Union Bank edTech Challenge 2019 for entrepreneurial Nigerian students (cash funding of 5 Million Naira)

Application Deadline: Friday August 23rd, 2019.

Jim Est FEED
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The 2019 Union Bank edTech Challenge is the third edition of the annual Innovation Challenge series and aims to discover, showcase and support innovative, cutting-edge technologies with the potential to transform Nigeria’s education system. The Challenge reinforces our commitment to innovation and education, underpinning our dedication to enabling success in Nigeria.

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Requirements:

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The Challenge is open to anyone with solutions that demonstrate a strong potential to transform the education system in Nigeria including but not limited to students, teachers, developers, designers, fintechs, tech companies etc

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Prizes:

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Funding support towards scaling up a solution: The top 3 entries will receive a sum of N5m (1st – N2.5m; 2nd – N1.5m and 3rd – N1m)

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Benefits:

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• Access to Acceleration program: The Top 10 entries will be admitted into an acceleration program where they will get access to Coach-Mentors, Capacity Building, and a Community of Education stakeholders and strategic partnerships.
• Access to Union Bank’s network of education customers and opportunities to provide global visibility for scale.
• Funding support towards scaling up a solution: The top 3 entries will receive a sum of N5m (1st – N2.5m; 2nd – N1.5m and 3rd – N1m)
• Venture support to the winners which includes; supporting each solution to scale which will include linking and identifying relevant stakeholder to buy into a solution and providing specialized support based on the specific needs and advisory regarding the deployment and management of funding received.

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Focus of Challenge

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Union Bank edTech Challenge is looking for solutions that meet the needs of the Education Ecosystem/Stakeholders: Students, Teachers, Parents, School Owners/ Administrators, and Policy Makers/ Regulators. For example, a solution on improving student learning, a hub for lesson teachers, solution on rating schools in different areas or subjects to name a few

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Selection Process:

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Top 10 Acceleration Process

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In September, the top 10 entries will be jointly selected by members of the jury. All applicants will receive necessary information on the status of their entries via email and/or SMS notifications.

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The top 10 entries will be admitted into an eight weeks acceleration program where they will get access to Coach-Mentors, Capacity Building, a Community of Education stakeholders and strategic partnerships. In addition, they will gain access to Union Bank’s network of education customers and opportunities to provide global visibility for scale.

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Demo Day & Announcement of Winners

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After demo day, the top 3 winners will receive premium venture support from VHA Services for 12 weeks. This support will include guiding each solution to scale; linking and identifying relevant stakeholder to buy into solution and provide specialized assistance

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Timeline:

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• Call for Entries – July 2019

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• Announcement of Top 10 – September 2019

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• Acceleration for Top 10 – September/October 2019

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• Demo Day and Selection of Top 3 – October 2019

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For More Information

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Visit the Official Webpage of the Union Bank edTech Challenge 2019

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