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Business Recovery Programme (Youth)

  • FATE Foundation has launched the Business Recovery Programme (for youth) to support young Nigerian entrepreneurs hit by the economic impact of covid-19. The programme will run virtually all through 2021.
  • Funded by the Standard Chartered Foundation, the project is part of futuremakers by Standard Chartered, a global initiative to tackle inequality. FATE Foundation aims to support 2,000 young entrepreneurs. Micro, small and medium enterprise (MSME) businesses have a crucial role to play in economic recoveries post-COVID and ensuring support of a diverse range of young entrepreneurs will contribute towards a richer, more varied and more resilient economy for everyone.
  • FATE Foundation will provide a holistic package of support including Digital Transformation Workshop, Resilience Building Series, and Remote Consulting & Advisory services to be delivered virtually to 2000 entrepreneurs across Nigeria. We will specifically target underserved entrepreneurs between the ages of 18-35 who have been hardest hit by the crisis. The key target segments are:
    • Young entrepreneurs (between the ages of 18-35)
    • Female entrepreneurs (a minimum of 50% will be targeted)
    • Micro-entrepreneurs (as defined by the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) – businesses that have less than 10 employees and are valued at less than 5 million Naira).

The Resilience Building Workshops are free and will involve remote learning and virtual capacity building programmes to teach strategies to navigate through the crisis and evolve their businesses as they identify new opportunities along the way. Apart from having general sessions on topics that cut across targeted demographics, it should be noted that programme design will be largely facilitator-led and structured according to target group dynamics, channel accessibility and maybe segmented to target business types, business stages, sectors and value chains. 

Key Course Themes will include: 

  • Understanding the Evolving Business Environment
  • Business Model Realignments
  • Market Strategy
  • Financial Planning
  • Revenue Generation

The course duration will be for a period of 3-4 weeks with 5-6  hours contact time per week. 

 

WORKSHOP DETAILS

  • Entire training duration: 4 weeks
  • Weekly (Fridays)
  • Time: 10:00am – 2:00pm daily
  • No. of contact hours: 16/workshop stream
  • Class size: 40 unique youth entrepreneurs
  • Delivery Format/Platform: Workshop style/ Zoom (Virtual Learning)
  • Training Fee: FREE

The Digital Transformation workshops are free and will focus on supporting our entrepreneurs with essential digital strategies, knowledge, skills, and tools to manage their businesses at this time. Through combined workshops or separate focus sessions the curriculum will provide guidelines for on easing the digital technology transformation process whilst maintaining business value add and achieving customer satisfaction. Key course topics will include:

  • Digital Transformation Strategies
  • Setting up ECommerce Channels
  • Facebook, Instagram & WhatsApp for Business
  • Google my Business
  • Tools/Credits/Softwares and Opportunities available for Small Businesses

The course duration will be for a period of 3-4 weeks with 5-6  hours contact time per week. 

 

WORKSHOP DETAILS

  • Entire training duration: 4 weeks
  • Weekly (Wednesdays)
  • Time: 10:00am – 2:00pm daily
  • No. of contact hours: 16/workshop stream
  • Class size: 40 unique youth entrepreneurs
  • Delivery Format/Platform: Workshop style/ Zoom (Virtual Learning)
  • Training Fee: FREE

Prior to COVID-19, FATE Foundation has been running a successful physical/personalized business advisory programme called Consulting clinics over the years. The Consulting Clinic is a personalized business advisory session which has been successfully run over the years focusing on major business areas such as tax, digital marketing, Accounting/Cash flow management/finance, HR, legal matters, etc and entrepreneurs will sign up for it based on their area of needs. 

As a result of the COVID 19 pandemic and the need to continue to ensure this continues through video communication/collaborative tools and apps.

Free Consulting Clinics:

This programme is designed to run Free weekly consulting clinics at least two (2) days a week with dedicated mobile lines (using voice and WhatsApp business lines) to serve as helplines for entrepreneurs to:

  • Receive up-to-date support and advice including financial planning and management;
  • Get guidance on how to access the financial-economic stimulus packages that governments and development partners are setting up; and
  • Provide guidance on key need areas particularly, finance, accounting, tax and legal.

We will recognise that a lot of these services will require linkages with service providers and consultants and have established relationships with reputable professional service providers to connect our entrepreneurs with. 

 

WORKSHOP DETAILS

  • Entire Consulting duration: 4 weeks
  • Weekly (Tuesdays & Thursdays)
  • Time: 10:00am – 2:00pm daily
  • No. of contact hours: 16/workshop stream
  • Consulting Style/Platform:  One-on-one/ Zoom (Virtual Learning)
  • Consulting Fee: FREE

Enabling funding linkages with financing providers will be a strong component of this programme. To date, FATE Foundation through her Growth Support Services unit has directly supported over 400 entrepreneurs in applying for programmes like the CBN AGSMEISS and the CBN Economic Stimulus loan plan.

Through our Funding linkages, we will be able to build on existing programmes to ensure stronger institutional linkages with development partners, development finance institutions, banks/microfinance banks, angel investors and other forms of lending support to access the following:

  • Grants
  • Loans at reasonable rates
  • Angel and Equity Investments
STATES
  • Lagos

  • Rivers

  • Osun

  • Abuja

  • Edo

  • Kwara

  • Ondo

  • Oyo

  • Abia

  • Kano
CRITERIA
  • Age (18-35yrs) with an existing/operational/trading business(es)

  • Business location (Any of the highlighted states above)
WORKSHOP DETAILS
  • Entire training duration: 4 weeks

  • Weekly: (Tuesday - Fridays)

  • Time: 10:00am - 2:00pm daily

  • No. of contact hours: 16/workshop stream

  • Class size: 40 unique female entrepreneurs

  • Delivery Format/Platform: Workshop style/ Zoom (Virtual Learning)

  • Training Fee: FREE
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