President Jonathan launched the $50 million Venture Capital Fund known as the YouWin

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Tweet President Jonathan yesterday in Abuja launched the $50 million Venture Capital Fund also known as the YouWin! Small and Me...

President Jonathan yesterday in Abuja launched the $50 million Venture Capital Fund also known as the YouWin! Small and Medium Enterprise, SME,-Growth Fund. He launched the fund alongside the 4th round of the Youth Enterprise with Innovation in Nigeria (YouWin) program.

He said the new enterprise fund would enable those who won previous grants from the YouWin programme to take their businesses to the next level. The 4th edition is expected to support additional 1,500 entrepreneurs along with the SME-Growth fund, which is a private equity fund for entrepreneurs.

A total of 22,000 jobs had been created by the first and second editions. He inspected an exhibition by beneficiaries of the program and expressed happiness over the quality of products which he said were of international standard.

The fourth edition is expected to raise the total number of jobs to 44,000 as another 1,500 entrepreneurs would be supported with grants of between N1 million and N10 million to enable them to improve or run their businesses, expand them and create jobs.

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