DBN Entrepreneurship Program: Are you looking to grow your business with skills and funds?
The DBN Entrepreneurship Training Program portal is now open to all Nigerian MSMEs who are interested in acquiring the right knowledge needed to succeed in doing business in Nigeria.
As a participant in the training program, you are eligible for a free-online business skill training as well as a grant of N500,000 to support your business venture.
In this post, the full details of the eligibility, benefits, timeline, and application procedure will be provided.
DBN Entrepreneurship Program Abstract
DBN Entrepreneurship Training Program Details
Applications are invited from suitably qualified applicants for the 2024 DBN Entrepreneurship Training Program.
Capacity building is a core mandate of the Development Bank of Nigeria, and they are committed to building the Capacity of the Nigerian MSMEs to enable them formalize, grow and become more bankable to get easy access to available credit.
This year, DBN would be deploying the DBN Learning Management System (LMS)- a free learning portal with carefully curated self-paced courses.
DBN Entrepreneurship Program Benefits
- 25 businesses will be selected to receive grant funding of N500,000 each.
In addition, DBN will be selecting the best businesses to attend a face-to-face training.
This physical session would be an opportunity for businesses to practically apply important principles to their various businesses, discuss and receive business support in specific areas of need.
All businesses will be eligible to pitch their business value proposition and some businesses will be selected to receive grant funding.
Explore more scholarship opportunities below.
DBN Entrepreneurship Program Requirements
To be eligible for the DBN Entrepreneurship Training Program, applicants must satisfy the following conditions:
- Business owner must be 18 years and above
- Business owner must be a citizen or legal resident of Nigeria
- The business must be based in Nigeria
- The business must be for profit from any sector
- Applicant must be available to commit to the training schedule once accepted
Selection Criteria for DBN Entrepreneurship Training Program
- Bankability – Level of readiness to access credit
- Feasibility and Sustainability of the business model
- Scalability – Demonstrates potential for growth of business to create jobs
Timeline
- 06-May: Registration and Online training on the DBN Biz Aid
- 10 July – 17 July: Application process for face-to-face training
- 24 July – 25 July: Selection and announcement of selected candidates
- 31 July – 04 August: Face-to-face training in Abuja
- 14 August – 18 August: Face-to-face training in Lagos
- 25 August – 01 Sept: Face-to-face training in Port Harcourt
How To Apply for DBN Entrepreneurship Program
To apply for the DBN Entrepreneurship Training Program, follow the instructions we have outlined below;
- All applications must be submitted online through the application portal.
- Interested businesses must register on the DBN BizAid application and must complete a minimum of 4 mandatory courses on the BizAid Learning management platform and obtain an average score of 70%.
The courses that must be completed are:
a. Accounting & Bookkeeping,
b. Sustainability for MSMEs,
c. Marketing and Sales Techniques,
d. Credit Management/Access to Finance.
- All businesses who have completed the 4 courses by September 23rd will receive an email with a link to apply for the face-to-face training.
- Upon submission of the application form, an email confirming receipt will be sent to the applicant within a 24-hour period.
- Applicants will be screened and shortlisted from the close of the application based on the eligibility criteria.
- Selection will be carried out using the defined selection criteria from the pool of shortlisted applications.
- Communication with successful applicants shall be by email to the email address provided and a phone call to the phone number provided on the application form.
Begin your application by clicking on the button below.
