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AIF Tables  $ 185 000 for Innovation Prize for Africa 2018 Awards

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By peter oluka

The African Innovation Foundation (AIF) has announced the seventh edition of the Innovation Prize for Africa (IPA) www.InnovationPrizeForAfrica.org themed “investing in inclusive innovation ecosystems” thereby inviting submissionsto reward the best home-grown innovations on the continent.

The annual Award seeks to celebrate outstanding breakthroughs that deliver practical, and commercially viable African solutions that are innovative and sustainable.

Affirming AIF’s purpose to catalyse the innovation spirit in Africa, Pauline Mujawamariya Koelbl, the IPA Director commented, “We are pleased to launch IPA 2018 and are confident that this edition will prove bigger and better in terms of participation and quality of submissions.

With each edition, IPA has gone from strength to strength attracting innovators across disciplines and with outstanding solutions to African challenges.

For this seventh edition, we also look forward to expanding our ever-growing network of innovators, enablers and partners in order to join hands and build stronger, more sustainable innovation ecosystems that will propel the continent forward.”

IPA Awards timeline and eligibility

The call for entries will run for three months starting from 10 October 2017 with a submission deadline of 10 January 2018 at 23:59pm GMT.

IPA’s goal is to strengthen African innovation ecosystems by supporting a culture of innovation and competitiveness, whilst spurring growth of innovative, market-driven African solutions to African challenges.

Specifically, IPA honours and encourages pioneering achievements that contribute towards developing new products, increasing efficiency and/or saving cost in Africa. Applications will be accepted from all Africans including those living in the diaspora.

This edition encourages greater participation from women innovators who are increasingly playing a key role in driving African economies forward through business and entrepreneurship.

The submissions will be judged on the backdrop of IPA’s themes supporting social and economic innovation in the following five categories: manufacturing and service industry; health and well-being; agriculture and agri-business; environment, energy and water; and ICT showcasing ground-breaking innovations.

IPA 2018 winners will be announced at an annual ceremony in July 2018 (exact dates and country to be confirmed).

The Award is the leading innovation event on the African calendar, bringing together some of Africa’s most inspiring innovators and entrepreneurs, leaders of hubs and accelerators, angel and venture capital investors, development institutions, government leaders, media practitioners and  other game changers.

Creating an enabling environment for local innovators

This year’s theme ‘Investing in Inclusive Innovation Ecosystems’ calls for African governments and innovation stakeholders to invest in building bridges for more inclusive ecosystems that will accelerate and scale African innovation at all levels of society.

The aim is to increase access to innovative financing and know-how and to enhance collaboration between African nations to enable local innovators to access higher value markets for their solutions at a faster rate.

“IPA is a platform to showcase the inherent ingenuity that exists in Africa,” said Walter Fust, Chairman of the AIF Board. “Each year, several hundred participants submit their entries with new solutions to overcome African-specific challenges. This year we want to drive greater pan-African synergies across our network of enablers and partners to create inclusive opportunities for local innovators and together disrupt business models, empower people and drive positive social impact across the continent.”

Register NOW for IPA 2018

Last year saw over 2 500 applications from across the continent, with the highest number of women applicants (482 representing 19%).

This year promises to be even bigger. To date, IPA has attracted more than 7 500 innovators spanning 52 countries featuring 55 of the continent’s top innovators and 400+ innovation enablers making it a truly a pan-African initiative.

Previously AIF has supported past winners and nominees with over US$ 1 million to move their innovations forward. Due to the exposure received via IPA, past winners have gone on to secure over US$ 30 million in investments to grow and scale their businesses.

In addition to the lucrative share prize of US$ 185 000 cash, selected innovators are offered many opportunities including access to the AIF networks via its platform, ZuaHub (www.ZuaHub.org), where AIF connects innovators with resources and help them grow.

AIF has contributed to building African innovation ecosystems and has witnessed increased opportunities for African innovators in comparison to 2011 when IPA was launched.

The selection process will be led by an expert panel based on their knowledge and experience within the aforementioned IPA five key sectors as well as their influence and contributions to the tech and business industry on the African continent.

Get involved and sponsor IPA 2018

In the last six years, the IPA has recognized numerous Africans for their innovative solutions aimed at improving the lives of people across the continent. The IPA Awards celebrate African ingenuity by showcasing and rewarding the very best African innovators solving African challenges and creating new opportunities which lead to inclusive growth across the continent.

