FCMB Launches SkillPaddy-Global Entrepreneurship Week Fund: Offers N1 Million Business Grant for SMEs

As part of its effort to empower small and medium-sized enterprises (SMEs), First City Monument Bank (FCMB) has introduced the FCMB SkillPaddy-Global Entrepreneurship Week Fund. This groundbreaking initiative seeks to inject vitality into businesses by providing a noteworthy N1 million business grant to eligible entrepreneurs. The launch of this fund underscores FCMB’s unwavering commitment to fostering entrepreneurship and contributing to the success of SMEs in Nigeria.

Transformational Opportunity for Business Owners

Entrepreneurs seeking seed funding to propel their operations forward can seize a game-changing opportunity by registering for the FCMB SkillPaddy-Global Entrepreneurship Week Fund. Participants stand a chance to secure a N1 million grant, aligning with FCMB’s overarching mission to “Fund SMEs For Success” and empower businesses to thrive in a fiercely competitive market.

Benefits of Participation:

1. One-month Free Business Training: Gain valuable insights and skills through a business training program valued at N250,000.
2. Free Business Spotlight: Businesses will enjoy visibility and promotion through a dedicated spotlight.
3. N1 Million Business Grants: Five entrepreneurs will have the opportunity to receive N1 million each in business grants.

Requirements for Eligibility:

To be eligible for the FCMB SkillPaddy-Global Entrepreneurship Week Fund, applicants must meet specific criteria:

1. Operate an existing and operational business.
2. The business must have been operational for at least 12 months.
3. Possess a comprehensive business plan.
4. Have an active FCMB account with a minimum balance of N5,000.
5. For WSMEs (Women-owned SMEs), the primary applicant must hold a minimum stake of 51% ownership, or the business should have at least 20% ownership from a minimum of three female members within the management team, or the business can be solely owned.
6. Commit to using the competition winnings for business-related purposes, as outlined in the application. Terms and conditions apply.

Application Deadline and Submission:

Applications must be submitted by the specified deadline of December 1st, 2023. Entrepreneurs are strongly encouraged to act promptly to seize this unique opportunity for business growth.

Don’t miss out on this chance to scale up your business and make a significant impact. Click here to learn more, and register your business for the FCMB SkillPaddy-Global Entrepreneurship Week Fund, and pave the way for your business’s success.