February 26, 2021

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UnionX Innovation Challenge Union Bank Of Nigeria

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Union Bank of Nigeria (“UBN”) was established in 1917 and is one of Nigeria’s long-standing and most respected financial institutions, offering a portfolio of banking services to individuals, SMEs, commercial and corporate clients. With a robust geographical network comprising more than 284 service centres and over 934+ ATMs spread across Nigeria, we have remained committed to helping individuals, families and businesses grow for nearly a century.

We are Nigeria’s most reliable and trusted banking partner. We make lives better by delivering the simplest, smartest solutions and guaranteeing the best experience every time.

The Covid-19 pandemic has changed the world as we know it, setting the stage for innovators and creative thinkers to take the lead in developing groundbreaking solutions for unprecedented challenges.

As we push through the “new normal” towards a “better normal”, businesses are looking for cutting-edge solutions that will set them apart in an increasingly competitive and complex environment.

If you are an entrepreneur in Nigeria with an exciting technology-focused Minimum Viable Product (MVP) then this is your time! Union Bank is hosting the fourth edition of the Innovation Challenge, UnionX, themed A New Discovery.

This challenge is open to innovative and creative entrepreneurs with solutions that have the potential to transform sectors that include but are not limited to Financial Technology, E-Commerce, Health, Education and Agriculture. We are looking for you.

Rules and Eligibility

Early-stage startups in Nigeria, with a business registered in Nigeria and an available, innovative Minimum Viable Product (MVP) that has the potential to transform sectors that include but are not limited to Financial Technology, E-Commerce, Health, Education and Agriculture are invited to apply.

The top 3 MVPs will receive cash prizes from Union Bank and incubation support by GreenHouse Capital, while fully engaging with Union Bank.

Prizes and Incubation

The best ideas will gain access to Union Bank’s network and its value chain to further develop their solution and scale. The top 3 startups will receive cash prizes of 2 million Naira, 1.5 Million Naira, and 1 million Naira respectively coupled with a 2-month incubation program.

The top 3 startups will also be supported with product development, distribution and business modelling geared towards potential integration to the Bank.

In addition, access to partners and mentors, alongside access to Union Bank’s customer base and employee expertise will be enjoyed by the winners.

Deadline: 27th February 2021

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