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Results from Nigeria’s Business Plan Competition

40 点作者 davidiach超过 9 年前

3 条评论

awjr超过 9 年前
I think what is interesting is how they recognised a real issue in the potential for corruption&#x2F;nepotism and designed this issue out of the selection process.<p>I also think it was quite interesting how they had a preference for existing businesses from a commitment point of view (and probably to prevent corruption) and how they now think this was wrong.<p>Will be interesting to see the results form Phases 2-4.
notahacker超过 9 年前
Pity the Priceonomics article didn&#x27;t speculate on the effect of the size of the grant. According to the article the average grant size was in the region of $50k paid in tranches contingent on low-end performance targets, which is serious funding for many types of business in a country with (non PPP) per capita GDP of around $3k.<p>Whilst it&#x27;s heartening to see that these top businesses apparently didn&#x27;t waste the cash, it&#x27;s not especially surprising to see that enough free cash to pay 3 workers&#x27; entire salaries for 3 years significantly boosted the chances of the business surviving over that period.
qznc超过 9 年前
Sounds somewhat like YC done by government.