For this edition, the IPA will bring together select stakeholders comprising of innovators, entrepreneurs, investors, leaders of innovation hubs and technology parks, policy makers as well cutting-edge African training institutions. It is an opportunity for companies to forge important partnerships, synergies and collaborations with innovation enablers from across the continent to strengthen Africa’s investment climate through innovation.

Organizations can register their interest in supporting African innovation by contacting AIF for more details on the IPA sponsorship opportunities available.

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Ogundare, Newcross CEO Donates Digital Library To LUTH

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(L-r): Professor Afolabi Lesi, provost college of Medicine University of Lagos Idi-Araba; Dr. Bolaji Ogundare, Ceo Newcross Petroleum; Professor Oyinkan Sofola, dean, Faculty of Dental Science, College of Medicine University of Lagos and Professor  Akinbo, deputy provost, College of Medicine University of Lagos, during the handing over of a Library built by Dr. Ogundare for the Faculty of Dental Science, College of Medicine University of Lagos Idi-Araba

By peter oluka

As part of efforts to expand access to global information and aid learning in medical education, Dr Bolaji Ogundare the chief executive officer (CEO) of Newcross Petroleum, has donated a digital library to the Faculty of Dental Sciences, College of Medicine, University of Lagos Idi-Araba, Lagos.

During the handing over ceremony held recently, Ogundare called on the private sector players to consider urgent and massive investment in health education as that will tremendously improve capacity and competencies for Nigerian hospitals and aid availability of world-class healthcare services locally in the country.

During his address, the Dental Surgeon remarked that the library which he donated to his alma-mata was built in memory of his late father, Mr Samuel Olatunji Ogundare, describing the project as his contribution to health education in the country.

Ogundare said he was challenged to take on the project due to the low level of infrastructure in the College, appealing for urgent private sector intervention for infrastructure upgrade at the Faculty of Dental Sciences.

“Infrastructure upgrade and personnel motivation can help this College a great deal. If the private sector invests more in healthcare services, capital flight will be prevented and many healthcare services for which Nigerians travel abroad can be accessed at affordable rates and convenience locally. I urge all well-meaning citizens and business interests to urgently intervene.”

Commending Ogundare for his contribution to the college, the provost of the College of Medicine, Professor Afolabi Lesi said the library mirrors the core of the educational institution. This project has touched on the essence of this institution of learning.

Prof Lesi urged other alumni of LUTH in public and private sectors to emulate Ogundare by investing in healthcare services and educational development. He therefore promised that LUTH management will maintain the project maximally.

 

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CFA’s Startups Hangout Slated for This Friday 

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By justice okemgba

The CFA Startups Hangout edition for October 2017 is slated for this coming Friday, October 20, 2017.

The CFA’s Startups Hangout, is as a strategic forum, where Startups meet to learn from successful Entrepreneurs who come over to speak to them on their successes and pitfalls they encountered on their way to success, as well as how they overcame challenges in their organisations, so that the Startups too can learn and follow through.

Wale Ajisebutu, The Vice-Chairman, 21st Century Technologies, will be available to speak to the Start-ups at the event.

He is a Chartered Accountant by training. He ventured into the Telecommunications industry after a stint in trading.

His company, 21st Century Technologies, was incorporated in in 1997 and began operations in 1999. Today, 21st Century Technologies has evolved into a major player in the Telecommunications industry.

His clientele includes some of the largest Multinationals, Oil and Gas firms, Hotels as well as several blue chip organisations, not just in Africa, but across the world. He is a perfectionist and gentleman to the core, who believes that Nigerians can build great companies and this is a vision he is working hard to achieve.

Also to speak at the October edition of the CFA’s Sartups Hangout, is Nkiru Balonwu, Managing Partner at RDF, a Consultancy that provides counsel to clients in the public and private sectors on strategic communication, organizational strategy and stakeholder engagement.

Prior to RDF, Nkiru was CEO of Spinlet, the leading music digital distribution platform on the continent. In addition to a structural turnaround, Nkiru drove the re-branding of the company and ensured it was profiled properly through tactical placement of strategic communication.

