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Next Titans To Give N20m To Young Entrepreneurs In Season Nine

The Next Titan has announced its ninth season for young entrepreneurs looking to showcase their entrepreneurial skills with business concepts and commercial insight as part of efforts to lower unemployment in the nation.

The initiative is intended to practically engineer entrepreneurship among Nigerian youths by identifying the best business minds and fostering their entrepreneurial acumen through logistical support, informal training, knowledge, and other essential services needed to catapult them into successful individuals, according to The Next Titan’s Executive Producer, Mide Akinlaja, who was speaking at a press conference in Lagos.

According to him, the program tries to provide the most deserving businesses a boost in addition to celebrating some of the country’s top business concepts.

To inspire young, unemployed graduates to take control of their futures by using their talents to develop valves, Akinlaja claimed that people with ideas would compete and bid for their ambitions.

He stated that the auditions for this year’s edition would start in August 2022 in Port Harcourt, Abuja, Enugu, and Lagos before leading to the Top 50 Boot camp. Following Top 50 Boot camp, the 18 finalists would live together for 10 weeks while competing for an N20 million grand prize and an N5 million runner-up prize.

READ MORE: Amazon Buys One Medical For $3.9 Billion

The 10-week competition will require the contestants to demonstrate their entrepreneurial prowess through a variety of business challenges. They will also need to have very real street smarts to get through the challenges.

The significance of “The Next Titan” lies in inspiring an entrepreneurial spirit and demonstrating how business can change lives with simply an idea that can be expanded to greatness with a market and Nigeria’s population. The Show actively seeks young, talented individuals with entrepreneurial aptitude and develops them through challenging assignments, boardroom processes, mentorship, and ultimately sponsoring a winner’s proposal that provides a chance to create jobs for both the winner and others, according to Akinlaja.

According to Akinlaja, the previous winners were succeeding in their businesses and were now hiring workers to fill positions for other grads.

The majority of the contestants who did not win had turned their lessons from the program into enduring enterprises, he added, noting that they had also started their ventures in a variety of industries.

According to Akinlaja, several of the past winners and competitors had taken home the Forbes under 30 Entrepreneurs in Africa award at various points in their careers, while others had received nominations.

Investments in youth and the encouragement of entrepreneurship, according to Muyiwa Akande, Group Head, Corporate Communications, SIFAX Group, are essential for economic development.

He added that SIFAX would continue to help businesses interested in encouraging the growth of youngsters and young entrepreneurs for the future of the country, saying that the political scenario in the country today is due to the youths’ awakening to demand accountability for the country’s progress.

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Uchara Faith
Faith is a valiant writer who has an undisputed passion for writing. She has worked with many highly reputable companies as content creator, radio presenter. She has a book to her name titled ECHO OF A DISTRESSED HEART. She's goal driven oriented person.

The Next Titan has announced its ninth season for young entrepreneurs looking to showcase their entrepreneurial skills with business concepts and commercial insight as part of efforts to lower unemployment in the nation.

The initiative is intended to practically engineer entrepreneurship among Nigerian youths by identifying the best business minds and fostering their entrepreneurial acumen through logistical support, informal training, knowledge, and other essential services needed to catapult them into successful individuals, according to The Next Titan’s Executive Producer, Mide Akinlaja, who was speaking at a press conference in Lagos.

According to him, the program tries to provide the most deserving businesses a boost in addition to celebrating some of the country’s top business concepts.

To inspire young, unemployed graduates to take control of their futures by using their talents to develop valves, Akinlaja claimed that people with ideas would compete and bid for their ambitions.

He stated that the auditions for this year’s edition would start in August 2022 in Port Harcourt, Abuja, Enugu, and Lagos before leading to the Top 50 Boot camp. Following Top 50 Boot camp, the 18 finalists would live together for 10 weeks while competing for an N20 million grand prize and an N5 million runner-up prize.

READ MORE: Amazon Buys One Medical For $3.9 Billion

The 10-week competition will require the contestants to demonstrate their entrepreneurial prowess through a variety of business challenges. They will also need to have very real street smarts to get through the challenges.

The significance of “The Next Titan” lies in inspiring an entrepreneurial spirit and demonstrating how business can change lives with simply an idea that can be expanded to greatness with a market and Nigeria’s population. The Show actively seeks young, talented individuals with entrepreneurial aptitude and develops them through challenging assignments, boardroom processes, mentorship, and ultimately sponsoring a winner’s proposal that provides a chance to create jobs for both the winner and others, according to Akinlaja.

According to Akinlaja, the previous winners were succeeding in their businesses and were now hiring workers to fill positions for other grads.

The majority of the contestants who did not win had turned their lessons from the program into enduring enterprises, he added, noting that they had also started their ventures in a variety of industries.

According to Akinlaja, several of the past winners and competitors had taken home the Forbes under 30 Entrepreneurs in Africa award at various points in their careers, while others had received nominations.

Investments in youth and the encouragement of entrepreneurship, according to Muyiwa Akande, Group Head, Corporate Communications, SIFAX Group, are essential for economic development.

He added that SIFAX would continue to help businesses interested in encouraging the growth of youngsters and young entrepreneurs for the future of the country, saying that the political scenario in the country today is due to the youths’ awakening to demand accountability for the country’s progress.

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