TechEconomy
  • Privacy Policy
  • Manage Subscriptions
Wednesday, October 4, 2023
Advertisement
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Apps
      • Gadgets and Appliances
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Podcast
  • TECHECONOMY TV
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Apps
      • Gadgets and Appliances
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Podcast
  • TECHECONOMY TV
No Result
View All Result
Tech | Business | Economy
No Result
View All Result

Home » Two Nigerian Startups Win $300,000 At LEAP’s Rocket Fuel Pitch Competition in Riyadh

Two Nigerian Startups Win $300,000 At LEAP’s Rocket Fuel Pitch Competition in Riyadh

Joan Aimuengheuwa by Joan Aimuengheuwa
February 10, 2023
in StartUPs
0
Two Nigerian Startups Win $300,000 At LEAP’s Rocket Fuel Pitch Competition in Riyadh
Kashifu Inuwa, DG NITDA (middle), and the representatives of the two startups from Nigeria that won at LEAP2023

Kashifu Inuwa, DG NITDA (middle), and the representatives of the two startups from Nigeria that won at LEAP2023

Sifax
Advertisements

Two Nigerian startups emerged winners in different categories at the Rocket Fuel Pitch Competition, and are coming home with a combined total prize of $300,000.

It was a proud moment of excitement for the Nigerian delegation, led by Professor Isa Ali Ibrahim (Pantami), the Minister of Communications and Digital Economy, accompanied by Kashifu Inuwa, the Director General of NITDA, Prof. Umar Garba Danbatta, Executive Vice Chairman, Nigerian Communication Commission,  and the Engr. Tukur Muhammad Funtua, Managing Director, Nigerian Communication Satellite, that participated at the 2nd edition of the LEAP Technology Exhibition in Riyadh, Saudi Arabia.

According to a statement signed by Uwa Suleiman, Senior Special Assistant Media/Spokesperson to the Minister of Communications and Digital Economy, over 10,000 Startups submitted applications from different countries.

RelatedPosts

Venture Capital

The Evolution of Venture Capital: Solving for Early Stage Investing, Uniting for Impact Beyond Profits

October 3, 2023

OPay Reacts to Viral Video, Allegations of Fraud

October 3, 2023

After rigorous scrutiny, the applicants were down to 220, and only 90 startups were selected to pitch their business ideas in the semi-final. Eight Nigerian Startups participated at the semi-final, and three reached the final stage.

RiceAfrika Technologies – is a tech-driven agric optimisation startup that deploys IoT-enabled harvester and its FARMEasy mobile app for smallholder farming communities in Africa.

RiceAfrika believes Africa can feed itself and feed the world. It emerged as the global best in ‘The Tech for Humanity Award’ category and is coming home with 150,000 dollars.

While Wicrypt is an innovative Tech startup decentralising internet globally.

The startup has a custom OS and hardware that allows users to share data with people around them and charge an affordable rate also won 150,000 dollars after he was announced as the global best in the ‘The Into New World Award’ category.

Professor Pantami leader of Nigerian delegation expressed his delight while maintaining that Nigerian Startups have all it takes to compete with their peers in the global stage.

Two Nigerian Startups Win $300,000 At LEAP’s Rocket Fuel Pitch Competition in Riyadh
Prof. Isa Pantami, Minister of Communications and Digital Economy, leading the Nigerian delegation on a tour of the startups’ stands at LEAP2023

 

“I am so proud of our Startups who emerged as the global best in these categories. It is quite a long journey that followed rigorous process until the end; from over 10,000 applications to the final 12, in which three Nigerians took part and two emerged winners. We are delighted that our startups are not only amazing but went through a lot of nurturing and mentorship to be the best in the world,” he noted.

The Minister stated that Nigeria is on the right track in implementing its National Digital Economy Policy and Strategies to ensure that Nigerian Startups add value to the global tech ecosystem. We are building the ecosystem and making it more conducive for nurturing innovation-driven enterprises. Our startups are creating solutions for the local market that can easily scale to the global market.

“The journey started in 2019 shortly after President Muhammadu Buhari unveiled the National Digital Economy Policy and Strategy (NDEPS) for Digital Nigeria. Now we are reaping the positive benefits of our commitment. In the space of five months, we have Nigerians that are making us proud on the global stage.

“The eight entries from Nigeria competed with over 90 Startups in the semi-finals, showcasing their innovative ideas that will transform economies and solve pertinent issues around the world. Therefore, they emerged global best. They did not only pitch to win grants but also attended various knowledge-sharing sessions, conferences and investor meetings that have exposed them to numerous ways to accelerate their products for the best market fit. The startups intracted with the world’s best mentors, angel investors and venture capitalists.”

“It is also noteworthy that eight Startups we brought to this year’s LEAP, three made it the Grand Finale, two won, and are going back home to add value to our Digital Economy. On behalf of the Nigerian government, we sincerely appreciate the Digital Cooperation Organization (DCO) Headquarters, Riyadh, for sponsoring our innovative startups to participate and showcase their innovations to the world”, he added.

Prof. Pantami also said that the successes of Nigerian Startups in GITEX, Dubai, United Arab Emirates in October last year, and today in Riyadh, Saudi Arabia, is evident that the country’s innovators have accepted the challenge posed to them by the Federal Government to not stell as the African leaders but compute globally.

“The recent successes are the fruit of policies we put in place to ensure our Startups walk shoulder to shoulder with their counterparts in Europe, Asia and other parts of the world. Under President Muhammadu Buhari, the federal government appreciates the outstanding exploits of startups in the country, which are helping to create jobs, fast-track economic development, and also winning awards and grants amounting to millions of naira,” he concluded.

