News
Global Start-ups to Compete in $600,000 Rocket Fuel Start-up Pitch Competition at LEAP22
Start-ups from around the world are being invited to go head-to-head to win a share of a USD $600,000 prize fund at the Rocket Fuel Start-up Pitch Competition, and to pitch their businesses to powerhouse VCs and leading international investors.
The competition will be held as part of LEAP, the world’s largest debut technology event, which will take place in Riyadh, Saudi Arabia in February 2022.
Entries are now open for the Rocket Fuel Start-up Pitch Competition, which will challenge start-ups in a pitch contest to find some of the most exciting and impactful new businesses from around the world. Ninety start-ups will be invited to pitch their business ideas live on stage during LEAP on 1st and 2nd February.
The finalists will have just five minutes to present their best pitches to a panel of international and local investors during LEAP, and convince them that they have what it takes to be one of the top 10 businesses who will go into the Grand Final on 3rd February.
These 10 best entrepreneurs will then get another chance to showcase the merits of their businesses, scored on creativity, innovation, potential, functionality and impact on people and society. The winner will be presented with the LEAP Award for the strongest, most outstanding start-up across the whole competition, and will be awarded the grand prize of $200,000.
The finalists will also compete for three other awards, including The Shooting Star Award for best early-stage start-up, which will win $100,000; the Aviatrix Award for best female-led start-up; and the Technology for Humanity Award for the start-up that best embodies the spirit of LEAP “Technology for Humanity”. The winners of these awards will each receive a prize of $150,000.
LEAP has assembled a world-class judging panel of celebrity investors and business leaders to assess the Rocket Fuel Pitch Competition contestants and put them through their paces. The panel will include: Steven Bartlett, businessman, speaker, investor and content creator, best known for the BBC’s Dragons’ Den; Baroness Karren Brady, business executive and television personality; James Caan, entrepreneur and television personality; Kelly Hoppen, interior designer, author and entrepreneur; Michael Salgado, retired Real Madrid footballer and celebrity investor; Dr. Nabeel Koshak, CEO and board member of the Saudi Venture Capital Co., a prominent Saudi academic, entrepreneur and angel investor, and Hattan Ahmed, Director of Entrepreneurship at King Abdullah University of Science and Technology (KAUST)
“Innovation and entrepreneurship are at the core of the technology sector, so it is fitting that the Rocket Fuel Start-up Pitch Competition will recognize some of the best start-ups worldwide as part of LEAP. Saudi Arabia is developing its own booming start-up ecosystem, supported by the Saudi government and private investors, and we look forward to welcoming outstanding international start-ups to join us in Riyadh for LEAP,” said H.E. Eng. Haitham Alohali, Vice Minister at Ministry of Communications and Information Technology.
“I am honoured and excited to be speaking at LEAP, which brings together the worlds of technology, entrepreneurship and innovation all in one place,” said Steven Bartlett, Founder of Social Chain and an investor on BBC One show Dragons’ Den.
LEAP is the largest debut technology event in history, taking place from the 1st – 3rd of February 2022 in Riyadh, and is set to become a truly global platform for the entire innovation ecosystem, connecting pioneers and disruptors with business and government leaders, entrepreneurs, investors and more to experience and learn about the technologies of the future.
The Rocket Fuel Start-up Pitch Competition is taking place as a part of LEAP’s Investor Program, which will connect local and international VC investors and funds through an exclusive line-up of matchmaking, networking and investment events that will take place during LEAP.
The investor program will include workshops, 1-on-1 meetings and after-hours functions, to connect VCs and funds from the Middle East region with new tech-focused investment opportunities, as well as supporting local start-ups to explore potential new sources of funding from outside the region.
“LEAP will feature an extensive, dedicated program of activities for investors in line with Saudi Arabia’s aims of developing its own entrepreneurial ecosystem and technology industry. Informa is very excited to be organizing the program and the Rocket Fuel Start-up Pitch Competition to showcase the ingenuity and business potential of local and international start-ups and to connect them with a global investor audience,” said Michael Champion, Regional Executive Vice President – MEA at Informa.
Entries for the Rocket Fuel Start-up Pitch Competition close on 18th January 2022.
