The SME Challenge is an initiative of EDC and ProvidusBank which aims at equippingÂ small and medium enterprises (SMEs) with skills and competencies that the SMEs require to beÂ able to run their businesses profitably, defend sound and viable business proposals, efficientÂ funds utilization, trade, access to markets and prepare the SMEs to access funding.
Through this program, we will enhance the entrepreneurial and managerial competencies ofÂ Nigerian SMEs towards building sustainable business practices and provide support that willÂ enable them to navigate business challenges.
The SME Challenge will provide capacity building for SMEs in 3 phases;
Phase 1 â€“ Capacity Building for 500 SMEs: Â Â 500 candidates will be onboarded, trained and granted access to the SMEtoolkitâ€™s resources. The SMEtoolkit contains a set of tools that will equip businesses to gain competitive advantage, free business advisory from renowned experts and access to software packages, business forms, training resources and templates that can help your business succeed.
Phase 2 â€“ Business support for the top 50 SMEs: The top 50 candidates selected from the 500 will receive additional business consultations.
Phase 3 â€“ Enterprise Development program for the top 15 SMEs: The top 15 SMEs will be given a Customised Enterprise Development program coupled with intensive business support.
Step 1 â€“ To be Eligible for the program, the applicant must be:
- A Nigerian
- 18 years and above
- Own a viable business that is registered and operated in Nigeria
- A for-profit business from any sector
- Educated with minimum qualification of Ordinary National Diploma (OND)
- Able to carry out the application process online
- Committed to the training schedule, physically and virtually, once accepted
Step 2 â€“ Register
Click on theÂ Start ApplicationÂ to register
You will receive a confirmation email with all the details you will need to log in.
Step 3 â€“ Complete Application
Once you have successfully registered, log in and start the application. To return to your application, click the â€œSave And Continueâ€ button (at the bottom of any stage) and come back to it at any time. Once you are done with your application, click on the â€œSubmitâ€ button at the end of the form to send it to us. You can submit only ONE application.
Step 4 â€“ Keep Informed
Constantly check the PROVIDUSBANK SME CHALLENGE â€˜News and Updateâ€™ tab for regular updates.
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