Tertiary Institutions Entrepreneurship Empowerment Shortlisted Candidate 2022/ Download PDF

by

Tertiary Institutions Entrepreneurship Empowerment Shortlisted Candidate 2022, List of shortlisted Candidate is out, On that note, If you had applied for the Tertiary Institutions Entrepreneurship Scheme (TIES) either as a Sole Proprietorship or Small Company / Enterprise, Check your name now to proceed to the next stage of the application. Click here

Tertiary Institutions Entrepreneurship Scheme (TIES) is an initiative targeted at empowering graduates of Nigerian Polytechnics and Universities with entrepreneurial skills for Entrepreneurship development, Economic development and Job creation.

If you did not apply, Click Here and submit your application Form before is too late. The CBN will never charge you or ask you to pay to submit your loan application or to access the loan.

Term Loans:

This shall be in the form of soft business loans. Only graduates of Nigerian polytechnics and universities that have undergone entrepreneurship training shall be eligible to participate under this Component.

Tier 1 – Sole Proprietorship: 

  • Description: For sole proprietorship businesses, limited liability companies and small companies as defined by CAMA
  • Tenor: 5 years
  • Loan Limit: N5 million
  • Interest Rate: 5% from now to February 28, 2022 ( and 9% from March 1, 2022)
  • Moratorium: Maximum of 12 months (dependent on type of business)

Click Here

Tier 2 – Small Company / Enterprise:

  • Description: For Partnerships registered either as Limited Liability Companies and Small Companies as defined by CAMA
  • Tenor: 5 years
  • Loan Limit: N25 million
  • Interest Rate: 5% from now to February 28, 2022 ( and 9% from March 1, 2022)
  • Moratorium: Maximum of 12 months (dependent on type of business)

Click Here

Requirements:

The group shall apply as a business entity registered with the Corporate Affairs Commission (CAC) and certified true copies (CTC) of relevant forms submitted.

  1. Bank Verification Number (BVN);
  2. Verified first degree certificate (BSc/HND or its equivalent);
  3. Verified National Youth Service Certificate (NYSC) discharge or exemption certificate;
  4. Certificate issued by polytechnics and universities evidencing entrepreneurship training;
  5. Duly signed Global Standing Instruction (GSI);
  6. Third party guarantee: a senior federal/state civil or public servant, clergy, recognised traditional ruler, professionals (lawyers, doctors, accountants etc.), confirmed staff of established companies.

Related:

Tertiary Institutions Entrepreneurship Scheme (TIES) Shortlisted Candidate 2022:

The Grant shall be accessible by Nigerian polytechnics and universities through a biennial national entrepreneurship competition aimed at raising awareness and visibility of high-impact start-up ideas among undergraduates, promote entrepreneurial talent hunts in Nigerian polytechnics and universities and encourage innovations that are commercially viable and with transformational impact.

The top five (5) Nigerian polytechnics and universities with the best entrepreneurial pitches/ideas shall be awarded as follows:

1 First place N250.0 million;
2 Second place N150.0 million;
3 Third place N100.0 million;
4 Fourth place N75.0 million; and;
5 Fifth place N50.0 million.

Check your name in the following gran area:

  1. Agribusiness;  Click here
  2. Information technology; Click here
  3. Creative industry; and Click here
  4. Science and technology Click here

Note: The Authority of the Tertiary Institutions Entrepreneurship Scheme (TIES) is preparing to send messages to successful candidate those that meet the criteria of the Grant,, via SMS and Email used during registration.

For more information: Visit  TIES

Leave a Comment