Ecobank rallies Vitamalt, IMPC on Entrepreneur TV show
By TOSIN AJIRIRE
Saturday, May 3, 2008

More than 60 lucky Nigerians with small businesses or business ideas would soon have the opportunity to fully own their businesses through free financing.

This is being made possible by Africa’s leading financial brand, Ecobank Nigeria Plc and world's favourite malt drink, Vita malt, which have thrown their weight behind “The Entrepreneur”, a business TV reality programme hitting the screen across the continent any moment from now.

The Entrepreneur TV reality show is designed as a platform to invest in innovative social enterprises that will help achieve a positive social impact, alleviating poverty and empowering small businesses.

Already, the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) has endorsed “The Entrepreneur” as key partners. The series, which is the first of its kind in Nigeria, is offering a lifetime opportunity to participants with novel ideas who desire to start or grow their businesses the chance to access up to one million naira (N1m) by presenting their ideas before a board.

The Panel comprises The Chairman, The Advisor, The Banker and the Business Angel, who will scrutinize aspiring entrepreneur’s ideas for content and relevance. The candidate, who will be selected through a competitive presentation, is expected to impress the panel of four with their creativity and vision to access the needed cash.

According to Goke Dokun, Executive Director of Inspire Media Production Company (IMPC), producer of the programme, The Entrepreneur is unique in several ways.
He said: “First, it gives Nigerian micro-entrepreneurs the freedom to own their ideas, by allowing them access the required cash without interference on how they run it. Secondly, it recognises the need to further empower the Nigerian entrepreneur whom the world has acknowledged as being innovative but lacking opportunity to change his world.”

Dokun explained further thus: “Though, one million naira seems quite little, it will offer most Nigerians a head start in implementing their long envisioned business ideas, enabling them to become wealth creators and employers of labour. However, in The Entrepreneur TV series, the winner wins both his idea and the money. Instead of paying back money to the bank, Ecobank will further render free business advisory services through its SME desk.”

Interested participants are expected to register online or download hardcopy forms, which they are to submit in any branch of Ecobank nationwide after duly filing them. There will be zonal auditioning for registered participants in Lagos, Zaria, and Aba to select the 60 qualified people with business ideas that will come before The Panel. The Growing Businesses Foundation (GBF) will manage this process.

IMPC, the outfit behind the TV programme makes exciting and innovative content across a variety of platforms for a broad range of end users, produces major entertainment events for broadcasters, high profile productions and affordable series for non-terrestrial broadcasters.

Ecobank Nigeria, which in the last few years, has been in the forefront of creative talent contests among African youth was the Associate Sponsor of the maiden Idols West Africa and co-sponsor of the Big Brother Africa that rocked the continent last year.


 

 

 

 

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