By Dipo Olowookere
As part of efforts to promote innovation in the education sector, one of the leading financial institutions in the country, Union Bank of Nigeria Plc, has called on those who have innovative, technology-driven solution with the potential to solve education challenges in Nigeria to enter for the 2019 edTech Challenge.
The bank, which is offering the sum of N5 million to winner of the competition, said in a statement on Tuesday in Lagos that entries would be received from July 30 to August 28, 2019, from anyone with cutting-edge technological solutions that demonstrate a strong potential to transform the education system in Nigeria.
In the statement obtained by Business Post, Union Bank those who qualify for the challenge include students, teachers, developers, designers, fintech or players in the tech space.
It was explained that at the end of the entry period, up to 10 shortlisted entries would be unveiled and the successful applicants invited to participate in an accelerator programme, providing them with access to coach-mentors, and a community of education stakeholders and strategic partnerships.
Following a pitch, the top three winners will be announced during edu360, Union Bank’s annual flagship education event scheduled to hold in October this year.
These top three winning entries will receive total funding support of N5 million towards scaling their solutions, and venture support including provision of specialised support based on their specific project needs. They will also receive advisory regarding the deployment and management of funding received.
Union Bank said it “acknowledges that innovation is important if we are to achieve the prosperous Nigeria we all dream about.
“That’s why each year since 2017, we have organised annual editions of The Innovation Challenge with the aim of discovering and supporting innovative ideas and solutions that solve social and business issues.”
It further said this year, the competition, which is being organised in partnership with VHA Services, will focus on unearthing education technology solutions, emphasising Union Bank’s focus on supporting the Nigerian education sector.
Interested persons can click HERE to read more information and submit their entries.
Modupe Gbadeyanka