Nigeria’s Innovation Challenge Gets Winners

Innovators

As calls for Innovativeness towards technology growth and global competiveness heats up, Co-creation Hub (CcHUB), Nigeria’s foremost social innovation center is furthering the cause with competitions geared at bringing to the fore, exceptional Nigerian innovators.

In the latest hunt, Diaspora Challenge, CcHUB has released the names of three (3) winners of the challenge.

The Diaspora Challenge, an initiative which was geared at seeking and harnessing workable tech solutions to developmental challenges plaguing Nigeria, received over 250 entries from scientists, innovators and entrepreneurs across the diaspora community in the UK.

The initiative, launched in May 2017, solicited innovative workable ideas with a focus to address challenges in the energy, finance and education sectors. The objective was to tap the diverse wealth of resources that Nigerians living abroad could contribute to national development.

According to CEO and Co-founder of CcHUB, ‘Bosun Tijani: “Nigeria is experiencing an unprecedented growth and with this comes developmental gaps and issues. We believe that the restructuring of Nigeria is one that requires collective efforts needing all hands on deck. The Diaspora Challenge is one of the vehicles through which we want to drive innovation for a better society by tapping into the innovative wealth of Nigerians in the diaspora eager to proffer solutions.”

On the competition, CcHUB Director, Innovation/Consulting, Femi Longe noted that it was an intensely difficult challenge to moderate as there were many frontline and innovative ideas. He observed that the three winning startups showed a credible benefit to daily challenges within the Nigerian sectors and also have the potential to deliver economic remittance. We look forward to working with these entrepreneurs to help them build sustainable and scalable businesses.

“We are proud to announce the top three startups carefully selected as winners for the CcHUB Diaspora Challenge. These startups represent a new class of entrepreneurs coming up across Nigeria, and across Africa. These are companies specializing in technology-based digital products and solutions encompassing industry sectors with potential to scale nationally.”

The winning startups are:

Big Pot (Energy Stream). Founded by Oluyemi Jegede, this startup is in the energy sector stream. Big Pot is a power utility startup that provides solar energy to small and medium sized residences and businesses through smart community microgrids distributed via a blockchain network formed by geographically dispersed solar photovoltaic panel installations and lithium ion battery storage.

1 Million Teachers (Education Stream) is an education based startup on a mission to fix education in Africa by empowering teachers with skills and knowledge using gamified and incentives based learning. This startup founded by Hakeem Subair aims to develop a subscription-based online learning platform for teachers.

TruuScore (FinTech Stream), a FinTech startup founded by Dr. Freda Owusu. TruuScore is a credit reference service which uses a person-centered algorithm to enable credit scoring for the financially excluded populace. TruuScore is developing a person-centred system that enables credit scoring, using multiple data sources.

Each of the three winning startups will receive a $15,000 investment, and will be enrolled into a 9 month long CcHUB Acceleration Programme, custom fit with business advisory support, access to a wide network of mentors with domain knowledge expertise in a bid to build and scale.

The technology hub, Co-creation Hub, is the first in Nigeria to serve as an Open Living Lab in which user-driven innovation is fully integrated in the co-creative process of new services, products and societal infrastructures.

 

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