Tech innovation hub, Co-creation Hub alias CcHub has announced a $700,000 investment in Edo State-based tech startups, aiming to fuel the state’s digital ecosystem.
This exciting initiative, launched on Friday, offers crucial funding and support to promising tech ventures in Edo.
The investment is divided into two programs, catering to diverse startup needs:
- Inclusion-Focused Support Program: This program awards $10,000 each to 30 startups with underrepresented founders and teams, particularly women.
- Innovation Challenge Program: This program offers $20,000 each to 20 startups with innovative ideas and market potential, regardless of founder demographics.
“Dive into opportunity,” Co-creation Hub beckons, inviting Edo’s tech talents to apply before the February 12 deadline.
This investment comes amidst a thriving tech scene in Edo State. In 2022, the state government reported an exponential rise in tech startups and entrepreneurial activity. With this momentum, Edo is poised to become a leading African startup hub, contributing significantly to the continent’s $6.6 billion startup ecosystem.
CcHub, co-founded by Nigeria’s current Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani, is partnering with the Edo State Government and the Bill & Melinda Gates Foundation to make this initiative a success.
This collaboration showcases a strong commitment to nurturing Edo’s tech talent and propelling the state’s digital future.