Lagos, Nigeria – March 2025 – Innovate, a leading non-governmental organization and an initiative of Crosspoint Church, has announced the third edition of its Pitch & Grant program, aimed at empowering Nigerian entrepreneurs. With Credit Direct as the headline sponsor, this year’s competition will award $2,000 to the most innovative and promising business venture.
Building on the success of previous editions, Innovate remains committed to fostering entrepreneurship and innovation among young Nigerians by providing critical financial and mentorship support to startups and small businesses.
“Our mission remains steadfast—to empower the next generation of Nigerian entrepreneurs by equipping them with the resources they need to succeed,” said Ladi Soyombo, Founder and Convener of Innovate.
“We believe in the power of innovation to drive positive change, and through this Pitch & Grant program, we aim to accelerate the growth of impactful businesses across Nigeria.”
Program Highlights & Application Details
The application portal for this year’s Pitch & Grant program opens on March 1, 2025, and closes on March 23, 2025. Interested entrepreneurs can apply by visiting www.cpinnovate.org and completing the application form.
A panel of industry experts will assess applications based on innovation, market potential, sustainability, and impact. Shortlisted applicants will be notified via email and invited to pitch their business ideas before the panel.
A Legacy of Success
Last year’s edition witnessed OneGrid Energies—a startup that recycles waste plastic bottles into low-cost rechargeable lanterns—winning the $2,000 grand prize. The event attracted entrepreneurs from across Nigeria, with six finalists presenting groundbreaking business ideas.
The program has also featured distinguished industry leaders as facilitators and panelists, including:
Olumide Soyombo (Co-founder, Bluechip Technologies & Voltron Capital)
Adia Sohwo (Chief Marketing Officer, MTN Nigeria)
Joshua Chibueze (Co-founder, Piggyvest)
Beyond Funding: Building a Thriving Entrepreneurial Community
More than just a funding opportunity, Innovate fosters a strong community of entrepreneurs, offering mentorship, networking, and expert guidance to help businesses grow sustainably. The initiative is rooted in values of love, excellence, and community, with a vision to empower young entrepreneurs through education, mentorship, and access to resources.
For updates and additional information, follow @cpinnovate on Instagram or visit www.cpinnovate.org.
About Innovate
Innovate is an initiative of Crosspoint Church, dedicated to equipping young entrepreneurs and professionals with essential skills for business success and personal fulfillment. Through various programs, Innovate promotes entrepreneurial excellence, social cohesion, and youth empowerment, fostering a new generation of impact-driven leaders.
