The 2020 edition of the DAAYTA entrepreneurship application process put together by ARM and TechnoVision has begun.
DAAYTA, which is short for Deji Alli ARM Young Talent Award, was inaugurated in 2015 as a way of recognising the founding CEO of Asset and Resources Management Holding Company Limited (ARM).
The entrepreneurship award looks out for young entrepreneurs with business ideas that have value and are feasible.
Applying for DAAYTA?
Applicants are required to apply through the portal here.
TechNext examined some of the previous DAAYTA winners, focusing on the 2019 winner, and we found some threads that ran through all.
The business venture that is submitted must have at its core a problem that regular Nigerians face and are familiar with. This is evident in the case of the 2019 winner whose business venture “WeSabi” got selected.
According to Mukhtar Sanni, the founder of the venture, WeSabi was a direct response to the frustration of not being able to contact artisans like electricians, cleaners, plumbers and others, when he needed them for his new house.
He realised that this was a problem faced by many people in Nigeria and created a solution that didn’t only work for him, but keeps working for more people everyday, including organisations.
The venture should add value to the community by creating employment for others directly and indirectly. The 2016 winner, through his venture, creates more indirect revenue and employment for pharmacies and logistics workers .
The solution required for the problem should be easily accessible to Nigerians. Whether it is a USSD code, a mobile app, MoMo agents, web application, the solution should be accessible easily to the target audience.
Applicants to the DAAYTA 2020 Programme are to propose practical solutions with a credible business plan for profit-making ventures that have the potential of generating significant, measurable and sustainable social impact while tackling the specific challenges identified.
Applications are opened till November 17, 2019 and shortlisted candidates will be contacted to pitch their business ideas to a closed group of business professionals, entrepreneurs, and investors in Lagos on a select date.
The winner of DAAYTA 2020 Programme will, subject to the Terms & Conditions, receive funding of N12,000,000 (twelve million Naira) over a one (1) year period for the following purposes:
- To develop the business plan;
- Complete a 5-month entrepreneurial education at the Pan Atlantic University’s Enterprise Development Centre in Lagos, Nigeria;
- Receive a 5-month support for development of their venture idea through incubation by a reputable entrepreneurial hub in Lagos, Nigeria.
What do ARM and TechnoVision do exactly?
Established in 1994 as an asset management firm, ARM has evolved into one of Nigeria’s most innovative and respected non-bank financial institutions with a focus on Traditional Asset Management and Specialised Funds.
ARM provides a diverse range of asset management services to a substantial and diversified client base that includes corporations, foundations and charities, high net-worth individuals, and small savers.
TechnoVision is the brand name for TechnoVision Communications Limited, a technology services company which advises clients on technology-led transformation and early stage entrepreneurship in Africa.
Get the best of Africa’s daily tech to your inbox – first thing every morning.
Join the community now!