Qualified entrepreneurs in Akwa Ibom State, today made business pitches to judges and angel investors for an opportunity to win business grants at the 2nd Season of the My Entrepreneurship Goals Programme (MEGP) MSME pitch deck.
The event, which held at the conference room of the Directorate Of Marketing and Brand Management, Office of the Governor, saw the entrepreneurs, who applied from the pool of Alumni of the Akwa Ibom State Youths Entrepreneurial Development Programme battle to outdo each other in pitching their businesses in order to clinch the Governor’s prizes.
Setting the tone for the pitch, the Special Assistant to the Akwa Ibom State Governor on Entrepreneurial Development, Mrs. Meflyn Anwana welcomed the participants and Judges to the event, and reechoed the commitment of the Udom Emmanuel administration to supporting enterprise development. Anwana said the contestants were expected to effectively communicate their ideas behind their business brands and convince the panel of judges that they deserve the prize money.
The four-man panel of judges was made up of veteran Akwa Ibom entrepreneurs namely: Mr. Iniobong Umoh, Mrs. Inyene Ekponta, Aniefiok Macauley, and Mr. Ufford Ebong.
A total of 18 contenders pitched their business ideas to the judges in the Early startup and existing business categories.
Winners of the 2nd season MEGP MSME Pitch Deck will be announced at the Certification/Induction dinner organized for the participants of batch-4 of the Akwa Ibom State Youths Entrepreneurial Development Programme, holding tomorrow at the Emerald Events Center, Uyo. The winners will go home with the Governors prizes in the various categories ranging from N500,000 to N150,000.
A cross-section of young entrepreneurs in Akwa Ibom State was today presented with work tools and items to aid their respective entrepreneurial activities in the Project-Based Assistance(PBA) scheme of the Akwa Ibom State Youths Entrepreneurial Development Programme.
The beneficiaries were exhilarant as they received the items in a brief presentation event at the Directorate of Marketing and Brand Management, Wellington Bassey Way, Uyo. The items presented to the beneficiaries include: generating sets, washing machines, industrial sewing machines, clutch motor, bundles of quality Ankara materials, and a hand mixer (soap-making machine).
Presenting the items, the Programmes Coordinator at the Directorate of Marketing and Brand Management, Mr. Brian Ekwere said that the Project-Based Assistance Scheme was designed under the Akwa Ibom State Entrepreneurial Development Programme to Identify basic needs in the day to day running of Participants’ entrepreneurial activities and offer needed support. Ekwere stressed that this model ensures that aid and succor get to actual entrepreneurs who need them.
Responding on behalf of the beneficiaries, Mr. Kuyik Napoleon thanked the State Governor Mr. Udom Emmanuel for his wisdom in initiating the Akwa Ibom State Youths Entrepreneurial Development Programme which he said has become a viable tool for training, mentoring, and assisting young entrepreneurs in the State. He advised youths and young entrepreneurs to key into the programme as it is an opportunity for them to rise up and live their dreams.
…as SA on Entrepreneurial Development tasks A’Ibom Entrepreneurs on effective brand communication.
As part of events building up to the passing out/certification ceremony of the 4th batch of the My Entrepreneurship Goals Programme (MEGP), a business pitch competition tagged MEGP PITCH DECK has been put together to give Alumni of the programme opportunities to pitch their businesses to investors for a chance to win business grants and open up their enterprises for partnerships and angel investor collaborations. The pitch deck, which is in its second season, will see winners in the early start-up and existing business categories win over one million Naira in business grants.
In preparation for the pitch deck, contestants gathered today at the Dakkada Enterprise Development Center, Uyo for Orientation and trainings. Speaking at the event, the Special Assistant to Governor Udom Emmanuel on Entrepreneurial Development, Mrs Meflyn Anwana said the pitch deck was put together to expose young Akwa Ibom business owners to standard pitch experiences, while also creating an opportunity for angel investors to see areas of investments and partnerships. Anwana urged the Entrepreneurs to take the pitch trainings seriously as the lessons could come in handy when they apply for other major pitch events. Speaking further, the governor’s aide told the contestants that the benefits of effective brand communication cannot be overemphasized.
Other speakers who spoke at the training include Mrs Menyene Emine, who spoke on Creativity and Innovation in enterprise design and Iniobong Umoh, who taught SEO optimization and story telling. Others who took turns to train the contestants are Messrs Ufford Ebong and Seth Usanga who spoke on “revenue models, financial projection and investment terms” and “winning concepts in a pitch deck” respectively.
In an interaction with newsmen, the resource persons said that Entrepreneurs in the state have been positively influenced by Governor Udom Emmanuel’s Dakkada philosophy, and commended the governor for creating an enabling environment for Entrepreneurship to thrive in the state.
The MEGP MSME Pitch Deck 2021 will hold on 17th June 2021 as part of the activities marking the end of trainings for the 4th batch of the My Entrepreneurship Goals Programme (MEGP) organized by the Directorate Of Marketing and Brand Management, Office of the Akwa Ibom State Governor.