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Union Bank 2021 Innovation Challenge (UnionX) for Entrepreneurs in Nigeria

If you are an entrepreneur in Nigeria with an exciting technology-focused Minimum Viable Product (MVP) then this is your time! Union Bank is hosting the fourth edition of the Innovation Challenge, UnionX, themed A New Discovery.

The Covid-19 pandemic has changed the world as we know it, setting the stage for innovators and creative thinkers to take the lead in developing groundbreaking solutions for unprecedented challenges.

As we push through the “new normal” towards a “better normal”, businesses are looking for cutting-edge solutions that will set them apart in an increasingly competitive and complex environment.

This challenge is open to innovative and creative entrepreneurs with solutions that have the potential to transform sectors that include but are not limited to Financial Technology, E-Commerce, Health, Education and Agriculture. We are looking for you.

Early-stage startups in Nigeria, with a business registered in Nigeria and an available, innovative Minimum Viable Product (MVP) that has the potential to transform sectors that include but are not limited to Financial Technology, E-Commerce, Health, Education and Agriculture are invited to apply.

The top 3 MVPs will receive cash prizes from Union Bank and incubation support by GreenHouse Capital, while fully engaging with Union Bank.

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About Union Bank

Union Bank of Nigeria Plc., commonly known as Union Bank of Nigeria, is a commercial bank in Nigeria. The bank has been operating in Nigeria since 1917 and is one of Nigeria's long-standing and most respected financial institutions, offering a portfolio of banking services to individuals, SMEs, commercial and corporate clients. Their vision is to be Nigeria's most reliable and trusted banking partner. Our missions to make lives better by delivering the simplest, smartest solutions and guaranteeing the best experience every time.... read more


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Union Bank Innovation Challenge (UnionX)


Aim and Benefits of Union Bank Innovation Challenge (UnionX)

The best ideas will gain access to Union Bank’s network and its value chain to further develop their solution and scale. The top 3 startups will receive cash prizes of 2 million Naira, 1.5 Million Naira, and 1 million Naira respectively coupled with a 2-month incubation program.

The top 3 startups will also be supported with product development, distribution and business modelling geared towards potential integration to the Bank.

In addition, access to partners and mentors, alongside access to Union Bank’s customer base and employee expertise will be enjoyed by the winners.


Requirements for Union Bank Innovation Challenge (UnionX) Qualification

This challenge is open to innovative and creative entrepreneurs with solutions that have the potential to transform sectors that include but are not limited to Financial Technology, E-Commerce, Health, Education and Agriculture. We are looking for you.

Early-stage startups in Nigeria, with a business registered in Nigeria and an available, innovative Minimum Viable Product (MVP) that has the potential to transform sectors that include but are not limited to Financial Technology, E-Commerce, Health, Education and Agriculture are invited to apply.


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Application Deadline

February 28, 2021


How to Apply

Interested and qualified? Go to Union Bank on vc4a.com to apply

For more details, visit Union bank website



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