- The founder(s) must not be older than the age of 27 as at the time of receiving the award and the company must have been in existence for at least 3 years.
- The founder must be a Nigerian.
- The company must be contributing to social economic development in Nigeria.
- The line of business must be ethical and in accordance to the Nigerian laws.
- The business must be duly registered under the cooperate affairs commission of Nigeria.
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