Diamond Bank Plc has announce the launch of Season 5 of the Building Entrepreneurs Today (BET5) programme, a Corporate Social Responsibility initiative aimed at enhancing the productive strength of Nigerian entrepreneurs through capacity building.
The initiative, which is a core component of the Bank’s Corporate Social Responsibility (CSR), enables each of the businesses that presents outstanding performance to receive N3 million grant that would be injected into their respective operations for expansion and product consolidation.
According to the Bank’s Head of Corporate Communications, Ayona Trimnell, the initiative is aimed at assisting MSME stakeholders gain up-to-date knowledge of business management through rigorous training and mentorship, which will empower them to run their respective businesses successfully and remain competitive in the marketplace.
“Since 2010, we have partnered with the Enterprise Development Centre (EDC) of the Pan Atlantic University in training and nurturing Micro, Small and Medium Scale businesses under this annual capacity building and business education project which involves the training of fifty budding entrepreneurs over a period of six (6) months after which the top five (5) entrepreneurs are awarded Three Million Naira (N 3,000,000) grants to take their businesses to the next level. This initiative has contributed immensely in helping to refine and strengthen the business acumen of a pool of MSME operators as well as creating enduring wealth and employment in the country”.
According to Mrs. Trimnell, this year’s BET programme has been streamlined to focus mainly on Fashion and Lifestyle, Agriculture and Information and Communication Technology, pointing that the ripple effect of increased economic activity on these sectors has remained monumental on the economy.
Tagged “Pitch In 60 Seconds’’, the programme expects MSME operators who are applying to be considered for the training and grant, to submit a 60 seconds video clip showing them ‘’pitching their business idea’’ to the public. For objectivity, the audience or viewers will be invited to vote for their favourite business idea(s). The businesses with the highest votes qualifies for the next round of selection.
Application for this year’s edition of BET is scheduled to commence on June 16, 2015 and is open to the general public. To apply, please visit: www.diamondbankbet.com for more information.