Stanbic Bank flags off 7th edition of National Schools Championship
Kampala: The acclaimed Stanbic Bank Uganda annual National Schools’ Championship (NSC) is back, and participants have up to March 8, 2022 to submit their business idea entries to stand a chance of winning grand prizes worth over UGX 60 million.
At least 60, 000 students from more than 100 Ugandan secondary schools are expected to participate in the months’ long grueling enterprise challenge that will climax in October with outstanding business ideas standing a chance of being linked to investors on top of winning expensive prizes from the bank.
Now in its seventh year, the 2022 NSC is running under the theme ‘Empowering the Job Creators of Tomorrow’ and will encourage participants to pitch especially climate smart business ideas in line with Stanbic Bank Uganda’s sustainability strategy.
“We are empowering job creators of tomorrow, but we also want to see them address global challenges such as climate change—that way, we can count on a generation of entrepreneurs that appreciate the importance of doing the right business, the right way,” said Cathy Adengo, Head of Business Sustainability at Stanbic Bank Uganda.
Launched in 2016, the NSC has registered growth each year from 32 schools participating in the inaugural year to over 100 (since 2020) with over 600 student business ideas generated.At least 200 businesses have since been set up from the ideas submitted—90 of the 187 actively running student-led enterprises have received capital grants from the championship investor-relations initiatives that help link bankable ideas to financing.
Four-tier competition
The Stanbic National Schools Championship is a four-tier competition involving new schools (Startup Challenge); schools with existing businesses BizGrow Challenge); alumni (AlumGrow Challenge) and teachers (TeachGrow Challenge).
Participating students will have to compete in several qualifying rounds, including attending a boot-camp after which a winner is identified at a grand finale in September.
In the bootcamp, participants are taught different skills including business plan development, product development, customer care, communication skills, branding and marketing.
Elve Nshuti, 20-year-old alumni of the programme said, “I’ve been exposed to a variety of opportunities since my participation in the competition. Last year, I was able to win Ugx1.5million capital to invest in my tech company I-Tech Africa. I’ve gained more exposure equitably to customers through the championship. I’ve learned to be responsible and empowered, valuing collaboration over division and long-term gain over short-term gain because this is how my future will be bright.” NSC Impact at a glance.
The number of schools participating has increased from 32 in 2016 to 100 schools in 2021
Number of students skilled has jumped from 96 in 2016 to 2, 300 in 2021Number of teachers skilled increased from 32 to 100 in 2016 and 2021 respectively.
Number of student business ideas generated moved from zero at the start of the championship to 600 in 2021Solar System installed in five schools, powering over 15 structures (total value Ugx100M)
Water system running in five schools (total value Ugx50m) Scholastic materials supplied to ten schools (total value Ugx45m)
Over 180 secondary schools have participated since inception Over 200 businesses set up (90 businesses have received capital grants from NSC with 187 businesses actively running).
