The ARENA gives N1,000,000 grant
The Arena is a platform for youths to meet periodically for cross-fertilization of ideas, ask critical questions, discuss personal, social, economic, and political development issues.
Powered by the duo of Paddy Anyatonwu and Chinenye Nwaogu, the Arena is an ideation, incubation, and mentoring platform with no hold-bar interactions.
The Arena will in addition run periodical business and innovation pitching contests for the smartest and brightest youths, who require an injection of seed capital into their businesses.
The Arena will adopt the Angel/ Crowdfunding models by soliciting support from interested members of the public to support youths with smart and innovative business ideas.
This support can come by way of grants or investments.
It will be open and transparent.
To this end and against the backdrop of our recent outing with the Abia youths at Aba and Umuahia recently, we have come to the realization that huge talents abound in Abia State.
To respond to this, Chinenye Nwaogu and Paddy Anyatonwu will solicit for funds from the good people of Abia State within and in the diaspora to be paid to a dedicated account in one of the Nigerian banks.
We shall thus call on young Abians, who are hitherto running business ventures for a PITCH before a panel.
The entrepreneur with clarity and measurable business vision will be gifted with N1,000,000 instantly.
(We may have the audience live and virtual to vote for the contestants).
The pitching will be streamed live on social media platforms.
All funds donated to the account will be published publicly to ensure transparency.
All beneficiaries will provide quarterly reports of their business activities for 2 years.
Volunteer mentors will follow up with beneficiaries to ensure that they are following through with their business expansion and development goals.
To us, this is more sustainable and will in turn spur others to tow the path honour.
For the Arena.