Home Business 234Finance introduces ”Mentor Matchup Challenge” for start-ups
234Finance introduces ”Mentor Matchup Challenge” for start-ups

234Finance introduces ”Mentor Matchup Challenge” for start-ups

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234Finance has introduced a fresh perspective on entrepreneurship with the introduction of Mentor Matchup Challenge 2.0.

234Finance.com, an online platform which promotes African entrepreneurship,  said the aim was to bridge the gap between investors and early startups in Africa’s emerging market.

At an event in Lagos, the firm  gathered established and emerging entrepreneurs or representatives of startups.

Speaking at the programme, its Managing Partner, Ezinne Nwazulu said the Mentor Matchup Challenge 2.0 was put together because of the huge knowledge gap between millennials and people of the next generation.

Shee said there was an urgent need to fix this knowledge gap for young Africans as well as provide them access to leverage practical solutions in running businesses.

Nwazulu  said: “There is an urgent need for the two groups to interact, engage and learn from each other. Knowledge they say is power. The Mentor Matchup Challenge 2.0 bridges the knowledge-gap young Africans lack access to, for practical solutions to the challenges they face in running businesses.”

She said the Mentor-Matchup Challenge 2.0, was apt as business owners are engaged in preparation and goal setting for the new year. The event was also spaced into interactive sessions, which proved to be both informative and foster practical learning.

The event started out with ‘Growing a Global Brand in Africa’s Emerging Market’, a panel discussion   moderated by communication guru Yasmin Ocansey. It provided her a window to demonstrate her expertise, which cut across communications spectrum, including broadcast journalism in both radio and television.

The panel featured JoyceeAwosika, Chief Executive Officer of Orìkí, a global agri-beauty brand; Ejike Ugwu, Financier and Head of Moneda; Bunmi George, Fitness Professional and Founder of Shredder Gang; and Buffy Okeke-Ojiudu, a Nigerian Businessman and Chief Executive Officer of the Zebra Group.

The discussion examined the role of an entrepreneur in shaping the outcomes of their startup or brand’s future and its importance of exploring emerging trends in the global economic landscape, while being equipped with the right team to build a sustainable venture.

The second session was the Mentor-Matchup Challenge. Attendees were distributed according to the following sectors: Media and Entertainment, Financial Services/Fintech, Agribusiness, E-Commerce and Energy. They were seated in the round with an assigned mentor sharing tips and responding to niggling business challenges.

A mentee was nominated from each sector to summarise learnings from the mini-sessions. The icing on the cake was having investors sit in for these sessions and share unfiltered knowledge based on their practical experiences.

Among the investors present were Ngozi Ekeoma, Managing Director/Chief Executive Officer,  Nepal Oil & Gas Services; Olu Oyinsan, Managing Partner, OUI Capital; Prince Okonkwo, Chairman Tetrazzini Foods Limited, and  Kayode Fadahunsi, Chief Executive Officer, Properis Holdings.

The funding expert, Ifedayo, Durosinmi–Etti, facilitated an inspiring talks on: “Accessing Grants For African Startup”, which happened to be the title of her book. An attendee was lucky to win it by answering a riddle session.

The judges included Joshua Okorie- Chief Executive Officer, Abile Advisory; Senami Johnson, Head, Meristem Capital; Deji Agboage- Chief Executive Officer,  BPI  Advisory and Alessia Balducci, General Manager, Seedspace.

The pitch event brought out the competitiveness in the attendees as some  were announced as the top six.

Alessia Balducci and Alex Ekeoma, Director of Geo Travel and Tours also announced the top two attendees.

Startups Ekete and NicNax, won $2,500 each equity-free grants, courtesy of Geo Travel and Tours and Nepal Oil & Gas Services Ltd.

The riddle sessions also produced two multiple winners  from the  two spa sessions from Orìkí Group and a brand new laptop from Abrott Technologies.

The Mentor-Matchup Challenge 2.0 sired from 234Finance’s mandate to promote African entrepreneurship, which was evident in the calibre of guests that participated.

The event provided a rare and valuable opportunity for budding entrepreneurs to build relationships with business people at the top of their game free of charge.

The riddle sessions also produced two multiple winners  from the  two spa sessions from Orìkí Group and a brand new laptop from Abrott Technologies.

The Mentor-Matchup Challenge 2.0 sired from 234Finance’s mandate to promote African entrepreneurship, which was evident in the calibre of guests that participated.

The event provided a rare and valuable opportunity for budding entrepreneurs to build relationships with business people at the top of their game free of charge.

 

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