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Ecobank, Heave Ventures Launch ₦20 Million InnovateX for Youths

Ecobank, in collaboration with Heave Ventures, has unveiled InnovateX, a competition aimed at young talents aged 16 to 25 in the Creatives and STEM (Science, Technology, Engineering, and Mathematics) fields competing for a prize of ₦20 million.

Speaking at the launch event in Lagos, Bolaji Lawal, Managing Director and Group Executive of Ecobank Nigeria, said, “InnovateX is Ecobank’s initiative to shape the future of African enterprise. By equipping young creators and innovators with practical tools and opportunities, we empower them to transform their passion into scalable impact.”

The initiative is aimed at encouraging youths to learn, gain international exposure, and win prizes. Lawal said, “InnovateX is more than just a competition, it is a development platform offering hybrid bootcamps, expert-led pitching and business workshops, mentorship, international exposure, and a chance to pitch at a high-profile grand finale.”

He added, “The top 10 participants will share a prize pool of N20 million, alongside recognition and growth opportunities from Ecobank and its partners.”

Asides this, Lawal made it known that Ecobank in line with the campaign, is spotlighting its youth-focused product, the Ecobank Blaze Account, designed for digitally savvy young people ready to bank smartly and build their future.

The Blaze Account is tailored for youth from the ages of 16 to 25 and comes with a free debit card, three free NIP transfers every month, automatic eligibility to participate in InnovateX and other youth-focused programs, access to EPAC Studio, a creative hub for digital content and production as well as an opportunity to become a Campus Ambassador.

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