Applications are now open for the Babatunde-Anjous Business Idea Competition 2026, a high-impact platform for Nigerian entrepreneurs to pitch innovative ideas and win up to ₦2 million in grant prizes.
Organized in collaboration with the Lagos Business School Business Innovation Accelerator, this competition is designed to identify bold, scalable solutions to pressing societal challenges in Nigeria.
About the Competition
The Babatunde-Anjous Business Idea Competition is part of the broader Business Innovation Accelerator (BIA) initiative, which focuses on developing impact-driven entrepreneurs capable of transforming Nigeria’s economy through innovation.
The competition provides a platform for entrepreneurs to present business ideas that solve real-world problems, with opportunities for funding, mentorship, and exposure to investors and industry leaders.
Participants will also get the chance to pitch live at the Babatunde-Anjous Entrepreneurship Day event.
Grant Prizes and Benefits
Selected participants will gain access to:
Up to ₦2 million in grant funding for winning ideas
Opportunity to pitch to investors and industry experts
Exposure to business leaders and decision-makers
Access to mentorship and entrepreneurial support
Participation in a high-profile entrepreneurship event
Top applicants will be shortlisted to present their ideas at a live pitch session.
What the Organizers Are Looking For
Applicants are expected to submit innovative, practical, and scalable business ideas that address key challenges in Nigeria.
Submissions should typically include:
Problem statement
Proposed solution
Business model
Feasibility and implementation plan
Profitability and sustainability strategy
Ideas with strong social impact and scalability potential are highly encouraged.
Eligibility Criteria
To apply for the competition, applicants should:
Be Nigerian entrepreneurs or aspiring founders
Have a viable business idea or early-stage startup
Be able to clearly articulate the impact and scalability of their idea
Be available to pitch if shortlisted
The competition is open to individuals passionate about solving real societal problems through business innovation.
Shortlisted candidates will pitch live at the Entrepreneurship Day event scheduled for April 30, 2026.
Step-by-Step Guide to Apply
Follow these steps to successfully apply:
Step 1: Visit the Application Portal
Start your application here:
Apply here: https://bia.lbs.edu.ng/pitch-submissions/
Step 2: Prepare Your Business Proposal
Create a presentation (typically PowerPoint, max 8 slides) covering your idea.
Step 3: Include Key Business Elements
Ensure your submission includes problem, solution, feasibility, and business model.
Step 4: Complete the Online Form
Fill in your personal and business details on the portal.
Step 5: Upload Your Proposal
Attach your pitch deck or business proposal document.
Step 6: Submit Your Application
Review all details carefully before final submission.
Step 7: Prepare for Pitching
If shortlisted, get ready to present your idea at the live event.
Why You Should Apply
The Babatunde-Anjous Business Idea Competition offers more than just funding—it provides a platform to validate your idea, gain exposure, and connect with key stakeholders in Nigeria’s entrepreneurial ecosystem.
For early-stage founders, this is a valuable opportunity to refine ideas, access mentorship, and attract potential investors.