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Union Bank Centenary Innovation Challenge for SDG Ideas (Cash Prize N4.5million)

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Union Bank, one of Nigeria’s most respected financial institutions, has kicked off celebrations to mark its 100th anniversary in Nigeria having been established in 1917. The bank has embarked on a transformation programme to reposition Union Bank with the objective of becoming a leading provider of quality financial services in Nigeria.

Given our long standing service to individuals and communities, Union Bank understands that partnership and pragmatism are needed to make the right choices to improve life, in a sustainable way, for future generations. The Sustainable Development Goals which are a universal call to action to end poverty, hunger, improve health & education is an ambitious goal that resonates with us.

The innovation challenge will engage eligible young and talented people across Nigeria to submit novel ideas that address some of the Sustainable Development Goals (SDGs) that are of immediate interest to Union Bank. We will encourage applicants to propose innovative ideas that solve fundamental social and commercial challenges faced by Nigerians in a range of sectors starting in one community but potentially scalable across the nation.

We are looking for your innovative ideas to address the biggest problems affecting how people live, work, socialise and do business in Nigeria. In particular, we are looking for great ideas that improve financial inclusion, agriculture and education of Nigerians.

We invite entries from ALL eligible Nigerians particularly university students, software developers, academics and entrepreneurs from across the six geopolitical zones.

Who can Participate?

Individuals and partnerships (of not more than 3 persons) from university students, software developers, academics and entrepreneurs in Nigeria.

Stages of the Challenge

The competition will run in the following stages:

Call for Ideas | 12th April – 19th May, 2017

Idea Sprint Workshops | 18th April – 9th May, 2017

Pitch Preparation | 2nd June – 20th June, 2017

Pitching Session & Selection of Winners | 27th June, 2017

Incubation | 30th June – 15th December, 2017

Winners will be contacted by email in May. Due to the volume of submissions anticipated, only semi-finalists (top 10 ideas) will be notified once selection has taken place.


The top 3 selected ideas will attract immediate cash prizes and further incubation support via the Co-Creation Hub (CcHUB) incubation services with full engagement with Union Bank.

Click here for information

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