Business Hilights
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Siemens, Edo hub cluster stake N3.5m on any App developed for power generation

Edo State Government has come up with an attractive competition amongst entrepreneurs at the newly launched Edo Innovates tech cluster to develop an innovative power generation and distribution app.

Christened ‘The Hack Edo Series’, the multi-dimensional initiative will on delivery, attract N3.5 million prize money for the developer(s) if it resolves issues bordering individuals, businesses and the digital ecosystem on power.

Business Hilights recalls that not up to two weeks ago, the Vice President, Prof. Yemi Osinbajo, alongside Governor Godwin Obaseki, last week, launched the South-South Innovation Hub in the state, kicking off activities for the state’s fledging tech ecosystem at the remodeled Institute of Continuing Education (ICE).

The state government partnered with over 25 technology firms in setting up the facility, which will serve as a one-stop shop for training, incubation, acceleration for start-ups and Small and Medium Enterprises (SMEs) in the state.

Explaining more on the contest designed to raise the performance of the new hub, special assistant (SSA) to the governor on Skills Development and Jobs Creation, said “The Hack Edo Series which is being organized in partnership with Impact Hub and Siemens Nigeria, will leverage innovative technology to identify solutions in the area of power generation, adding that N3.5 million in cash prizes will be won by the best ideas”.

According to her, “starts-ups or groups with ideas can apply on the Edo jobs website, as deadline for application is on June 30.According to her, ‘through a series of practical Hackathons, ‘the Hack Edo series’ aims to equip young Nigerian innovators with the skills necessary to make impact in their various communities.’

“The series will help increase the number of individuals taking action on social and economic issues, build a collaborative community that tackles issues and identify the best ideas that will be supported through the incubation phase.

Continuing, Dare averred that “The hackathons will catalyse high-growth startups within Edo State, support development of ventures from ideation to commercialization and promote job creation and economic development”.

“This will drive and ensure the increased adoption of local technology by government, corporates and development agencies across Edo state and Nigeria, strengthen and raise the standard of startups in the region and deliver positive social impact returns to communities and people across the region,” Mrs. Dare noted.