This year’s LEAP brought together breackthrough innovative ideas and emerging developments in technology under one roof. A landmark technology event that galvanised public and private organisations in the Kingdom of Saudi Arabia.

Five startups were crowned as category winners, and the sixth, Plastus Biotech, ascended to victory and held the LEAP 2023 Award for the best overall startup. All of this took place in front of seasoned judges, angel investors, tech experts and government stakeholders from around the world!

The six awards divided the startup entrants by size, scale, impact on society, amount of funding, years in business, and a number of employees. Judges for the competition include Ghazal Alagh, Co-founder, of Mamaearth and Judge, Shark Tank India, Baroness Karren Brady CBE, Vice Chairman of West Ham United Football Club, James Caan CBE, entrepreneur, businessman, investor, and former Dragon on BBC’s Dragons’ Den, and Steven Bartlett, entrepreneur, investor, podcaster, and current Dragon on BBC’s Dragons’ Den.

Advertisements
innovation
AIT
Advertisements
Tags: Kashifu InuwaProfessor Isa Ali Ibrahim (Pantami)RiceAfrika TechnologiesRocket Fuel Pitch CompetitionUwa SuleimanWicrypt
ShareTweetSend
Previous Post

5 Things Every Tech Bro Needs

Next Post

See 9 Ways AI is Powering Google Products

Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Related Posts

Venture Capital
StartUPs

The Evolution of Venture Capital: Solving for Early Stage Investing, Uniting for Impact Beyond Profits

by Techeconomy
October 3, 2023
0

In today's challenging economic landscape, the world of venture capital (VC) is undergoing a transformation that goes beyond the pursuit...

Read more
OPay Reacts to Viral Video, Allegations of Fraud

OPay Reacts to Viral Video, Allegations of Fraud

October 3, 2023
Bosun Tijani and ATCON, startups

Nigerian Government to Assist Startups Raise Funding to $5Bn by 2027

October 3, 2023
Hackapath The Deal Room

Hackapath ‘The Deal Room’, a B2B Matchmaking Initiative for African Businesses Aiming to Expand

October 2, 2023
Tanho Attah, the convener of SBIC

SBIC Challenge 2.0 Springs Surprises as N50,000 Winner Emerges

October 2, 2023
#SAIS2023 - SA Innovation Summit 2023 Ignites Change

#SAIS2023: SA Innovation Summit 2023 Ignites Change

September 30, 2023
Next Post
Google Products

See 9 Ways AI is Powering Google Products

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSLETTER

Subscribe

* indicates required
Techeconomy
Advertisements
Ad 15
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
​Sodiq Tijani Toju Africa

Meet Sodiq Tijani, a Product Expert and Entrepreneur Banking the Unbanked

March 2, 2023
Product Led vs Sales Led Business Models

Product Led vs Sales Led Business Models: What Startups Should Know

January 10, 2023
Samsung Galayx A04e - Cheapest Samsung Phones in 2023

Cheapest Samsung Phones in 2023

September 11, 2023
Sodiq Tijani Youcloudpay

How Sodiq Tijani is Empowering African SMEs for Economic Growth

February 9, 2022
Google Cybersecurity Scholarship

Google Recognizes Shortage of Cybersecurity Experts in Africa, Announces Scholarships

22

Ad Dynamo Has Eyes on Nigeria – CEO

19

Digital Marketing in Africa: Bringing Much-Needed Skills to Nigeria’s Youth

16

Ad Dynamo by Aleph Group Launches free Digital Academy

14
Digital Nigeria

NITDA Unveils Plan for Digital Nigeria 2023 Hackathon event

October 3, 2023
Telecoms contributions to GDP in Q1 2023 - NCC EVC Prof. Umar Danbatta's Transformation

Group Applauds Danbatta’s Transformative Achievements in Nigeria’s Telecom Sector

October 3, 2023
Venture Capital

The Evolution of Venture Capital: Solving for Early Stage Investing, Uniting for Impact Beyond Profits

October 3, 2023
AI will Drive Productivity & Decision-making

Trusted, Conversational AI will Drive Productivity & Decision-making – Here’s How 

October 3, 2023

Follow Us

MarkTECH

Adeola Adejokun on MarkTech - Music and Marketing
MarkTECH

Is Music and Marketing Truly a Match Made in Heaven?

by Techeconomy
October 1, 2023
0

Writer: ADEOLA ADEJOKUN Ah, the sweet melodies of music - a global language spoken and understood by almost everyone, everywhere....

Read more

WomenPreneurs

Hiring in South Africa by Jessica Hawkey redAcademy
WomenPreneurs

Women in Business: Q&A with Jessica Hawkey, Founder & MD of redAcademy

by Techeconomy
August 22, 2023
0

"Jessica Hawkey is the Managing Director of redAcademy"

Read more

BusinesSENSE For SMEs

Managing Difficult Customer
BusinesSENSE For SMEs

Five Keys to Managing Difficult Customers

by Techeconomy
August 23, 2023
0

You will at one point in your business be confronted with dealing with difficult customers. So, mastering the right strategies...

Read more
  • About Us
  • Career
  • Contact Us
  • Policy
  • en English
    • ar Arabic
    • en English
    • fr French
    • ha Hausa
    • ig Igbo
    • ru Russian
    • yo Yoruba

© 2023 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Apps
      • Gadgets and Appliances
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Podcast
  • TECHECONOMY TV

© 2023 Techeconomy - Designed by Opimedia.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.