Nigeria’s indigenous tech-powered mobility company NAIRAXI has emerged as the winner at the 3rd annual NCC ICT innovation competition in 2023.
The startup clinched the cash prize of 2 million naira following the remarkable demonstration of its capacity to bridge the digital gap by adopting innovative and creative tech solutions to drive economic development in Nigeria.
The competition which was organized by the research and development departments of the NCC was held at the NCC digital bridge institute, Oshodi, Lagos Nigeria, with the theme “Utilizing indigenous Digital solutions to bridge the digital divide”.
The competition which kicked off with over 1000 startup applications submitted, saw only fifteen (15) tech hubs and startups make it to the exhibition booths where they showcased their technologies to the panel of judges.
The tech hub startups with the best three innovative prototypes were awarded cash prizes of N2 million, N1.5 million, and N1 million respectively.
NAIRAXI emerged as the winner after showcasing its remarkable innovation to the judges, followed by the first runner-up FLOEWS, a software development company which received N1.5 million, and Tronix lab limited as the second runner-up, receiving N1 million cash price.
Speaking on emerging as the winner of the competition, NAIRAXI CEO Kingsley Eze described the victory as a reinforcement towards new technology innovation solutions for Nigeria. He further stated that the startup will not relent in the area of introducing, ensuring, and building new bridges in the nation’s digital divide.
Founded in 2020, NAIRAXI transport and logistics limited is a ride-sharing and on-demand e-commerce logistics platform where users can request taxi/bus rides and ship their valuable packages using NAIRAXI mobile applications.
The startup has a team of experienced professionals and a readily available technology solution that comprises three applications that form a single system which includes an integrated custom referral system.
Investors King understands that NAIRAXI during its commencement of operation disclosed that no fewer than 20,000 youths would be empowered in Nigeria and projected $2bn annually to support the nation’s economy.