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Need Funding? Discover funding category applicable to your business

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If you’re an entrepreneur and ever wondered types of funding you should target for you business, the first step would be to identify the stage your business falls into. Assuming you already know that, the next step is to to look at funding options available to you. Below is a list of funding sources applicable to different stages of a business venture: 

Idea stage: Many entrepreneurs belong in this category. This group aspire to start a business or want to switch over from paid employment to entrepreneurship.

Idea stages are characterized by 

  • Only idea for product or service exists
  • Product or service is not yet validated

Idea stage business sources of raising capital include bootstrapping, friends and family, partnerships, angel investors, incubators, business plan competitions, charities and foundations, government programs, upfront payments and private placement. 

 

Start-up stage: Businesses in this are operational and have validated their product or service.

Start up stages are characterized by 

  • Initial sales of product already achieved
  • Customer base is small
  • Business is in survival mode
  • Requires funding to stay alive and gain traction

Start-up stage business sources of raising capital include bootstrapping, friends and family, partnerships, angel investors, incubators, business plan competitions, charities and foundations, government programs, international development funds, early stage venture capital firms, crowd funding, upfront payments and private placement. 

 

Growth stage:  In this stage, business traction is well established, market demand for product or service is growing at a gradual pace.  

Growth stages are characterized by 

  • Increasing number of customers
  • Growing customer base
  • Need funding to increase size and capacity
  • Typically profitable 

Growth stage businesses usually raise capital from partnerships, VCs, Angel Investors, Development Funds, Private Equity, Government programs, Banks, Private placement, Charities and organizations.

 

Mature stage:  Business organizations in this category typically do not look for funding unless they require funds to diversify into new markets or industry. Mature stage businesses have sufficient capital through their well established operations.

Mature stage businesses are characterized by

  • large and loyal customer base
  • Average and predictable sales growth
  • product saturation in market

Mature stage businesses can raise capital if they require, through banks. private equity, international development funds, private placement and IPO.

Now you have a clearer idea about suitable funding sources for your business, you are able to make informed targeting decisions when it’s time to raise that capital for your business.

     

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2020 ARM Young Talent Programme

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The ARM Young Talent Programme (AYTP) is designed to provide exemplary university students with the opportunity to develop an early career at ARM through exposure to meaningful assignments that offer opportunities to gain real-world experience.


It is our chosen way to influence the development of talent in our environment. The AYTP offers our interns good learning opportunities, via practical work experience prior to entry into the labour market or progression to further ones’ career. The AYTP allows ARM tackle some of the challenges relating to capacity building, by facilitating the creation and provision of possible employment opportunities for interns upon obtaining their University degree and completion of their internship programme with the firm.

This is a great chance to get your career started at a leading investment management firm and gain some valuable work experience.

Principal Duties and Responsibilities
In addition to working with the best people in the industry, our interns are provided with comprehensive training in an environment which is geared towards learning, and are exposed to real life business projects, transactions, and company initiatives.

At the end of the programme, interns are required to write a report and give a presentation on a project topic in order to assess their suitability. In addition to developing technical skills and experience, the AYTP provides interns the opportunity to develop interpersonal skills through networking with other interns, current employees and clients.

Please note the following;

The programme location is Lagos, Nigeria.

The programme will start 15th June, 2020

Candidates are expected to be available physically for the programme.

Accommodation and transportation will not be provided.

Requirements

  • Candidate must be an undergraduate
  • Candidate must have completed at least a year of their degree
  • Candidate must be on track for a 2:1 degree or equivalent at least
  • Candidate must be available to resume 15th June 2020 if successful

APPLY here

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2020 Stanbic IBTC Digital Graduate Trainee Program (DigiTAP)

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  •  46215
  •  Banking
  •  Nigeria
  •  Lagos
  •  Lagos Island
 

The Digital Graduate Trainee Program (DigiTAP) is the flagship digital graduate trainee attraction program designed to aid the identification and attraction of unique digitally savvy candidates, equip and position them to be able to drive the future digital and technology objectives of Stanbic IBTC Group. It is an intensive program and unique opportunity for young people who are resourceful and passionate about building a fast-tracked career and to help us drive our success into the future.

Key Responsibilities/Accountabilities

  • Graduates Trainees will be required to work in varied work roles/ locations and context with increasing levels of complexity. They will be exposed to varied digital projects, workstreams, challenges and developmental programs.
  • Applicants must be passionate about building a career in Stanbic IBTC and working in a dynamic and forward thinking environment.
  • Graduate Trainees would be based in Lagos but may be deployed to any department and locations across the country.

Preferred Qualification and Experience

Preferred Qualification and Experience

  • Applicants must be IT Software Developers, Cloud Security Analyst, Cyber Security Engineers, Data Engineers, Mobile App Developers, Blockchain Developers, IoT Developers, UI/UX Developers, Linux OS Administrators, Database Administrators, Applications Support.
  • Minimum of a Second Class Upper (or its equivalent) degree in an Information Technology or Engineering related course from an accredited University.
  • Minimum of 5 credits (Mathematics and English inclusive) in GCE, NECO or its equivalent
  • Applicants should not be more than 26 years of age as at engagement.
  • Applicants must have concluded NYSC and must have discharge certificate in hand.
  • Applicant’s Date of Birth, Gender and Class of Degree must be clearly stated.

Knowledge/Technical Skills/Expertise

Knowledge/Technical Skills/Expertise

  • Proficiency in programming languages such as Java, C#, C++, JavaScript, Ruby, SQL
  • User Interface & User Experience Design
  • Microservice architecture & development
  • UI/UX development
  • Cloud security expert
  • CI/CD technology
  • Automated testing
  • Cloud immersion
  • Cloud Admin/Technician
  • Cloud application development
  • Penetration Testing skills
  • Cloud Security
  • Linux OS Administrator
  • Operations Support
  • Blockchain
  • New Data analytics platforms & support
  • Emerging intrusion detection
  • Conceptual, Innovative and Analytical
  • Intermediate to expert competence in the use of MS Office Suite

For further information, visit the the website for the Stanbic IBTC Digital Graduate Trainee Program

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