Dear Entrepreneur, thank you for considering the Prince Adebajo Babington-Ashaye Business Grant. Prince Adebajo Babington-Ashaye Business Grant rewards a passion for and a commitment to entrepreneurship. The Grant is delivered in partnership with UPG Biashara and so it enables both the acquisition of skills to strengthen every entrepreneur as well as the provision of a grant of USD 5,000 to the chosen winner.
This grant is only open to UPG Biashara Entrepreneurs.
The application deadline is at 23:59 CET on 14 December, 2023.
What should you demonstrate / What we are looking for:
Service: a professional approach to the customers of the business and the users of the product or service. Service is also demonstrated by showing how the business idea benefits its stakeholders, including employees and the community within which the business operates.
People: the people criteria are fulfilled by demonstrating how the business benefits people. This includes customers, employees, suppliers, and more.
Integrity and Fairness: the entrepreneur demonstrates a commitment to integrity. Integrity is demonstrated in proper accounting and realistic financial statements and projections. A sportsmanlike attitude to competition also means that the entrepreneur always “plays fair”. Always works hard and smart to get better.
Courage: the entrepreneur may demonstrate courage related to their business ideas in various ways including showing significant commitment to the business idea, demonstrating their own investment in their business idea, taking sensible and calculated risks in support of the business idea.
Excellence: a commitment to excellence is evident in the business activity. This may be revealed the design of the product or the service. It may also be revealed in the realistic ambitions of the business. Excellence may also be demonstrated in the presence of sustainability thinking in the business.
Spark: the spark criteria rewards creativity. The business and/or the entrepreneur can fulfill the spark requirement by demonstrating creative aspects within the design of the product or service.
Thank you again for your interest and good luck!
Some Useful links:
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Required Commitments for Applicants:
A. I understand that the decision to award the Prince Adebajo Babington-Ashaye Business Grant is made by the Babington-Ashaye Family and any individuals or organisations that it delegates some or all of the responsibility. I also understand that this decision is final and that there is no recourse to appeal this decision.
B. I understand and I accept that the information that I submit as part of this application will be accessed by the Babington-Ashaye Family for the purposes of assessing all applicants and supporting the process of awarding the Prince Adebajo Babington-Ashaye Business Grant.
C. I understand and I accept that as part of the evaluation process I may be required to participate in additional ways which will include: i) pitch sessions where I present my business/business idea ii) additional requests for information
D. I understand and I accept that as an applicant my image and my profile may be published as part of generating support for applicants for the Prince Adebajo Babington-Ashaye Business Grant.
E. I understand and I accept that if I am awarded a Prince Adebajo Babington-Ashaye Business Grant then I will be required to participate in campaigns that boost my profile and the profile of my business and the profile of the Prince Adebajo Babington-Ashaye Business Grant.
F. I understand and I accept that any FALSE information that is provided will lead to disqualification of my application.
G. I understand and I accept that if I am selected, then I may be required to make additional commitments related to the use of the funds (i.e. that the funds must be used specifically for the business/business idea) and related to providing updates/reporting about the business activities.
Not Ready or Cannot Make the Commitments - If you are not ready or if you cannot make the required commitments or you are not eligible, then please stay connected. You may be able to participate in other activities and so please sign up to receive updates. And you can also join UPG and participate in even more activities.
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