News
TEDxPAU 2024: Exploring New Possibilities and Shaping Tomorrow
TEDxPAU 2024 brought together some of the brightest minds and boldest voices on November 16th at the Honeywell Auditorium, Lagos Business School. With over 500 attendees eager to explore new possibilities, the event’s theme, ‘Shaping the Future,’ set the tone for a day filled with inspiration, reflection, and transformative ideas.
The day opened with a TED talk by TED founder Chris Anderson, followed by welcome remarks from the Vice-Chancellor of Pan-Atlantic University, Prof. Enase Okonedo. She encouraged the audience to embrace the theme, saying, “The future is now, and it is up to all of us to join hands to shape tomorrow.”
The sessions featured inspiring talks from visionaries like Akose Enebeli, who emphasized sustainable urban living by “building upwards instead of outwards,” and Goodnews Igwe, who stressed that creating value is key to success.
Temitope Runsewe championed Africa’s family values as a foundation for economic recovery, describing family businesses as “the future of Nigeria.” Prof. Fabian Ajogwu, SAN, advocated for affordable education to drive literacy and digital skills, while Michael Oluwagbemi sparked intrigue with his bold statement that “CNG is the new garri,” promoting energy innovation.
Ziad Maalouf shared leadership insights, underscoring personal growth as the key to scaling success.
Adesuwa Ifedi, Senior Vice President at Heifer International, spoke about the significance of scaling innovation from the inside out, urging organizations to embrace change-driven solutions. Dr. Peter Bamkole, Deputy Vice Chancellor of PAU, described entrepreneurship as “a catalyst for systemic change,” calling for the transformation of problems into solutions with far-reaching impact.
Dr. Cosmas Maduka, who shared his journey from adversity to global success, inspired the audience to embrace their gifts and believe in limitless possibilities.
The event ended with a fireside chat between TEDxPAU organizer Bella Victor and Dr. Maduka, who spoke about the importance of legacy and purpose. He encouraged attendees to see themselves as part of Nigeria’s solution and to embrace both the challenges and triumphs of the country’s journey.
Beyond the talks, TEDxPAU 2024 captivated attendees with musical performances, a spoken word piece, and a high-energy dance performance by different talents from the university.
The event also recognized its sponsors and volunteers, thanking them for their critical role in making the day a success.
In his closing remarks, Bella Victor expressed heartfelt gratitude, stating: “TEDxPAU was founded with the goal of giving back to this incredible school and creating a 360-degree impact—supporting our students, raising awareness for our school, and giving innovators a platform to reach a global audience. It’s inspiring to see how this event has grown and how each of you have played a part in that mission today. I thank our speakers, sponsors, volunteers, and every attendee who believed in this vision. Together, we are shaping the future.”
Attendees also enjoyed networking opportunities during breaks, sponsor exhibitions, and a private lunch for VIP ticket holders, who engaged in deeper conversations with the speakers about shaping tomorrow.
TEDxPAU 2024 once again reaffirmed its commitment to “ideas worth spreading” and left attendees inspired to take action. For recordings of the event and updates on future editions, stay tuned.
News
Head of Civil Service Celebrates 100 Days in Office with the Launch of Galaxy Backbone’s “Govmail”
In a landmark moment for Nigeria’s public service, the Head of Civil Service of the Federation, Mrs. Didi Esther Walson-Jack, OON, MINI, today marked her 100 days in office and officially launched three digital services platforms for the Civil Service.
These include, Govmail, ServiceWise GPT and the Federal Civil Service Online Portal. These platforms, underscore President Bola Ahmed Tinubu’s administration’s commitment to enhancing digital governance and driving innovation across the nation’s Federal Civil Service.
Govmail, an email platform developed and powered by Galaxy Backbone (GBB) is an innovative solution set to enhance communication, boost efficiency, and accelerate Nigeria’s digital transformation journey within the public sector.
Speaking at a meeting where the Govmail Interface was first officially presented and demonstrated to her, the Head of Civil Service expressed her excitement about the platform, stating, “GBB’s Govmail is unbelievably WOW!
This is a game-changer for our nation’s civil service, streamlining communication and creating a secure path to other government digital services. With Govmail, we are truly embracing the future of digital governance.”
