Accelerate Labs is a program brought to you by the Future Project and powered by Microsoft.
The project aims to empower youths to develop empathy, find clarity of purpose and the needed resources in form of technology, training, knowledge, mentors and seed funding required for them to build socially responsible enterprises in their communities.
- Are You Working on a project? Or an idea?
- Do You Think Your Startup is Profitable Enough to Sustain?
- Does Your Startup Make a Positive Difference in People’s Lives?
- Does Your Idea have a Market?
Then, look no further because Accelerate Labs is here to make something beautiful together with you.
The goal of this project is to equip 2,500 youths across the 6 Geo-political zones in Nigeria by building socially inclined, high profit, and highly competitive enterprise capable of impacting the GDP.
According to the National Bureau of Statistics (NBS), Nigeria. it is recorded that out of total youth labor force of 38.2 million representing 48.7% of total labor force in Nigeria of 78.48 million.
A total of 15.2million of them were either unemployed or underemployed in the Q1 (first quarter) of 2016, representing a youth unemployment rate of 42.24%.
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This leaves unemployment rate high and having young people practically with no opportunities to participate in the markets; an irony in a predominantly youth nation.
Over the years, it has become obvious that the development of a nation is hinged on its younger generation; therefore, Accelerate LABS have come to activate the small and medium scale engine to accelerate economic development through enterprise development and technology incubation.
The Accelerate Labs project plan is to equip 2,160 Nigerian youths across the 6 geopolitical zones by building socially inclined, high profit, and highly competitive enterprise capable of impacting the Gross Domestic Product (GDP) of the country.
At Accelerate Labs, we don’t just help in funding business ideas and promote nation building, we also aim at aiding youths to reach their full potential, through seminars/mentoring/research and practice.
The Future project is expanding on accelerate LABS to build and empower young citizens that are willing to contribute to the development in Nigeria.
With the new businesses that will be supported through training and mentorship, there are immense opportunities to create jobs and also provide young entrepreneurs wider access to useful knowledge and strategies in building more successful businesses.
What you stand to gain from the program
- Access to capital funding
- Business training
- Exposure to investors and other business partners
- Technology integration
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The application is open to everybody who has interest in developing is his business idea and making it work for the betterment and development of our beloved country.
Registration is 100% FREE
For more information on how to register… Visit the Official webpage here to apply