Nkiru is also the Founder of Bukkipa; a simple accounting mobile application designed for individuals and small businesses to aid effective cash flow management. She holds a Doctorate degree from the University of California, Berkeley, a Master’s and first degree from University College London & University of Manchester, respectively.

The saying also goes, that, health is wealth and it is only when you are healthy, that you can run your Startup well. In this regards, therefore, The Bridge Clinic will be on ground to make a brief presentation on health issues to the Attendee Startups as well as give them free blood pressure and glucose level tests. Our team appreciates this great gesture on the part of the management of The Bridge Clinic.

Past editions of the hangout had featured prominent successful Nigerian Entrepreneurs, such as Austin Okere, Founder, CWG, Banke Alawaye, Country Manager, Praekelt, Chinenye Mba-Uzoukwu, CEO, InfoGraphics, Afolabi Abiodun, CEO, SB Telecoms and Devices, Bolaji Finnih, CEO, TechPreneur Africa and Ommo Clark, CEO, iBez Solutions. Nadu Denloye, PhD, Co-Founder of Telnet and Director,CDNet, Deepankar Rustagi, the Co-founder, VConnect, Adeoye Abodunrin, ED,Xpos Technologies, Simeon Ononobi, Co-Founder, MyAdsGlobal, Helen Anatogu, CEOand Founder, iDea Nigeria, and Yele Okeremi Founder of Precise Financial Systems and others.

The October 2017 edition of CFA’s Startups Hangout will be sponsored by TAMS and Remita.

We look forward to the active support of more brands for the future editions of this selfless mission to help many Nigerian Startups to learn, grow and sustain their businesses for the development of the Nigerian Entrepreneurial ecosystem in particular and the Nigerian economy in general.

We also appreciate our media partners, Guardian Tech,  Nigerian CommunicationsWeek, Connectnigeria, ITPulse and cfatech.ng, for their unflinching support in sharing this rare opportunity to learn from successful Entrepreneurs to our numerous Startups in Nigeria.

The October 2017 Edition of CFA’s Startups Hangout, holding on October 20, 2017 at Adna Hotel, Ikeja GRA, Lagos is a free event, but registration is compulsory for every Startup that will be attending.

Limited seats are available, therefore, you need to register early, to book for a seat at the event.

You can register for the October 2017 edition of CFA’s Startups Hangout @ http://startups.cfatech.ng

 

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Zoto Launched ‘Zoto Smile’ To Support Benue Flood Victims with N.5m

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Zoto Smile

By peter oluka

Zoto, a product of Hedonmark Management Services Limited and Nigeria’s fastest mobile payment app under its charity initiative Zoto Smiles has collaborated with Eagles HOPE Foundation (NGO) to extend financial support and rehabilitation to flood-affected people in Benue state.

As a startup in Nigeria, Zoto believes that any challenge can be met if you have innovation in your DNA.

Keeping in spirit with its DNA, Zoto via its initiative Zoto Smiles has announced that they will contribute N10 every time Zoto app is used to recharge or pay bills.

By funding the relief efforts of local NGOs, donations to this fund have the potential to build stronger response capacity so that these NGOs are better equipped to face future challenges.

While announcing the new initiative, Oshone Ikazoboh, co-Founder, Zoto said, “It is a difficult time for the flood affected people as more than 110,000 people in 24 communities including Makurdi, the state capital, had been displaced by the floods. With our initiative Zoto Smiles, we’ve made our donation process a community effort where every person gets chance to contribute towards community building by a simple recharge or bill payments made via Zoto App. We are liasoning with our NGO partner to ensure quick supply of relief material. We offer condolences to the families who lost their loved ones and pray that the situation normalises soon.”

Money is the quickest, most effective contribution most people can make during times of disaster. Zoto believes that people and communities are intrinsically good and generous and want to come forward and help in the rehabilitation of victims of natural disasters, but they are held back due to the lack of proper avenues.

Zoto is a safe, fast and easy way of making payments in Nigeria. It has more over 1 million registered users.

It is a mobile money and mobile commerce service licensed by the Central Bank of Nigeria. Zoto is compliant with the Payment Card Industry Data Security Standard (PCI DSS) and SSL 128 bit encryption designed to ensure that all companies that process, store or transmit credit/debit card information maintain a secure environment.

The platform is available on iOS and Android and has established itself as one of Nigeria’s best payment solution.

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