A technology innovation centre, Co-creation Hub, is set to provide $700,000 in grants to tech startups based in Edo State through its Innovation Challenge and Support programmes.
CCHUB, working in collaboration with the Edo State Government, has called on startups to apply for these programmes to benefit from the grant. Under the programmes, 30 startups will receive $10,000 each, while another set of 20 startups will receive $20,000 each, bringing the total amount to $700,000.
Announcing the opening of applications via a statement at the weekend, the Cc Hub said it was assisting the Edo State government in strengthening its digital solutions ecosystem and encouraging innovation and entrepreneurship. The programmes are also being organised with the support of the Bill & Melinda Gates Foundation.
While calling for applications, the Hub said: “We are offering investment support to 50 startups through two programmes – the Inclusion-Focused Support and the Innovation Challenge Programme for diverse startups with underrepresented founders and teams (women) and the Innovation Challenge for all tech startups with innovative ideas and products, offering to fund for those with market potential.
“Dive into opportunity with our Inclusion-Focused Support Programme: 30 selected startups, each receiving $10, 000 for growth and innovation!
“Innovate, transform, and thrive! with our Innovation Challenge Program: 20 startups, each awarded $20, 000 to drive game-changing ideas forward!” Interested startups based in Edo State can apply here. According to the Hub, the deadline for the applications is February 12, 2024.
This initiative in Edo State aligns with the Investment in Digital and Creative Enterprises (i-DICE) programme of the Federal Government through which the government in collaboration with international bodies, is planning to invest $617.7 million in Nigerian startups.
