Chivas: The Venture Nigeria Information Session 2015
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Transcript of Chivas: The Venture Nigeria Information Session 2015
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What is The Venture?
The venture was created to INSPIRE , DISCOVER and REWARD those who believe that business can be a force for GOOD.
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What is The Venture?
A global search to find & support the most promising start-ups with the potential to succeed financially and make a positive impact on the lives of
others.
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A chance to pitch for a share of The Venture's $1Million fund and have access to the tools and mentorship to accelerate their growth.
What is The Venture?
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The Venture Year 1
More than 1,000 social entrepreneurs applied, but only 16 of the best were selected to compete for $1Million in funding.
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Chipsafer ($150,000) from Uruguay who uses innovative tracking devices to transform the way farmers look after their livestock.
The Venture Year 1
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Algramo from Chile - $300,000 to further develop the pioneering food distribution enterprise.
The Venture Year 1
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SenSprout ($150,000) from Japan who aims to make farming more efficient using a wireless field-monitoring system
The Venture Year 1
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Lumkani ($75,000) from South Africa , uses technology to decrease the risk of devastating fires in informal settlements.
The Venture Year 1
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Diseclar ($75,000) from Colombia who turn waste materials into stylish furniture.
The Venture Year 1
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The Venture - Year 2
29 countries
The Local winner would represent Nigeria in the global finals on an all expense paid trip.
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Who can Participate in The Venture?
1. Social Entrepreneurs - for-profit start-up or business.
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Who can Participate in The Venture? Start-up stage
Working prototype of its concept, Demonstrable user traction, generating a maximum of
N100,000,000 in annual revenues incorporated for no more than 3 years
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Who can Participate in The Venture?
beyond the working prototype stage, significant user traction and sales, maximum of N200,000,000 in annual revenues incorporated for more than 3 years
Growth stage
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Who can Participate in The Venture?
1. Strong vision, a compelling idea and a solid business plan/ business model.
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Who can Participate in The Venture?
25 years and olderOpen to applicants ALL OVER Nigeria
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Who can NOT Participate in The Venture?
The Competition is not open for applications from businesses which:
1. is solely or primarily involve the marketing or selling of products or services to those under the age of 18 ;
2.or relates solely or primarily to the provision of or promotion of alcohol, addiction services or related products (e.g.: smoking).
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Who can NOT Participate in The Venture?
NGOs/ Not-for-profits dependent on grants.
Companies and their CSR initiatives.
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• Log on to https://www.theventure.com/ng/en/apply
• Fill in the fields to register and start your application. Applications must be submitted latest by 9th November, 2015 23:59 GMT
Application Process
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Applications are divided into 6 steps:
1. Contact information: Names, Postal Address, Role in the company etc.
Application Process
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Application Process
2. Company information: Name? Founded? Location? Registration details? Incorporated? Company idea? Problem and solution?
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3. Market and Proposition: Problem and root causes? Access to market? Unique Value proposition? Target audience? Product/Service detail? Competition?
Application Process
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4. Business model: Revenue - Current details and projections? Current commercial partnerships? Milestone achievement? Opportunity
to partner with Chivas- How?
Application Process
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5. Demonstrable impact: Social/ Ethical/ Environmental purpose? Target Audience of impact? Quantity/ Quality of social impact? Evidence of social impact? Social impact projections
Application Process
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6. Funding and The team: Total amount of funding raised? How much funding from the venture? How will it be spent? Details about your team?
Application Process
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Dates To Remember1. Application Deadline - 9th November 2015 23:59 GMT.
2. Nigeria Semi-Final Bootcamp - 4th & 5th December 2015
3. Nigeria Final - 17th December 2015
4. Global accelerator week - March/April 2016
5. Global Final (Live Event) - July 2016
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Semi-Final Bootcamp 4th & 5th December 2015
Day 1How to tell your story, How to Sell your Business Preparing your pitch
Day 2Pitch SessionSelecting the Top 5
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Final 17th December 2015
Pitch Session Selecting the Winner
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JUDGING CRITERIA1. Market opportunity and size.
2. Demonstrable impact: measurable social or environmental impact and a model that can scale.
3. Sound business model and organisational strategy.
4. Financial feasibility and sustainability: can earn revenue.
5. Skills, experience and commitment of management team.
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Dates To Remember1. Application Deadline - 9th November 2015 23:59 GMT.
2. Nigeria Semi-Final Bootcamp - 4th & 5th December 2015
3. Nigeria Final - 17th December 2015
4. Global accelerator week - March/April 2016
5. Global Final (Live Event) - July 2016
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QUESTIONS??