Wema Bank and Microsoft have partnered with the National Youth Service Corps (NYSC) to provide a free training and mentorship program for all corps members who register for the NYSC-ALAT Accelerator Program. This program aims to equip youth under the NYSC with resources for skill acquisition, job acquisition, and career development in order to reduce unemployment and underemployment rates in Nigeria.
History of the Scholarships
The ALAT-NYSC Accelerator Programme, organized by Wema Bank, is designed to support and empower youth corps members during their National Youth Service Corps (NYSC) year. The programme started in 2024 as a way to give young graduates access to resources and opportunities that will help them kickstart their entrepreneurial journey.
The initiative was born out of Wema Bank's commitment to youth empowerment and development. Recognizing the potential of young graduates to drive innovation and growth in the economy, the bank saw the need to support them with the skills, knowledge, and resources they need to succeed.
The ALAT-NYSC Accelerator Programme provides participants with training, mentorship, networking opportunities, and access to funding to help them develop and grow their business ideas. The programme is structured to equip youth corps members with the tools they need to become successful entrepreneurs.
Since its inception in 2024, the ALAT-NYSC Accelerator Programme has supported numerous youth corps members in turning their business ideas into viable ventures. Participants have gone on to launch successful businesses, create jobs, and contribute to the economic development of Nigeria.
The programme has received positive feedback from participants, who have expressed gratitude for the opportunity to learn, grow, and connect with like-minded individuals. Wema Bank remains committed to supporting young entrepreneurs and contributing to the growth of the Nigerian economy through initiatives like the ALAT-NYSC Accelerator Programme.
Benefits of the scholarship
The ALAT-NYSC Accelerator Programme, organized by Wema Bank, offers a range of benefits to youth corps members participating in the program. Some of the key benefits include:
1. Entrepreneurship Training: Participants receive training in entrepreneurial skills, business development, financial management, and other relevant areas, equipping them with the knowledge and tools needed to start and run a successful business.
2. Mentorship: The programme provides participants with access to experienced mentors who can offer guidance, advice, and support as they navigate the challenges of entrepreneurship.
3. Networking Opportunities: Participants have the chance to network with fellow entrepreneurs, investors, industry experts, and other stakeholders, creating valuable connections that can open doors to partnerships, collaborations, and opportunities for growth.
4. Access to Funding: The programme may provide access to funding or investment opportunities to help participants launch or expand their business ventures.
5. Exposure and Visibility: Participants have the opportunity to showcase their business ideas, products, or services, gaining exposure and visibility within the entrepreneurial ecosystem.
6. Support and Resources: The programme offers practical support, resources, and tools to help participants develop and refine their business ideas, create business plans, and navigate the early stages of business startup.
7. Personal and Professional Development: In addition to business skills, the programme may offer personal development training to help participants build resilience, adaptability, and leadership skills.
8. Recognition and Awards: The programme may recognize outstanding participants through awards, grants, or other incentives, providing motivation and validation for their entrepreneurial efforts.
Overall, the ALAT-NYSC Accelerator Programme provides a comprehensive support system for youth corps members, empowering them to explore, develop, and launch their entrepreneurial ideas while gaining valuable skills and knowledge that will benefit them beyond their NYSC year.
Eligibility Criteria of the Scholarship
The eligibility criteria for the ALAT-NYSC Accelerator Programme 2024 offered by Wema Bank typically includes the following:
1. Participant must be a serving National Youth Service Corps (NYSC) member in Nigeria.
2. Must have an active account with Wema Bank or sign up for an ALAT account to participate in the programme.
3. Must have a viable business idea or be interested in starting a business.
4. Must demonstrate a strong passion for entrepreneurship and innovation.
5. Must be willing to actively participate in all training sessions, workshops, and networking events organized as part of the programme.
6. Must be committed to implementing the knowledge and skills acquired during the programme to develop their business idea.
7. Must possess strong communication and interpersonal skills.
8. Must be willing to collaborate and engage with other participants, mentors, and facilitators.
These are general eligibility criteria that are typically outlined by Wema Bank for their ALAT-NYSC Accelerator Programme. Specific details regarding eligibility requirements and application processes may vary from year to year, so interested NYSC members are advised to visit Wema Bank's official website or contact the bank directly for the most up-to-date information on the programme.
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The NYSC-ALAT Accelerator Programme offers access to training, mentorship, finance, and markets for corps members. This initiative is designed to provide the necessary digital skills needed to succeed in the business and corporate world. It also includes access to Microsoft's digital s popkills self-paced content for basic, intermediate, and advanced certification courses. Participants can also apply for grants, loans, and other solutions from Wema Bank, as well as job placements and career fairs.
The benefits of the programme include training by Wema Bank and its partners, access to Microsoft learning content, access to finance and markets, job placements and career fairs, and mentorship sessions with experts in various fields.
To qualify for the program, candidates must possess a bachelor's degree in any related field and be either an NYSC corps member or a graduate.
To apply for the ALAT-NYSC Accelerator Programme, interested candidates can visit the official registration portal, select the appropriate profile, choose a digital skill to develop, fill out the application form, and submit their application through the registration portal.
The NYSC-ALAT Accelerator Program offers a valuable opportunity for corps members to enhance their skills, access job opportunities, and receive mentorship to support their career development. CLICK HERE TO APPLY