Entrepreneurship Students Pitch for Funding

Entrepreneurship Students Pitch for Funding

On October 2, 2019,  students of ENT 201 (Entrepreneurial Field Experience) formally presented their business ideas to a panel of advisors. 

“Alpha-chow” and “The Hotspot” were enterprises selected by the panel from among ideas pitched by students for the fall semester. Each business will receive a startup capital of $5,000 from the university management.

Third-year Communications & Multimedia Design (CMD)  major and CEO of Alpha-chow, Cyril Oni, explained that their paintball-eatery ranch will provide paintball "friendly competitions" opportunity for students and staff. The business was created to engage students more during weekends with fun, physical and mental activities.

"Alpha-Chow will also provide the community with small chops like suya, chicken wings, and grilled fish while students wait for their turn to play paintball."

Third-year Economics major and CEO of The Hotspot, Sadiq Dikko, said the business will offer tasty shawarma and sandwich alongside a variety of cocktails and local drinks such as Zobo, Kunun Aya.

"Also The Hotspot will provide hot beverages at affordable prices and deliver at students' doorsteps."

The business was conceived out of the need to provide a cheaper alternative for students who would prefer to buy shawarma on campus rather than going to town.

Mr. Dikko hopes that the experience gained will be beneficial. He has already recognized an opportunity for it in his home state of Kebbi.

Among the panelists were Vice President Finance & Administration, Olanipekun Olanrewaju; Chair of the Entrepreneurship program, Dr. Hassan Yusuf; Law instructor, Barr. Habib Usman, and President of the Students Government Association, Taslim Oladoja.

The course instructor, Dr. Lukman Raimi, explained that ENT 201 is a 'learning-by-doing course designed to shape up the entrepreneurial mindset of the students'.

"At the end of this course, we expect their personality traits and skills to be enhanced."

Dr. Yusuf says the aim of the course surpasses the grade, pointing out that some past students of ENT 201 now run their own businesses.

VP Olanrewaju counseled the young entrepreneurs not to see the exercise as another opportunity to get better academic grades but to see it as preparing for a better future.

At the beginning of the course, each student was asked to identify a business concept based on a template. These were systematically modeled and integrated into ten group business concepts within two weeks based on the perceived needs of the university community. After a rigorous screening, sifting, and idea fortification, the two concepts Alpha-chow and The Hotspot were finally chosen by consensus. 

Reported by Omorogbe Omorogiuwa