KCB Lions’ Den is back for its fourth season. If you are an entrepreneur, or a youth with a brilliant business concept and is looking to tap into a platform that offers a fresh opportunity to tap growth ventures for their enterprises, this is your season.
KCB Lions’ Den, the Dragons Den and Shark Tank of Kenya, is a show that allows local startups to present an idea to top investors, the Lions – who actualized their dreams to reality and made successful corporates out of them – while trying to convince them to invest their money in it.
In the show, if one or more of the Lions are interested in the business concept you are presenting, they’ll strike up a deal and invest their money in your idea, and enter into a partnership with you.
However, if none of the Lions are convinced, or if the entrepreneur isn’t enticed by any of the Lions’ deals, it’s a bust, and everyone walks away empty-handed.
KCB Lions’ Den is a show that is in line with KCB Group 2jiajiri initiative, which aims to create employment opportunities for the youth – the millennials who are all about that entrepreneurship life, or at least that side hustle life.
It offers them a perfect platform to up their entrepreneurship skills while at the same time giving them insight on how to realize their potential and to get out of their heads and start a business of their own.
In a nutshell, the program fosters self-help through financial boost, training, funding, offering a market place, and providing mentorship for future entrepreneurs.
KCB Lions’ Den aims at empowering 10,000 youth each year to venture into small business startups for the half a decade.
It is projected to create a total of 50,000 direct jobs and at least 250,000 indirect jobs during the five-year period.
The application process for KCB Lions’ Den Season 4 targets entrepreneurs looking to get funding for their business’ as well as parents of children who have cool business ideas.
The Kids – or cubs as they are called in the show – stand to get a grant of 100,000 shillings from any of the Lions, the judges.
There are thousands of people out there with dreams. Dreams they feel are not big enough to appear on the show, but how do you know if your dream can come to fruition if you do not give it a try? It doesn’t hurt, does it?
Let the judges worry about your concept. Let the Lions decide for you. All you have to do is come with your business concept, or a concept of enterprise expansion and impress them with your numbers.
KCB Lions’ Den is not just another show. It is your show. The value, the drama, all the humor, the challenge as well as a whole lot of insight will go a long in helping you win big.
Take Eliud Ngugi Ng’ang’a, 29, for example. He was retrenched in 2017 from a multinational company after working for four years but he came to the Lions’ Den, presented his idea dubbed Code front Consultancy Ltd, and walked home with a smile.
His Codefront idea is a photographic technology concept that seeks to capture photo moments from events – weddings, office parties, product launches and making memories worth sharing.
He presented his story on KCB Lions’ Den and two of the judges, Kris Senanu and Joanne Mwangi bought his idea and invested 500,000 thousand each for 40 percent shareholding in his business.
He won the third Season of KCB Lions’ Den and today he is a whole new different man with a successful business of his own.
Just like Eliud, you can present your concept and win big. All you have to remember is that your idea shouldn’t be too expensive to actualize. Know your numbers, present a concept that sustains itself, and most importantly, let it be something that you are passionate about.
To apply, head to KCB Lions’ Den registration portal. The deadline for submissions is Friday, May 24th