Aspiring entrepreneurs now have the chance to access N3 million seed capital in the seventh edition of the Building Entrepreneurs Today (BET) initiative of Diamond Bank Plc, with the commencement of the process of selection, training and empowerment of 50 entrepreneurs under the scheme.
BET is a capacity building and business education initiative of the bank aimed at generating interest in entrepreneurship and designed to support budding entrepreneurs in Nigeria.
According to the bank, the BET initiative is run in partnership with the Enterprise Development Center (EDC) of Pan Atlantic University (PAU) to ensure that entrepreneurs in the Micro, Small and Medium Enterprises (MSMEs) are properly trained, equipped with up-to-date business knowledge and given enough capital to effectively play in the economy.
The scheme involves the selection of 50 entrepreneurs for six months entrepreneurial training programme, after which the best 15 entrepreneurs will be assigned to mentors to provide real life solutions to the mentees’ business challenges and the top five at the end of each season awarded financial grants of N3 million each as seed capital to take their business to the next level.
Diamond Bank’s Head of Corporate Communications, Chioma Afe, confirming the porgramme stated that:
“By helping entrepreneurs at the MSME sector to build capacity and providing them with seed capital, it is obvious that their chances of survival will be higher and they will be better positioned to continue to contribute to the nation’s GDP.”