine entrepreneurs to compete for $10,000 grant

By PROVIDENCE OBUH

Nine finalists from five countries will be presenting their business proposals to nine business experts from Africa and India, as well contest for $10,000 grant in the finals of the INDIAFRICA Business Venture Competition.

The competition, put together by Idea Works in partnership with Public Diplomacy Division of the Ministry of External Affairs, Government of India, Lagos Business School and the Indian School of Business, is titled, “Entrepreneurial Solutions to Address Developmental Challenges”

In a statement made available to Vanguard by the Lagos Business School (LBS), “Nine teams from Nigeria, Kenya, Uganda, South Africa and India will be contesting for a $10,000 grant at the finals of the first ‘INDIAFRICA Business Venture Competition finals and award ceremony’ holding in Lagos.

“At the competition, each team will be presenting a business plan addressing the theme to a grand jury of nine business experts from Africa and India.”

LBS revealed that the competition which begin in July 2012, aims to sensitize the industry in India and Africa about opportunities that exist for collaboration by identifying promising young entrepreneurs belonging to the two geographies and offering them opportunities for growth and collaboration.

INDIAFRICA is a youth outreach initiative, launched in August, 2011 at Lagos Business School.

Members of the jury include: Dr Enase Okonedo, Dean, Lagos Business School; Ini Onuk, CEO Thistle Praxis Consulting; Lazarus A. Angbazo, President and CEO, GE (East, West & Central Africa); Niyi Yusuf, Country Managing Director, Accenture Nigeria; Vivian Ani, Advisor, Enterprise Development Centre; Jahman Anikulapo, Editor, Sunday Guardian; Anoop Ratnaker Rao, COO, Naandi Foundation, India; Karthik Chandrasekhar, CEO, Accelerator, India; and Aruna Reddy, Associate Director, Wadhwani Centre for Entrepreneurship Development, Indian School of Business.


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