CBN Tertiary Institutions Entrepreneurship Scheme (TIES) Grant/Loan Application Form 2021/2022: cbnties.com.ng – This is to inform the general public especially graduates and undergraduates on the steps to apply or register for CBN Tertiary Institutions Entrepreneurship Scheme (TIES) Grant / Loan exercise that is currently ongoing for all to benefit from. This package is for graduates and undergraduates in all Nigeria Universities, Polytechnics and Colleges of education.
The Central Bank of Nigeria (CBN), as part of its policy measures to address rising youth unemployment and underemployment, introduces the Tertiary Institutions Entrepreneurship Scheme (TIES) to create a paradigm shift among undergraduates and graduates of Nigerian polytechnics and universities, from seeking white-collar jobs to entrepreneurship.
The CBN Tertiary Institutions Entrepreneurship Scheme (TIES) aims to provide an innovative financing model that will boost job creation, enhance entrepreneurship development, and support economic growth.
CBN TIES Features:
Eligibility:
Graduates of any Nigerian university or polytechnic within the past seven (7) years with entrepreneurial interest.
Scope of activities:
Requirements:
Apply online via the designated online portal (https://cbnties.com.ng) providing requisite information and documents, such as:
Female entrepreneurs are encouraged to apply.
Prohibition:
Trading activities shall not be eligible for financing under the Scheme.
Loan features:
Eligibility:
Start-ups, existing businesses expanding or ailing businesses.
Scope of activities:
The equity investments shall be in enterprises operating within the eligible scope of activities. Applications for participation under the window shall be through submission of application on https://cbnties.com.ng
Investment Limit:
Subject to the limit prescribed in the AgSMEIS Guidelines.
Investment Period:
NOTE: The equity investment shall be implemented under the AgSMEIS Equity window.
Polytechnics and universities in Nigeria shall compete in the national biennial entrepreneurship competition to raise awareness and visibility of entrepreneurial or technological innovations among undergraduates. Applications for participation under the Development window shall be through submission of application on https://cbnties.com.ng
Body of Experts (BoE) shall be constituted from the private and public sector to evaluate entrepreneurial and technological innovations submitted by Nigerian polytechnics and universities.
Top five (5) polytechnics and universities at the national level shall be awarded the grant prize on the recommendation of the Body of Experts (BoE).
Grant awards:
The grant shall be utilised specifically for the development of the award[1] winning innovations and to support research and development of high[1] impact projects within or around the institution’s community.
Scope of activities:
Agribusiness, information technology, creative industry and science & technology.
NOTE: The Equity Investment and Developmental (Grant) Components would commence from April 2022..
For further information on the CBN TIES guidelines and other enquiries, please visit www.cbn.gov.ng
Signed: Director, Development Finance Department
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