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Honeywell Group Launches Accelerator & Investment Vehicle

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Honeywell Group has officially launched its new accelerator and investment vehicle, Itanna.

Led by Tomi Otudeko, Head, Innovation and Sustainability for Honeywell Group and Director of the new venture, Itanna will roll out four-month innovation programmes for tech-enabled Nigerian startups from its newly built Enterprise Factory in Lagos; with its pilot cohort of startups receiving USD $25,000 each in investment from Honeywell Group.

Itanna launches with four cohort companies – Accounteer- providers of online accounting services for SMEs across Africa; KoloPay – a cashless target savings mobile and web application, Tradebuza – an online platform for managing and brokering commodities sourcing and outgrower scheme, and PowerCube -providers of affordable power supply using renewable energy.

Chosen from over 200 applications, each startup will receive training and mentoring from leading industry experts, as well as the opportunity to pitch to Honeywell Group’s network of local and international investors at the company’s inaugural Demo Day, which will take place towards the end of 2018.

On the launch of Itanna, Obafemi Otudeko, Honeywell Group’s Executive Director, says, “Honeywell Group is entrepreneurial to its core – we have almost 50 years’ experience in building Nigerian businesses, across diverse sectors.

As part of our wider portfolio, Itanna allows us to collaborate with the Nigerian tech ecosystem; we will invest patient capital into the startups we work with, and we will also provide world-class mentorship to enrich the business strategy of each cohort. As a corporate, we wanted to transform our approach and add dynamism to how we build our sector play.

Itanna is the platform through which we can fulfil our mission to use enterprise to make our world better.”

Through the programme, Itanna will support and invest in tech-enabled for-profit startups with an existing Minimum Viable Product. Startups accepted into the accelerator will need to demonstrate traction through customer growth or partnerships with customer acquisition enablers, have a clear vision as well as technical capability, sector knowledge and the desire to scale.

The launch of Itanna comes as part of Honeywell Group’s mission to connect technology and innovation by transferring knowledge in business-building and entrepreneurship, as the company looks to cement its position as a facilitator and impactor of growth in key sectors, including tech within Nigeria and across Africa.

Itanna will also be investing in more developed tech startups looking for growth capital. Through the direct investment scheme, the Itanna team will support investee companies to scale by leveraging on Honeywell Group’s network and industry expertise.

Tomi Otudeko, Head, Innovation and Sustainability for Honeywell Group and Director of Itanna concludes, “Itanna was conceived to be a place where Africa’s top talent can bring their ideas, visions, expertise and resources to create a new wave of businesses that will ignite and stimulate economic growth across the the country and the continent.

We are thrilled to be joining an already busy and vibrant tech ecosystem, whilst adding our stamp and sharing decades of business experience.

Itanna is a critical element of Honeywell Group’s innovation strategy, and is well placed as we look towards building this future of tech-enabled businesses.

The calibre of startups who applied to Itanna was striking; and we’re now excited to begin work with our inaugural cohorts.”

Operating from the Enterprise Factory located in Iganmu, the heart of industrial Lagos where businesses are built, the new state of the art 627 square metre collaborative space boasts work spaces, offices, meeting rooms and a conference space.

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Uber Extends Safety Toolkit Launch for Riders, Drivers to Nigeria

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Uber  to double down on safety and roll out Safety Toolkit for riders and drivers across 38 countries, including Nigeria; Features to include Safety Centre, Trusted Contacts, Share Trip, emergency assistance button and customisable speed alerts

This week Uber announced the new Safety Toolkit which, over the next few weeks, will be rolled out to the millions of riders, drivers and delivery-partners using the app across Europe, Middle East and Africa.

The toolkit will introduce new innovative features which aim to raise the bar on safety, and increase transparency, accountability and peace of mind for all users.

Since launching the app, Uber has provided millions of people with technology that allows them to get a ride at the push of a button, track every trip with GPS technology and report any issues 24/7 with a dedicated safety team.

With the introduction of new safety features, the company aims to double down on safety and help make the Uber community safer.

