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NCC Announces Application for its Annual ICT Innovation Competition and Exhibition

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Digital Start Ups - Investors King

The Nigerian Communication Commission (NCC) has announced its annual ICT innovation competition and exhibition.

The competition is committed to promoting innovation for the sustainability and continuous development of the Nigerian communication industry.

Similarly, its goal is to encourage Nigerian youths to engage in innovative development.

Pursuant to this, the Commission invites Startups and Tech Hubs as well as Investors and the ICT ecosystem to participate in the second edition of the NCC Emerging Technologies Annual Innovation Competition/Exhibition with the theme “Promoting Sustainable Digital Service Development in Nigeria.”

Prospective Technology Hubs and Startups entering the competition are required to submit proposals that meet the following criteria for consideration:

• The project should have clear relevance to ICT/Telecommunication industry.
• Interested participants should be duly registered with the Corporate Affairs Commission.
• Proof of concept (feasibility of idea with diagram, algorithm, etc.).
• Novelty of the project.
• The pitched idea should demonstrate clear commercial sustainability and profitability framework.
• Team diversity and indigenous capacity to develop and support the solution.
All applications should be online.
Each Team will Register and submit the following documentation:
A. 4 page Executive Summary of the project concept
B. 5-7 minutes video of the pilot project
C. Names, Age, contact details, passport photos and profile of all Team members.
D. Website

The Emerging Technologies Competition/ Exhibition 2021 will open on the 17th. It will close on the 26th of November 2021.

Twenty (20) Tech hubs/Startups will be shortlisted to showcase their technology to a panel of judges at the Digital Bridge Institute (DBI) Lagos Campus. Those shortlisted will be announced on 26th November 2021.

The Tech hub/Startups with the best three Innovative prototypes will be awarded cash Prizes of N2.5million, N1.5million and N1 million respectively.

The deadline for submission of entries is 29th November 2021 and shortlisted applicants will be announced on 3rd December 2021.

Interested and qualified Startups should submit the above documents in a zip folder to NCC. They can also visit the NCC website for more information.

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DAI Magister Academy Launched to Support Emerging Market Start-up Founders

First cohort of ten African start-ups completed as Academy unveils broader roll-out

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A new Academy for early-stage companies has been launched by DAI Magister, the boutique investment bank offering full advisory services for transactions within the climate, fintech, tech-enabled commerce and communications sectors.

The DAI Magister Academy is a free service aimed at companies that have already raised at least $2m, and who are looking to raise a larger round, but one that is below DAI Magister’s traditional $30m+ round size focus.

The Academy has already provided this service successfully to its first cohort of ten African companies and is now rolling out more broadly across the African ecosystem and eventually into other emerging markets such as MENA and Pakistan. In addition, the plan is to provide this service to companies in Europe focused on climate tech, where DAI Magister has deep expertise.

Victor Basta, Co-Head, DAI Magister Ltd, stated: “We have developed this individualized program to stand apart from the traditional and more generic set of services generally offered to early-stage companies.  For us the primary focus is to provide free, tailored advice to each specific company.  This means a far more responsive and knowledgeable approach based on local market experience. To date we have run ten companies through the Academy from across Africa and the response has been terrific.

“Our objective is to help founders and start-ups to focus on what that company needs to improve, highlight and/or get right before it raises a larger round.  Founders get one go at this often challenging milestone, so it is imperative they get the basics right to secure a successful next round of fundraising.”

The DAI Magister Academy focuses on three core areas: reviewing and challenging equity stories; reviewing target investor lists and suggesting additional potential investors; and reviewing the company’s financial model and suggesting improvements where necessary.

Individualized support is provided to each company in the Academy, spending time with the team to understand the business and its focus, as well as analyse how it performs against the three core metrics. The output is a specific customised confidential feedback report.

Basta concluded: “For those founders and companies with huge ambition, the DAI Magister Academy is a resource we would urge them to take advantage of.  This service is entirely free with the work being done by the same professionals who advise larger companies through significant fundraises.  The teams therefore have the knowledge and experience of knowing what best-in-class looks like when an ambitious business looks to raise $30m+ and eventually much more.”

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Fintech Startup Carbon Finance Partners Carepay to Eliminate Limitations in Accessing Quality Healthcare Services

Carbon Finance a Nigerian fintech startup that provides access to basic financial services has partnered with Carepay a healthcare startup to provide its customers with discounted services on their healthcare needs.

