NASFAT BUILD BUsiness Incubation LaunchpaD Initiative To Give $10,000 To 10 Successful Quarterfinalists
Zainab Tanimu
Kaduna, North-West, Nigeria
NASFAT BUILD (BUsiness Incubation LaunchpaD) Initiative is giving the sum of $10,000 to successful candidates come September, 2020.
This, the Chairman of the Committee, Mr. Fatai Olayemi disclosed to Zainab Tanimu, of News reservoir.
According to the Chairman, the innitiative is meant to positively impact on the lives of the Muslims by giving them the opportunty to discover themselves and be self reliance.
“The BUILD is a way of seeking
entrepreneurs and startups with innovative solutions, entrepreneurial mindset, can-do spirit and
a big idea or solution that has the potential to positively impact on Muslims, Muslim communities
and the world at large.
“It will be recalled that NASFAT in celebration of its 25 years anniversary launched the BUILD platform to create funding and mentoring opportunities for young Muslim entrepreneurs and
startups with innovative solutions aligned with the HELD agenda of the Society.”
The stage he said is set for the the 10 successful candidates who are going to battle for the $10,000 prize come September 2020.
“The stage is set for 10 successful quarterfinalists to battle for $10,000 winner’s prize in the maiden edition of the NASFAT BUILD (BUsiness Incubation LaunchpaD) Initiative.
The 10 quarterfinalists, out of the many that submitted applicantions, in no particular order are:
Explaining further,
The 10 quarterfinalists will undergo a virtual boot camp and showcase their solution before a virtual pitch event involving a judging panel made up of industry experts, leading to
announcement of winners in September 2020.
The winning pitch will get a $10,000 investment from NASFAT, as well as potential investments by other angel investors, mentorship from renown entrepreneurs, industry linkages, access to experts, access into incubator/accelerator hubs and accounting and legal support from the
NASFAT Secretariat for 12 months. He added.