Features that will be introduced as part of the new rider and driver safety toolkit, include:

Emergency button – With the push of a button in the app, riders, drivers and delivery-partners can connect directly to private emergency services and security response when needed through a third party private security supplier

Trusted Contacts – Riders can now easily designate five friends or family members as “trusted contacts” and, with a single tap, share their trip information which are easily customisable in their trip sharing preferences.

Safety Centre – A new app-housed safety information hub where users can find information on some of the key existing safety tools in the app, including our 24/7 team, information on the driver and the car, trip GPS-tracking and our rating and feedback system.

Speed alerts – A feature which reminds drivers and delivery partners to maintain a safe speed within the posted speed limits.

These new safety features will be a phased rollout, not all riders, drivers and delivery partners will have access to the features immediately.

“With more than 15 million trips on the Uber app every day, there is nothing more important than the safety of riders, drivers and couriers. Over the last year we’ve been working to develop innovative products that increase transparency, accountability and peace of mind for all users.

The rollout of our new Safety Toolkit features across Europe, Middle East and Africa is the next step in making sure that we’re helping everyone stay safe and connected, wherever you might be,” says Sachin Kansal, Uber’s Global Head of Safety Product.

Uber’s CEO Dara Khosrowshahi has made safety a top priority for 2018. Since joining the company, he has introduced a number of changes including Injury Protection cover for driver’s, delivery-partners and riders, driving hour limits and Driver Share my Trip.

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Okeremi Urges NIMC to Creating Additional Biometric Centres to Expedite NIN Registration

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Ronke Okeremi, the Managing Director and Chief Executive Officer of Arit of Africa, in addressing the inadequacy of centres, has urged NIMC to create more physical and mobile registration centres in order to speed up the enrolment of more Nigerians.

Okeremi while speaking on the need to hasten up the programme suggested that the creation of more centres across the country will solve the issue of slow pace of registration and boost the morale of Nigerians in the urban and rural areas to participate in the exercise.

The technology expert who is managing the oldest information and communication technology [ICT] in Nigeria reiterated that one of the logjams associated with the NIN programmes is the inadequate registration centres especially in some remote areas in the country.

She therefore called on NIMC to equally train its field officers in order for them to give their utmost in the discharge of their duties, in respect to the NIN registration exercise.

“Operators who are enrolling the citizens must be properly trained and biometric acquisition and authentication processes must be adequately defined.

“Mobile biometric enrolment kits can be used to provide biometric registration where it is required and it is especially useful for enrolment in outskirts and in the remote areas.

“A biometric system is made credible by ensuring that quality biometric acquisition devices are utilised and by installing software that ensures the quality of captured biometric and security of the biometric system”, she said.

Since the period the National Identity Management Commission [NIMC] was established to provide sustainable world-class identity management solution to affirm identity, enhance governance and service delivery in Nigeria, the government agency has experienced setbacks in enrolling Nigerians properly.

Among these challenges are ineffective and inefficient enrolment exercise, which include lack of adequate registration centres, extortion of enrollees before they could be enrolled, lack power supply and unavailable internet facility among others.

These challenges have rendered the enrolment exercise comatose, resulting in slow pace of work, which has further left many Nigerians frustrated, dejected and disinterested in the NIN exercise.

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Nigerian Startup Celebrates Female Heroes

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Social media in recent weeks has been agog with the celebration of iconic Nigerian women, by Nigerian female entrepreneurs from all walks of life, who have been commemorating their female heroes.

 

618Bees, a Nigerian tech start-up, began the ‘Naija Woman Hero’ contest where women are required to post a photo of their all-time iconic Nigerian woman on Instagram, using the hashtag #NaijaWomanHero, and tagging @618Bees.

 

Thousands of female entrepreneurs have nominated their iconic Nigerian women and the contest has started a resurgence of some sort since the competition began.

 

The competition has seen thousands of posts since the contest began on October 1st.

 

According to the BBC, Nigeria has the highest number of female entrepreneurs in the world and who often struggle to secure investment, with banks always requiring collaterals, like properties, which women often do not have.

 

Without access to capital, it is difficult for a lot of women to grow their businesses.

 

In a bid to make life easier for women, 618 Bees is offering hundreds of woman the opportunity to start their own businesses by registering the businesses for free.

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