By Chris Agabi
The Benue Investment and Property Company Limited (BIPC) has introduced an investment pitching portal for promising business ideas from individuals and groups in the state.
This initiative is not only aims at collating these ideas but also offers a pathway for funding through the newly introduced BIPC Venture Capital Fund, with an initial investment capital of up to N100 million and can be upscaled going forward if potential entrepreneurs leverage the initiative.
The Managing Director, BIPC, Dr. Raymond Asemekaha told our correspondent that potential entrepreneurs with bankable ideas would access funding from BIPC as equity investment, business coaching, access to markets and other tools that will make the business thrive in exchange for equities in the businesses.
According to him, the idea is to nurture good business ideas to success, especially those who don’t have the capacity to access funding. This will also enable BIPC have equity holding in a wide range of businesses.
“The Company will also be instrumental in providing equity Capital investment for the ideas and budding economic growth by fostering innovative business ventures in the state” he further explained.
“This is aimed at increasing Benue GDP from $5.8Billion to $ 8 Billion in the Next Four years and also grow BIPC bottom line” he noted.
“This approach potentially leads to the creation of new opportunities, job opportunities and overall economic development of Benue State” BIPC MD said.
He admonished everyone with viable business ideas should visit https://idea.bipc.be.gov.ng/ to complete the form as entries will close on April 1st 2024.
Dr. Asemekaha also said the initiative is in line with the vision of His Excellency, the Executive Governor of Benue state Rev. Dr. Hyacinth Iormem Alia’s administration policy on nurturing innovative business ideas,
