About BET

Building Entrepreneurs Today

The Building Entrepreneurs Today (BET) is a programme designed to support budding entrepreneurs. Every year, 50 entrepreneurs are selected from the pool of the numerous applications received and these entrepreneurs undergo a six (6) months intensive entrepreneurial/business training. At the end of the training period, the Top five (5) Entrepreneurs are awarded financial grants as seed capital for taking their business to the next level.

Now in its sixth edition, the BET programme has developed a brand personality of its own and has attained both local and international recognition. Last season, one of the Top 5 winners was featured on African Voices (a programme on CNN), thus giving huge brand visibility to the BET initiative and the Bank.

This year’s edition has been streamlined to 3 key sectors; Education, Healthcare and Agriculture. These threesectors are important for any growing economy and providing capacity training and financial support for entrepreneurs in these sectors will impact the economy significantly especially as the country takes significant steps to diversify the economy and grow the non-oil sector.

One of the aims of this year’s BET edition is to re-affirm the value of quality education and healthcare systems and also to discover how alternative approaches in the provision and management of quality education and healthcare could be harnessed.

Other benefits of this impactful initiative which has also become a reference point for other industry counterparts include:

  • It creates a strong business benefit for our MSME/Retail strategy
  • It positions the Bank as a great supporter of emerging businesses
  • It increases brand loyalty amongst customers and non–customers by driving high level visibility across different platforms

For more information, please send an email to: corporatecomms@diamondbank.com

Enterprise Development Centre

The Enterprise Development Centre (EDC) is a leading enterprise centre in Nigeria and indeed within the African continent. Established as a University connected enterprise center in 2003, EDC is a unit of the Pan-Atlantic University – www.pau.edu.ng that provides a holistic approach to enterprise development (www.edc.edu.ng)

The University Management Council which is being chaired by the Vice-Chancellor, ensures the development and implementation of the Strategic Plan, annual objectives and financial budgets of the University. It also has responsibility for the day to day management and administration of the University. The Director of the EDC, Mr. Peter Bamkole is a member of the University Management Council. Other members include the Bursar, Registrar and Deans of the various schools.

In the last 12years, the Enterprise Development Centre (EDC) of the Pan-Atlantic University has engaged various stakeholders with diverse interest but unified objective for the SME sector. From research to Policy, from teaching to practice, from services to enterprise promotion, EDC remains a firm believer of an integrated approach to SME development.

Financial Institutions

EDC has partnered with various financial institutions within and outside of Nigeria, with the central objective of building the capacity of small businesses. Diamond Bank –Bright Ideas and Building Entrepreneurs Today (9yrs), Stanbic IBTC, – Enterprise Stories (2yrs), Access Bank – GEM (3yrs) and more recently the Bank of Industry, Heritage Bank, Ecobank and First Bank. This has increased the ability of our graduates to access bank loans and in some cases equity.

Federal Government of Nigeria

In 2011, EDC was responsible for implementing the Grooming Enterprise Leaders Project, a Federal Government initiative to build the capacity of existing business owners across the six geo political zones. The program also had as its objective, improving access to SME related information as well as drive the development of enterprise support infrastructure in Nigeria. EDC was responsible for the training of the trainers’ curriculum development and co-training of selected SMEs.

In the last 3years, EDC has been the implementing partner for the Youth Enterprise with Innovation Nigeria (YouWIN!). As the pioneer implementing partner, EDC co-conceptualized and implemented the strategic framework for the pre, training and post training component. Over 200,000 business concept notes were marked by EDC in the last 3years under YOUWIN program as well as training delivery to almost 18,000 selected applicants across 20 locations in the 6 geo political zones of Nigeria. Beyond training delivery, EDC’s ability to think laterally and move swiftly enabled the record deployment of data capturing to all locations. These experiences and track record have made EDC develop structures and competencies to operate nationally.

Partnership with International Organizations

EDC has a long standing relationship with the International Finance Corporation (IFC), being the administrator of the Nigerian SME Toolkit portal in over a decade. EDC has been responsible for the development, localization and content provision on the portal. EDC is also a Business Edge Franchisee, a training methodology designed by the IFC for Small and Growing Businesses.

EDC has deep experience working with the World Bank and similar institutions. Apart from supporting initial research conducted by EDC in the MSME sector, EDC is currently working with the World Bank on the WomenX project- This pilot project is being implemented in Nigeria and Pakistan. The project aims to develop the capacity of 500 women over 3years in business and entrepreneurial management, using a blending learning approach. This project exposes the women to experiential learning using technology. The project commenced in September 2014 and is currently being implemented in Lagos (for the South) and Abuja (for the North)

Enterprise Development Centre was also the academic and implementation partner for Nigeria and Liberia under the Goldman Sachs 10,000women initiative. The GS 10,000 Women initiative was launched in 2008 by the Goldman Sachs Foundation, providing 10,000 women from across 43 countries with business and management education, mentoring and networking over a period of 5years. EDC built the capacity of 450 women across Nigeria as well as developed and co-taught for scholars in Liberia.

Beyond developing the capacity of women entrepreneurs and startups, EDC has considerable experience working in the creative sector having partnered with British Council to train young people in the creative industry in Nigeria.

The African American Institute and The Coca Cola Africa Foundation provided the platform in Sub Saharan Africa to develop the capacities of social entrepreneurs and non for profit organizations. This program- the Social Sector Program is a certificate program conceptualized and deployed by EDC and has graduated 160 social entrepreneurs/non-profits in 4 years. The blended learning version of the program will commence later this year.

EDC aims at being a leading enterprise centre not only in Nigeria but within the African continent. EDC’s flagship program “Certificate in Entrepreneurial Management” has been delivered to over 70% of the 2,200 strong alumni SMEs.

Our approach and model of building and supporting entrepreneurs in a systematic way makes outcome more predictable. Based on the success of this model, the International Finance Corporation (IFC), the private arm of the World Bank, supported the replication of EDC in Sub Saharan Africa. The replication project of the EDC model was implemented in Four African Countries (Ghana, Kenya, Rwanda and Tanzania). Apart from training, this model provides support structure for entrepreneurs on an on-going basis.