(AGENDAWATCHDOG) – Access Bank Plc has formally launched the second phase of its womenpreneur pitch-a-ton programme, which is part of its commitment to providing financial and entrepreneurial skills for the womenfolk, an expansion of the Womenpreneur Business Workshop, under the Bank’s women proposition, the W Initiative.
The Womenpreneur Pitch-a-ton Africa 2020 Campaign is designed to provide female-owned businesses across Africa opportunities to access finance and world-class business training as well as mentoring opportunities. This programme has been designed to create an enabling environment for female entrepreneurs to grow their businesses.
Access Bank has been a leading advocate for women’s economic empowerment in Nigeria and this is the key motivation for the ‘W’ Initiative which caters to the women economy particularly in the areas of capacity building and creating networking opportunities for women.’
The first edition of the Pitch-a-ton initiative was inaugurated last year in line with the bank’s value proposition as the No. 1 Bank of Choice for women in Nigeria, and it received a reasonable amount of applications with innovative business ideas. This year’s editition will be expanded in scope to reach out to more female entrepreneurs across Africa.
Access Bank, as a responsible financial institution with a huge presence in other African countries, intends to give the same opportunity to other female entrepreneurs in Ghana, Rwanda and Zambia as well as Sierra Leone, Gambia, & Congo to apply and participate in this year’s edition of the programme.
The Womenpreneur Pitch-a-ton Africa 2020 will provide up to N9 million financial grant and a unique capacity building program aimed at empowering women entrepreneurs. The programme is designed as a 3-month period incorporating pitching sessions and 8 weeks of mini-MBA training in collaboration with the IFC. Interested persons from Nigeria, Ghana, Zambia and Rwanda as well as with extension to Sierra Leone, Gambia, & Congo who meet the criteria are required to fill an online application. The five hundred candidates selected from this pool will then send in a sixty seconds video pitch which will be screened by a credible panel of business experts to select fifty finalists.
As part of the graduation requirements, the fifty finalists will pitch their businesses, infusing learnings from the mini-MBA and will stand an opportunity to win financial grants up to N5 million.As a leading commercial bank in Nigeria, Access Bank has made significant investments aimed at enhancing growth in the Small and Medium-size Enterprise sector. The Bank is also a major advocate for women in business through innovative offerings like the W Power Loan, a discounted financing at 15% interest per annum, for women to grow their business as well as other Business Support Services.
The Womenpreneur Pitch-a-ton is the first women-in-business support initiative of its kind in the industry.