The 3rd edition of The Mentor Matchup Challenge held last Monday, 2nd December 2019 at the Lagos Oriental Hotel.
The Mentor Matchup Challenge is an annual event designed to bridge the practical knowledge gap between the older generation of successful entrepreneurs and millenials. This year’s edition focused on six (6) sectors of the Nigerian economy – Agriculture, Ecommerce & Retail, Food & Hospitality, Financial Services, Logistics and Manufacturing.
The event kicked off with a panel discussion about “Failure as a Roadmap to Success”. The panellists; Tania Omotayo, Akintunde Marinho, Richard Nnadi and Ferdinard Adimefe talked about how failures in their respective entrepreneurial journeys have propelled them to success.
There were also speaker presentations on Digital Marketing, Legal and Capital Raising by Adetutu Adetumbi, Founder of The Digital Tinker; Nnamdi Ekwem, Founder and Managing Partner of Frederick & Co and Senami Johnson; Head of Meristem Capital respectively.
This was followed by the mentorship sessions which allowed successful entrepreneurs in the sectors of interest share their insights with budding entrepreneurs and proffer practical solutions to challenges the entrepreneurs in their sectors are facing in business. The mentors in attendance include Vincent Egbe, Managing Director of GB Foods; Uche-Lotanna Anajemba, a business strategist and social entrepreneur; Benedicta Ogar, Principal Consultant CityBee Hospitality Ltd; Funmilayo Falola, Head of Brand and Marketing Communications, Wema Bank Plc. and Sheila Ojei, Chief Commercial Officer, Covenant Salt Company Ltd.
The highlight of the event was the pitching segment in which ten (10) businesses across the six (6) sectors of interest pitched their business ideas to investors who judged the pitches. Three (3) businesses emerged as finalists; winning seed funding from 234Finance’s network of investors, business valuations by Meristem Capital, 1-year legal retainer by Bloomfield Law and training slots in the Fintech Foundation course offered by The Enterprise Innovation Hub of The Nigerian Stock Exchange. Yogurmac Foods emerged as the winner, Nwachinerem Farms the first runner up and KR Foods the second runner up.
Some of the investors and dignitaries in attendance include Mrs. Godrey Ogbechie, Group Executive Director, Rainoil Ltd; Dr. Babatunde Obrimah, Chief Operations Officer Fintech Association Of Nigeria; Mrs. Nneoma Johnson-Chukwu; Managing Director/CEO Virgin Forest Energy Ltd; Dr. Chima Anyaso, Chairman Caades Group; Mr. Ejike Egbuagu, CE Moneda Invest, Barr. Mrs. Ngozi Ekeoma, MD/CEO Nepal Oil & Gas Ltd. amongst others.