Aso Villa Demo Day: FG approves N756.3 million for 81 winners

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[Abuja]–The Federal Government has approved the sum of 756.3 million naira for disbursement to the 81 winners of the Aso Villa Demo Day Growth and Employment Project (AVDD-GEM) winners.

The announcement came this morning through the official twitter account of the AVDD-GEM.

In November, 2016, the Aso Villa Demo Day had in collaboration with GEM, a World Bank funded project implemented by the Federal Ministry of Industry, Trade and Investment invited business plan submissions from applicants that participated in the regional AVDD pitch screening events.

“149 applications were received for evaluation at the end of the allotted time for submission.

“106 applications had a total score of 50% and above.

“81 of the 106 passed environmental and social compliance check.”

It should be noted that the Aso Villa Demo Day was established by the presidency to promote entrepreneurship, innovation and economic growth through new and emerging technology.

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