Apply for the LBS-BOI Business Innovation Programme Cohort III
Join other selected entrepreneurs from the South-East Region of Nigeria to learn how to scale your business into the next business leader at the 9-month LBS-BOI Entrepreneurship Accelerator Programme. Embark on a transformative journey that will equip you with the knowledge, support, and connections needed to thrive and become a global industry leader in the 21st century as a Nigerian entrepreneur.
About the Business Innovation Accelerator Programme
The LBS-BOI Business Innovation Accelerator (BIA), Entrepreneurship Accelerator Programme is a collaboration between Lagos Business School (LBS) and Bank of Industry (BOI) aimed at raising the next generation of business leaders by providing high quality entrepreneurship training across the 6-geopolitical regions of Nigeria.
The programme has so far covered the South-West and North-Central Region of Nigeria in the first two cohorts. This new cohort is intended to reach 60 high impact entrepreneurs in the South East Region of Nigeria: Abia, Anambra, Ebonyi, Enugu, Imo.
The programme was established with the objective of cultivating and scaling impact-driven entrepreneurs who use for-profit business models to effectively provide solutions to address problems, while fostering positive societal transformation.
By striving to generate a category of entrepreneurs adept at problem-solving, the Accelerator programme offers a comprehensive range of training modules to ensure entrepreneurs grow and scale in a sustainable manner.
The 9-month Accelerator programme comprises of four (4) modules:
Who is this Programme for?
- Your business should be an existing business and registered with the Corporate Affairs Commission (CAC)
- Your business should be an innovative business and have significant potential to scale
- Your business should be in specific sectors especially in the Agricultural & Manufacturing industry
- Your business should be located in the South East Region of Nigeria; Abia, Anambra, Ebonyi, Enugu or Imo
- You should be physically available for first phase of the programme for 6 weeks in Lagos
Online Application: January 5th – January 31st, 2024
Interested entrepreneurs are invited to complete an online application form, providing information about their existing business.
Initial Screening: February 1st – February 9th, 2024
Upon submission, the BIA team carefully reviews the applications, assessing their suitability for the program. This includes evaluating the business concept, the entrepreneur’s background and experience, and their potential for growth and impact.
Selection Process: February 10th – February 17th, 2024
Shortlisted applicants progress to the next stage, where they undergo further assessment. This may involve interviews, presentations, or additional documentation. The selection process aims to identify the most promising entrepreneurs who align with the BIA’s mission and demonstrate the potential for significant growth and impact.
Acceptance and Onboarding: February 18th – March 3rd, 2024
Successful applicants receive an acceptance letter, warmly welcoming them into the Entrepreneurship Accelerator Program. They receive detailed information about the program, including the timeline, expectations, and any pre-program preparations required. Additionally, they are introduced to the BIA support network and valuable resources available to them.
Programme Commencement: March 4th, 2024
The Entrepreneurship Accelerator Program officially begins on a specified date. Selected entrepreneurs participate in a comprehensive range of training sessions, workshops, mentorship programs, networking events, and other activities meticulously designed to enhance their entrepreneurial skills, deepen their business knowledge, and provide access to essential resources.
Throughout the program, the BIA team ensures continuous support and guidance for entrepreneurs. This includes regular check-ins, one-on-one coaching, access to industry experts and mentors, and opportunities for collaboration with other program participants. Furthermore, entrepreneurs gain access to relevant resources, tools, and networks, empowering them to navigate challenges and maximize their business potential.
Join the next cohort of the Business Innovation Accelerator programme to access high quality business management training, mentorship and funding.
Frequently Asked Questions
Answers to Your Burning Questions: Frequently Asked Questions about the Entrepreneurship Development Program
Answer: The LBS-BOI Business Innovation Accelerator (BIA) is intended to train and develop impact–driven entrepreneurs who will generate profitable business initiatives aimed at solving social and/or environmental problems. The Centre will consequently accelerate the transformation of society, empower people financially, alleviate poverty, create jobs and ultimately create wealth, while boosting national socio-economic development.
Answer: To apply for the BIA Entrepreneurship Accelerator Programme, visit our website at https://bia.lbs.edu.ng/ and navigate to the “Apply Now” page. Fill out the application forms with your details and submit online.
Answer: The programme is open to promising entrepreneurs across the six geopolitical zones in Nigeria who have existing innovative businesses in specific sectors and possess significant potential to scale. Please refer to our website for detailed eligibility criteria.
Answer: The BIA Entrepreneurship Accelerator Programme is a 9-month programme consisting of four distinct phases. The programme begins with a comprehensive 6-week entrepreneurship training (Mini-MBA) to inculcate an entrepreneurial mindset aimed at helping participants to understand what it takes to build a successful and sustainable business. This is followed by 6 months of apprenticeship with leading organizations in participants’ respective industries. Participants are also provided with access to funding and access to market opportunities.
Answer: Once selected for the programme, entrepreneurs are carefully matched with mentors based on their industry, business needs, and goals. Our team ensures a compatible mentor-mentee pairing for effective support.
Answer: While the programme provides valuable training, mentorship, and networking opportunities, funding is not guaranteed. However, through the programme, you will gain valuable skills and connections that can enhance your chances of securing funding from investors or other sources. We also provide a range of resources, networking opportunities, and community events to ensure visibility for entrepreneurs from diverse backgrounds.
Answer: The programme is open to entrepreneurs across various industries. If you are an established venture seeking growth and scalability, the programme provides the necessary tools and support to help you succeed.
Answer: The Entrepreneurship Accelerator Programme at the Lagos Business School Business Innovation Accelerator is fully sponsored by the Bank of Industry.