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:
1. Entrepreneurship Orientation & Business Management Training:6 weeks
2. Apprenticeship/Technical Mentoring: 6 months
3. Training on access to market - 2 weeks
4. Training on access to funding - 2 weeks
About Business Innovation Accelerator
The Business Innovation Accelerator is a leading force driving the cause of Impact Driven Entrepreneurship in Nigeria.
Subscribe for scholarship alert.
Be among the first to know whenever new Business Innovation scholarship is going on.
LBS-BOI Business Innovation Accelerator Programme
Aim and Benefits of LBS-BOI Business Innovation Accelerator Programme
Entrepreneurship Orientation & Business Management Training
Learn essential business skills and entrepreneurial orientation for sustainable growth in your business
Apprenticeship / Technical Mentoring
Develop specialized skills and gain hands-on experience from established industry leaders to excel in your industry and boost your entrepreneurial capabilities
Access To Market
Get guidance from experienced entrepreneurs on how to expand your market reach and accelerate your growth
Access To Funding
Learn and explore sustainable funding opportunities to accelerate your business growth potential
Requirements for LBS-BOI Business Innovation Accelerator Programme Qualification
- 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
Interview date, Process and Venue for LBS-BOI Business Innovation Accelerator Programme
Step-by-Step Process
- 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.
- Ongoing Support:
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.
Application Deadline
January 31, 2024
How to Apply
For more details, visit Business Innovation Accelerator website.
