World Courant
The Nigeria Sovereign Funding Authority (“NSIA” or “The Authority”) has introduced Cash Africa, the winner of the primary version of its innovation award at the NSIA Prize for Innovation (NPI) Demo Day occasion to be held in Lagos on Saturday June 24, 2024.
Led by Oluwatosin Olaseinde, the founder and CEO, Cash Africa presents gamified schooling and B2B2C companies to enhance the monetary literacy of its clients.
After a radical pitching course of on the demo day, the winners and runners-up had been introduced decided by an A-list panel of impartial judges together with Iyinoluwa Aboyeji, CEO & Common Companion, Fund For Africa; Juliet Ehimuan, Director, Google; Bosun Tijani, Co-Founder and CEO, Co-Creation Hub, Amal Hassan, Founder, CEO, Outsource World; and Tosin Eniolorunda, Founder, Moniepoint Inc.
The judges favored Cash Africa’s subject finest as a result of it was agile, adaptable and above all scalable. Extension Africa, an agritech startup, positioned second with a complete prize of $70,000 ($52,500 share contribution and $17,500 in money) whereas LegitCar, an insurance coverage engineering firm, was rated third with a complete value of $50,000 ($37,500 inventory contribution and $12,500 money).
In his commentary, the chief choose, Iyinoluwa Aboyeji, CEO of Fund For Africa, praised NSIA for pushing the boundaries of innovation by establishing the innovation award to assist burgeoning skills in Nigeria’s tech ecosystem.
Cash Africa wins the primary version of its innovation award on the NSIA Prize for Innovation (NPI) Demo Day occasion.
Talking on the occasion, Aminu Umar-Sadiq, Common Supervisor and Chief Government Officer of NSIA, stated: “When NSIA established the NPI, I doubt we anticipated that greater than 2,000 functions from a number of industries – together with healthcare, agriculture, synthetic intelligence amongst others – would are obtained. We’re delighted with the distinctive high quality of the ten concepts pitched to over 300 company and stakeholders on Demo Day. NSIA appears ahead to persevering with on this journey to catalyze the tech ecosystem in Nigeria.”
The winner and different finalists emerged from over two thousand entries obtained from throughout Nigeria. The candidates had been then pruned to 25 who continued to an intensive acceleration part after which the highest ten finalists, who threw by means of Demo Day had been chosen.
As a catalyst, the NSIA Prize for Innovation (NPI) was established in December 2022 for the fast-growing tech ecosystem and to create a platform for the invention of the subsequent unicorns. The NPI Demo Day was the closing piece of the 7-month program.
The occasion was attended by related leaders from the tech ecosystem, enterprise capital and personal fairness corporations, in addition to senior authorities officers, heads of monetary establishments and international missions.
The NSIA Award for Innovation is a multi-year dedication by the NSIA to empower enabling budding Nigerian techpreneurs and technovation. This system matches with NSIA’s concentrate on socio-economic development for Nigerians.
About NSIA
The Nigeria Sovereign Funding Authority (“NSIA” or “The Authority”) is one funding establishment of the Federation that was established for the administration of funds in extra of budgeted earnings from hydrocarbons. Its mission is to take a number one position in driving sustainable financial improvement for the good thing about all Nigerians by constructing a financial savings base for the Nigerian individuals, selling the event of Nigeria infrastructure, and offering stabilization assist in instances of financial stress.
NSIA manages three mandate funds: the Stabilization Fund, the Future Generations Fund and the Nigeria Infrastructure Fund. For extra data, go to www.nsia.com.ng
About NPI
NSIA Prize for Innovation (NPI) is sponsored by the Nigeria Sovereign Funding Authority (NSIA) to strengthen innovation in Nigeria’s digital ecosystem and assist home-grown options that may stimulate socio-economic improvement.
NPI is designed to encourage and assist ingenuity inside the digital ecosystem and finance growth-driven options at an early stage, with the intention of driving transformation financial development, enhancing the nation’s productive capability and creating jobs.
Cash Africa takes first place within the first version of the NSIA Prize for Innovation
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