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Sterling Bank Green Innovation Challenge (GIC) 2024

About Green Innovation Challenge (GIC) 2024

The Green Innovation Challenge (GIC) 2024, powered by Sterling Bank, is an opportunity designed to support startups, MSMEs, SMEs, cooperatives, and social enterprises engaged in environmental innovation. GIC aims to accelerate the transition towards sustainable solutions by providing much-needed financial backing to projects focused on agriculture, cleantech, and social enterprise.

Summary

  • Company: Sterling Bank
  • Job Title: Green Innovation Challenge (GIC) 2024
  • Job Type: Full Time
  • Qualification: SSCE/OND/BA/BSc/HND/MSC
  • Locations: Nigeria (Nationwide)
  • Deadline: 20th October, 2024

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Job Title: Green Innovation Challenge (GIC) 2024

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Overview of GIC 2024

The primary goal of GIC 2024 is to empower businesses and enterprises driving positive environmental change in Nigeria. With a focus on scalability and impact, the program connects innovators with resources to help bring their ideas to life, scale their operations, and create lasting change.

Applications are open for a wide range of organizations, including:

  • Startups and SMEs looking to scale.
  • Social enterprises and cooperatives.
  • Businesses focused on agriculture, cleantech, and social innovation.

Key Highlights:

  • Funding Opportunities: Grants and on-lending financing.
  • Eligibility: Nigerian-developed solutions with ESG and SDG alignment.
  • Application Deadline: October 20, 2024, at 2 PM.

Who Can Apply?

The challenge is open to innovators across three main categories:

1. Cleantech Innovators

  • Age Requirement: 20-45 years.
  • Grant: Up to ₦2 million for prototyping or demonstration phase solutions.
  • Financing: On-lending options up to ₦1 billion.
  • Focus Areas:
    • Battery recycling.
    • Electric vehicle (EV) digital technology.
    • Conversion of internal combustion engine (ICE) tricycles to EV.
    Additional Requirements:
    • The innovation must be in the prototype phase.
    • Clear scaling plan and viable prototypes are required.
    • Successful applicants will receive grant or financing only for the approved projects.

2. Agriculture-Based Startups

  • Age Requirement: 18-35 years.
  • Financing: Single-digit financing up to ₦20 million.
  • Focus: Technology-driven, climate-smart agricultural solutions addressing productivity and profitability across the value chain, with a focus on climate resilience and post-harvest loss prevention.
  • Additional Requirements:
    • Solutions should leverage alternative energy sources.
    • Must align with value-chain-based approaches such as production, processing, and distribution of crops or livestock.

3. Women-Led Social Enterprises

  • Age Requirement: 18-45 years.
  • Grant: Up to ₦2 million.
  • Focus Areas: Renewable energy, climate education, agriculture, and climate action.
  • Additional Requirements:
    • Must align with Environmental, Social, and Governance (ESG) principles.
    • Only women-led enterprises are eligible.

General Eligibility Criteria

Applicants must meet specific requirements to qualify for the challenge:

  1. Businesses must have operated for at least two years.
  2. Solutions must be locally developed by Nigerians for Nigeria.
  3. Innovations should align with Sustainable Development Goals (SDGs) and ESG principles.
  4. A business plan and pitch deck (or proposal for social enterprises) are required.
  5. Only one application per business or social enterprise will be accepted.

Application Process and Deadlines

The GIC 2024 application process is straightforward. Start by reviewing the eligibility criteria and the terms and conditions. Once you’ve confirmed your eligibility, submit your business plan, pitch deck, or proposal along with your completed application before the deadline of October 20, 2024, at 2 PM.

How to Apply

  • Visit the official Sterling Bank Green Innovation Challenge website.
  • Complete the application form.
  • Attach all required documentation (business plan, pitch deck, or proposal).
  • Submit your application before the deadline.

(See tips on how to write a professional CV, ATS Compliant CV and a sample cover letter.)

Important: See Helpful Career Resources

Sterling Bank Green Innovation Challenge (GIC) 2024

Sterling Bank Green Innovation Challenge (GIC) 2024

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