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Carbon - Investors King

Carbon Finance, a Nigerian fintech startup that provides access to basic financial services, has partnered with Carepay a healthcare startup to provide its customers with discounted services on their healthcare needs.

Through this partnership with Carepay in an effort to improve access to healthcare services, Carbon Finance will offer support to customers by offering discounts when payment is made with their Carbon debit cards within the designated Carepay healthcare provider network. These discounts will be received in the form of cashback to their Carbon accounts. 

Speaking about the partnership, Carbon’s Co-Founder Chijioke Dozie Said, “This partnership is a milestone accomplishment as it’s the first brand association of CarePay’s healthcare discount program with a Nigerian fintech company.” 

“At Carbon, we believe our consumers deserve only the best, that’s why we are leveraging a powerful partnership to eliminate financial drawbacks and limitations to accessing quality healthcare. This is one of the many ways we at Carbon show customers we care.”

Also speaking on the partnership, CarePay Nigeria’s Managing Director Yomi Sule said, “This partnership with Carbon is a validation of our healthcare discount business model which allows financial service enterprises to embed healthcare benefits such as discounts, cash backs, and telehealth into their value proposition in order to drive affordability of healthcare services for their customers and brand loyalty for the enterprises.”

“CarePay’s innovative healthcare discount program, which is the first of its kind in Nigeria, has a preferred provider network that includes leading healthcare merchants such as MedPlus Pharmacy, Synlab, Outreach Hospital Group, Smile360 Dental, Lily Hospital Group, Exclusive Dental, Amara Medicare, Shield specialist hospitals, Pure Snow Dental, Bethel Dental, Optilens eye clinic, and hundreds more, from which the discount program subscribers can access sizable discounts negotiated by CarePay.”

“Providing more context to the many benefits that Carbon customers stand to benefit from, Sule also positioned that, “With only 10 million Nigerians, which is less than 5 percent of the population currently covered by health insurance, this creates a great concern.

“By partnering with Carepay, Carbon Finance will offer cashback in form of healthcare discounts to their debit card customers. Healthcare should be affordable, and with a Carbon debit card, customers stand to enjoy up to 25% cash back at designated healthcare providers enlisted in the CarePay healthcare discount program”.

It should be recalled that in 2021, Investors King had reported that Carbon Finance processed ₦96.54 billion ($240 million) payments in 2020.

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Sendy Partners With Meta to Offer Free Training to SMEs in Kenya And Nigeria

Kenyan logistics startup that connects clients to drivers Sendy, has partnered with Facebook parent company Meta, through the Innovation growth hub (IG Hub) to train small business owners and entrepreneurs in Kenya and Nigeria.

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Kenyan logistics startup that connects clients to drivers Sendy, has partnered with Facebook parent company Meta, through the Innovation growth hub (IG Hub) to train small business owners and entrepreneurs in Kenya and Nigeria.

The two-day training which is slated to hold between September 28 and 29 will educate business owners and entrepreneurs on the necessary digital skills and information they need to acquire to scale their business.

Through its partnership with Meta, Sendy disclosed that these SMEs, Small Business Owners, and entrepreneurs will be empowered on how to leverage digital skills using Meta Platforms; Facebook, Instagram, and WhatsApp to position their business for growth.

They will be trained on how to amplify their business online presence, target customers on social media, as well as creating engaging ads, virtual stores amongst others, on the different social media platforms.

Speaking on the program CEO and founder of Sendy Mesh Alloys said, “Social media has evolved to be a critical enabler supporting the growth of many businesses.

“We believe that this partnership with Meta through the IG Hub will provide a platform for businesses to leverage the power of digital platforms for growth. This also speaks to our continued efforts to empower more businesses using our solutions”.

Also commenting on the program is the CEO of IGHub Daniel Chinagozie who said, “In 2022 Innovation Growth Hub (IGHub) is working with META formerly Facebook to train 8000 Small Business owners in Nigeria, and this IGHub is working with organizations and clusters to reach small businesses and Sendy has shown great interest in their customers and SMEs within their network and is partnering with IGHub to reach Business owners with MetaBoost Training”.

Since its inception, the Meta Boost training has helped thousands of small and medium-sized businesses across Africa, to learn how they can use digital tools to scale their business.

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