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Raising or sustaining capital
Submit your best work or business idea,
and win capital, visibility and a brand new website!
Register for free today!
Why you should join the challenge:
Why you should join the challenge:
1. Secure Funding – We work with you to raise funds to start or grow your business.
2. Full Control – The funds you raise come directly back to you for investment.
3. Angel Investors – Gain the chance to attract investors who believe in your idea.
4. Visibility & Opportunities – Showcase your work to potential clients and employers, internationally.
5. Growth & Motivation – Going public motivates you to improve and excel in what you do.
1. Secure Funding – We work with you to raise funds to start or grow your business.
2. Full Control – The funds you raise come directly back to you for investment.
3. Angel Investors – Gain the chance to attract investors who believe in your idea.
4. Visibility & Opportunities – Showcase your work to potential clients and employers, internationally.
5. Growth & Motivation – Going public motivates you to improve and excel in what you do.
Building capital, one action at a time!
Raising and sustaining business capital is a major challenge for many entrepreneurs, especially small business owners and startups. Without adequate support, this struggle can be overwhelming.
At BloomCity Challenge, we provide a platform to raise capital for your business. You submit your business idea or creative work. Once your submission is accepted, you can rally your fans, friends, and family to crowdfund in support of your idea. Minimum donation is One Hundred Naira (N100) - no maximum. At the end of the challenge season, the funds raised for your business will be disbursed directly back to you. You only contribute to our broader empowerment goals.
If you are among the top 10 participants who exceed a threshold, you win one year visibility slot on our website. If you climb further among the top 5, you win a brand new website for your business, hosted by us for one year. All these are in addition to the funds disbursed to you from the total donations for your business.
As a nonprofit initiative, we are committed to your growth, so we may follow up on how your capital is helping your business to thrive.
Through this effort, we actively contribute to Sustainable Development Goal 1: No Poverty
- empowering entrepreneurs and fostering economic resilience.
Hop in and take your business higher!
Steps to Follow
1. Prepare your creative piece: a business plan or idea, a song, poem, drawing, art work, carving, wears and stitches, designs, inventions, innovations, music, writeups, photographs, voice notes, in PDF, MP3, JPEG, PNG or MP4 formats (10mb max).
2. Fill in the entry form below, ensure to complete all lines in the form accurately.
3. Submit the form.
4. The organizers will reach out to you during selection to inform you if your entry has been selected for the donation stage.
5. If you have been selected and informed, congratulations, you are now a participant, begin to mobilize fans, friends and family to donate, crowdfund and support your business.
6. If you have not been selected, you can improve on your work and resubmit for the next challenge cycle.
7. Note that the minimum donation is One Hundred Naira (NGN 100) only, no maximum.
8. Donations can be done as many times as possible, to support the participant's business.
9. As a participant, you can donate for your business.
10. Bulk donations are allowed.
Requirements
Age limit: 18 years and above.
Creative exhibits: Business plan or ideas, drawings, artwork, carvings, wears and stitches,
designs, inventions, innovations, songs, recitations, videos, etc.
Display Methods: Writeups, songs, photographs, videos, voice notes.
Upload Formats: PDF, MP3, JPEG, PNG or MP4 (10mb max).
Schedules:
Registration: Rolling, throughout the month.
Selection of participants: 20th to 24th of every month.
Stage 1 donations: 26th to 4th of the following month.
Stage 2 donations: 6th to 10th of every month.
Stage 3 donations: 12th to 16th of every month.
Announcement of results: 17th of every month.
Disbursement of funds: 18th of every month.
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