Govmail is a secure, Nigeria-centric email platform designed by a team from Galaxy Backbone, exclusively for public service professionals. It ensures that all official communication are seamlessly managed while safeguarding Nigeria’s data sovereignty. The initiative emerged as a key outcome of the Digitalisation War Room, established by Mrs. Walson- Jack, to drive the implementation of cutting-edge digital solutions in government.
Commenting on this milestone, Professor Ibrahim A. Adeyanju, Managing Director/CEO of Galaxy Backbone, shared, “We are immensely proud to have developed this revolutionary platform, ensuring that every Nigerian civil servant has access to a robust and secure communication channel.
Govmail is not just about email—it’s about enabling productivity, efficiency, and sovereignty in governance. Galaxy Backbone remains committed to driving the digital transformation of Nigeria’s public sector.”
The Permanent Secretary, Federal Ministry of Communications, Innovation & Digital Economy, Engr. Faruk Yusuf Yabo emphasized the strategic importance of the Govmail for the nation’s Civil Service stating that “Govmail significantly reduces the government’s reliance on foreign email platforms, cutting costs and addressing licensing challenges. This is a commendable achievement by the Head of Service and the leadership of Galaxy Backbone.”
Through GBB’s dedicated efforts, Govmail will rapidly roll out email accounts to over 70,000 Federal civil servants across Nigeria, ensuring every government professional is equipped with a secure communication platform in record time. This initiative aligns with Nigeria’s goal of leveraging technology to build a digitally driven and globally competitive public service.
News
Senate Approves New $2.2Bn External Borrowing for Nigeria
The Senate has approved the new external borrowing plan request of $2.2 billion presented for consideration by President Bola Tinubu.
The approval followed the adoption of the report of the Senate Committee on Local and Foreign Debts at the plenary session on Thursday.
The report was presented by the Sen. Aliyu Wammako, chairman of the Committee.
President Bola Tinubu had on Tuesday, Nov 19, in separate letters to both chambers of the National Assembly, requested approval of a $2.2 billion external borrowing plan to part fund the N9.7 trillion deficit in the 2024 budget .
Senate upon receipt of the request, mandated its committee on local and foreign debts to expeditiously ensure further legislative inputs on the request and report back within 24 hours.
Presenting the committee‘s report, Wammako said the presidential request was very necessary for approval.
He said the loan request would be utilised for execution of ongoing projects and programmes in the 2024 appropriation act , saying that the projects were critical for national growth and development.
“It will contribute to the implementation of the debt management strategy, which seeks to reduce the cost of borrowing.
” It will lengthen maturity of the public debt stock, free – up space in the domestic market for other borrowers, and help increase Nigeria’s external reserves .” Wammako said Nigeria could raise all or part of the 2.2billion dollars through the issuance of Eurobonds in the International Capital Market ( ICM) .
Wammako thereafter is recommended as follows:
“That the Senate do approve the implementation of the new external borrowing of 2.2 billion dollars at the budget exchange rate of one dollars to N800 in the 2024 appropriation act and that the amount should be raised from one or more sources.
“Namely, issuance of eurobonds in the ICM, issuance of debut sovereign Sukuk in the ICM, and bridge, syndicated loans, subject to market conditions.”
The report was thereafter unanimously approved via an affirmative voice vote.
In his remarks after the approval, Senator Jibrin Barau, deputy president of the Senate, who presided plenary, commended the Wammako led committee for a job well done.
- News2 days ago
ALX Organises First-ever Business Showcase for its Community Entrepreneurs
- Telecom2 days ago
Treepz Embarks on Global Expansion Journey with Trade Accelerator Program
- Telecom2 days ago
Airtel Africa-UNICEF Partnership Connects 1,200 Schools, 1M Africa Children to Digital Education
- Telecom2 days ago
Kari Toriola: How Telecom Can Propel Nigeria to a $1 Trillion Economy
- Broadcasting3 days ago
Betland’s Impact: Dotun Ajegbile Drives Change in Underserved Areas
- Broadcasting2 days ago
Flymate Travel Unveils Visadoc App to Enhance Travel Convenience
- Telecom2 days ago
Galaxy Backbone, Bauchi State Government Sign Landmark MOU to Enhance Digital Infrastructure and ICT Capacity
- E-Business1 day ago
NDPC to Begin Prosecution of Data Privacy Offenders from 2025