$2500 Stanbic IBTC Innovation Challenge 2018 for StartUps in Nigeria

$2500 Stanbic IBTC Innovation Challenge 2018 for StartUps in Nigeria

The kingpostz team notify the general about the ongoing Stanbic IBTC Innovation Challenge 2018, The  Nigian IBTC challenge applications aims to leverage digital technology, innovation and expertise outside the traditional financial service providers, to improve efficiencies and capture new opportunities that add value to customers.

The Stanbic IBTC Innovation Challenge fund is a competition aimed at developing solutions to improve service offerings and delivery through collaborations with entrepreneurs in the digital technology and innovations space. In conjunction with CcHub, the Stanbic IBTC Innovation Challenge 2018 will seek to improve service delivery and chart the course of the digitization of the current model of financial servicing in Nigeria.

This challenge based innovation is an initiative sponsored by the Stanbic IBTC Holdings and will be delivered by Co-Creation Hub (CcHUB) Nigeria.

Worth of IBTC Innovation Challenge fund Award

  • The winning solution will receive total funding valued at $15,000; $12,500 in cash, and workspace in the Stanbic IBTC Blue Lab (valued at $2500).
  • The winner will also be granted access to IT infrastructure for solution testing and development.

Eligibility For IBTC Innovation Challenge fund

  • Individuals and partnerships (of not more than 3 persons) from university students, software developers, academics and entrepreneurs in Nigeria.
  • To enter the competition, the entrant(s) must meet the following criteria (submission requirements) and confirm acceptance of these terms and conditions.

Submission requirements

  • Name of Startup.
  • Year the business was launched.
  • Entrant’s name(s).
  • Email address(es).
  • Phone number(s).
  • City where entrant(s) is/are
  • based.
  • Number of user/customers
  • All submissions must include a brief description of the business including:
    i. An outline of the problem that your business/venture addresses.
    ii. An explanation of the solution that is being deployed to address the problem above.
  • Entry begins on 06 August 2018 and ends on 14 September 2018.

The top 3 ventures from the challenge will be supported to scale and grow through the CcHub pre-Incubation programme from July-January 2018

How to Apply For Stanbic IBTC Innovation Challenge 2018

The Innovation Challenge 2018 application is opened to Product development teams and Technology startups across Nigeria.

Deadline: applications close 14 September 2018

Click here for more details and to apply

Good Luck!

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