Wow! NCC Offers N6million To Tech Innovators – Faqontech

Wow! NCC offers N6million to Tech innovators

by Ayorinde Ayodeji

The Nigerian Communications Commissions (NCC) has offered N6 million to the three technological innovators at the three-day maiden edition of the commission’s competition and exhibition.

The best and first prize of N3million was given to founder, Qatalog Automates, QMartins Fidelis; WICRYPT was awarded N2 million in the second place, while Phaheem Pharmaceuticals Limited was awarded N1 million as the third place.

On the event theme “Promoting innovation and creativity in the telecoms sector”, the EVC said through the exhibition, the commission will assist contestants to bring their ideas to fruition and give them the platform to present their innovations to both local and global venture investors.

According to Nwokonneya, the Federal Government had recently adopted a digital economic framework that will fast track the country’s agenda to tap from the enormous potentials of the 4th industrial revolution.

“The Commission is committed to deliver on the mandate to facilitate the development of the core pillars of digital infrastructure, digital platforms, digital skills acquisitions and digital entrepreneurship,” he stressed.

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On the progress of the industry in 2019, he said: “We have done very well looking at the number of active lines now at 174 million connected lines. We are at 37 per cent for broadband connections. The telecom is still work in progress.

Tech Veteran and one of the judges, Chris Uwaje, said the specialised innovation competition was to encourage and challenge youths to do more. 

“With the youth statistics that is close to 70 per cent, they are doing a lot of things that is yet to be discovered. We are in the era of digital discovery for the talents in Nigeria and Africa in general. It should not be yearly but a quarterly event because the populations to be addressed are many.

“We can then move into specialised domain where there are innovation competition for law, cyber security and other sectors,” he added.

After series and rounds of presentations, discussions as well as questions and answers sessions by the panel of judges and focusing on local content component of the innovators’ business plans, 10 best-in-class innovative ideas, were shortlisted out of the 25 tech innovators from the six geopolitical zones of Nigeria.

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