Zenith Bank to Award N59 million to Young Innovators via Zecathon

Zecathon 3.0 by Zenith Bank Application Form is open for Award of N59 million to Young Innovators via Zecathon Programme – register online here. Apply now for Zenith Bank Award of N59 million to Young Innovators.

All you need to know about Zecathon 3.0 by Zenith Bank Application Form

Zenith Bank has announced that it would award N59 million to startups in Nigeria
The bank said the programme tagged Zecathon 3.0 will see young Nigerian innovators present their ideas
It said that interested participants will also participate in future training by Seedstars

One of Nigeria’s tier-1 banks, Zenith Bank, announced that it will award N59 million to Nigerian startups through its pitch competition tagged Zecathon 3.0, where young Nigerian innovators will present their ideas and be rewarded for their inventions.

The initiative, organized in partnership with the accelerator company Seedstarts, would also give business support to its participants via training, mentorship, and investor networking opportunities, enabling startups to achieve growth.

Requirements/Eligibility for Zenith Bank to Award N59 million to Young Innovators via Zecathon

The bank stated that the programme would shape the future of business in Africa.

According to the statement by the bank, the startups looking to participate should be at the MVP stage with a whole team and have raised about %75,000 in funding. Also, the startups must operate within retail, e-commerce, payments, lending, wellness, cybersecurity, EdTech, energy, AgricTech, entertainment, transport and logistics, and SMEs.

The bank’s Executive Director, Temitope Fasoranti, said that the programme follows the success of previous programmes, stating that it aims to lift startups using technology to address present-day challenges.

Fasoranti added that winners would not only get cash rewards but gain pitch training, be part of a follow-up programme, and access Seedstars’ global network.

Benefits for Successful Beneficiaries

1st Prize: N20m– plus an opportunity to pitch investors and access the Seedstars Mentorship Hub.
2nd Prize: N15m – including a scholarship into the Seedstars mentorship hub.
3rd Prize: N10m – complemented by a scholarship into the Seedstars mentorship hub.
The subsequent 10 startups will each be granted a participatory prize of N2m.