Terms and Conditions

Bulb 2.0 2019

BULB 2.0 is an acceleration and incubation initiative by Enov8 Solutions and its Tech Hub (The Bulb™). This CSR initiative allows us to use our platform to find and nurture the best technology proof of concepts or ideas and transform them into business realities.

BULB 2.0 initiative is in line with Enov8’s commitment to Corporate Social Responsibility (CSR) with the aim of building a generation of business leaders who work together to build a better future. While Promoting lifelong learning by aiding young Nigerian graduates and undergraduates The Bulb 2.0 Initiative seeks to support business ideas that intentionally create positive societal impact while generating a financial return.

We collect applications from budding entrepreneurs across the nation and select the top ten (10) we believe could emerge as a rising star and possibly form a unicorn. These ten (10) finalists then pitch their ideas or POCs to the executives of Enov8 and key invited guests, most of whom are PE and VC representatives.

Applicants of The Bulb 2.0 initiative are to propose practical and profitable solutions that leverage on technology to make a significant, measurable and sustainable social impact. These solutions can come in the form of Businesses that exist or entrepreneurial ideas with credible market research. Every solution should clearly demonstrate how it aims to tackle the specific problem it was designed to solve.

After the deadline has passed and we have assessed the applications received, shortlisted candidates will be contacted to pitch their technology business ideas to a closed group of business professionals, entrepreneurs, and investors this December in Lagos.

APPLICATION CRITERIA

To be eligible for the award, the applicant must:

  • Be a citizen of Nigeria
  • Be between 18 and 30 years of age
  • Submit a presentation of their tech solutions, which must be their original work.
  • Identify and demonstrate an MVP (minimum viable product)
  • Be able to fund his/her/team travel expenses and other associated costs
  • Be physically available with core team members & co-founders for the Pre-Pitch Workshop and Final Pitch Event scheduled for December 2019 in Lagos, Nigeria
  • Submit their application before the deadline: November 20th, 2019

 

PRIZES

The three (3) winners of Bulb 2.0 who emerge from the finale will:

  • Have their business plan (go-to-market strategy) developed
  • Be incubated for six (6) Months in our Tech Hub in Lagos, Nigeria
  • Be mentored by The Bulb™ Executives
  • Be given access to potential Investors
  • Stand a chance to partner with Enov8 Solutions and The Bulb™

FAQ

Is there a specific industry for the proposed ideas?

Applicants can submit ideas related to any sector.

Can I apply if I do not live in Lagos?

The BULB 2.0 event will be held in Lagos, Nigeria. While applications are welcome from any part of Nigeria, every applicant is expected to be present in Lagos for the Finale and provide their own lodging.

Any further questions should be directed to application@bulb.africa