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

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

AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

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


Over 10,000 Startups submitted applications from different countries. 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 – 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.
“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.

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Tree4Life Project: NEPL/Seplat JV, Edo Sign Reforestation Agreement

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The NNPC Exploration and Production Ltd/Seplat Energy Joint Venture and the Edo State Government have signed an agreement that will see the state government allocate 6,000 hectares of land from its protected forest reserves to enable a large-scale tree planting initiative by Seplat Energy Plc.

This is in furtherance to the Seplat Tree4Life Initiative and the Edo State Government’s identification of the need to increase forest cover and carbon sequestration efforts within the region.

Seplat Energy has been selected as the partner to implement this reforestation project, which aims to plant millions of indigenous trees on the allocated land over the next five (5) years. This project represents a significant investment in environmental conservation and sustainable development for the state.

Speaking at the agreement signing ceremony, which happened in Edo State Government House, the Managing Director, Seplat West Limited, Seplat Energy, Ayodele Olatunde, said the partnership will contribute in the global efforts around mitigating the effects of climate change, whilst providing economic, social, health and other environmental benefits to the region.

“This will stir more advocacy as far as climate change is concerned and put the Edo State Government with the Seplat JV on the map as change agents. The partnership is well aligned with our Tree4Life Initiative and has the capacity to boost our economy and the environment; advance our soil health and drive carbon capture; preserve our ecosystem; enhance biodiversity; create jobs; conserve our forests; and promote physical and mental wellbeing of our people,” Olatunde said.

The Commissioner for Environment & Sustainability, Edo State, Joshua Omokhodion, said the synergy between Edo State and the Seplat JV is a huge attempt at mitigating the impacts of climate change in Nigeria. “Beyond the economics of this move, the science of it is very important to us because it is an attempt to deliberately create an ambience that will be conducive for humans and other creatures here.”

The Director, External Affairs & Social Performance, Seplat Energy, Chioma Afe, in her address, thanked the Edo State Government for partnering with the NEPL/Seplat JV on this sustainable journey of reforestation.  She said: “This will drive forward our shared goals of environmental conservation and sustainable land use.

“These 6,000 hectares of land being allocated today, we believe, will provide a major boost to efforts at increasing tree cover and also to sequester carbon in our region. We believe also that this will not only tackle climate change, but will promote the local economy as well as local wildlife. The agreement demonstrates the NEPL/Seplat JV strong commitment to supporting impactful environmental projects.

The Managing Director, NEPL, Nicolas Foucart, represented by Mr. Uzoma Ezulu, DM Operations Management Seplat, NEPL, said the partnership between the state government and NEPL/Seplat JV is a laudable response to the global warming crisis. “The world is turning around for the worst; human activities in the name of development have done more harm than good to the environment. The Tree4Life project, therefore, is a conservative effort for all of us,” he said. Teasoo Consulting Limited was also among the facilitators of the agreement signing ceremony.

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GRMA To Partner NiMet In Climate Risk Modeling

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

The Global Risk Modelling Alliance (GRMA), has expressed a willingness to partner the Nigerian Meteorological Agency (NiMet), in creating and enhancing access to risk data and models.

During a courtesy visit on the Director General, Chief Executive Officer of the Nigerian Meteorological Agency (NiMet), and Nigeria’s permanent representative with WMO, Professor Charles Anosike, on Thursday, 2nd May, 2024, Alastair Norris and Renuka Srinivasan from the GRMA said the proposed partnership will also cover application of open source platforms and open standards designed to inform risk financing, and providing technical assistance via strategic and operational projects co-defined with key stakeholders in Nigeria.

According to Prof. Anosike, “Nimet welcomes the idea of the proposed partnership with GRMA to support our efforts and improve our forecasting and dissemination capacity”.

He further stated that the agency provides early warnings to farmers and other stakeholders by downscaling and disseminating the seasonal climate prediction (SCP). Professor Anosike also highlighted that pilot briefings and daily advisories on weather and climate conditions are other ways NiMet provides early warnings to the aviation sector.

The Global Risk Modelling Alliance (GRMA) is a technical assistance programme funded by the German government. GRMA leverages public and private sector risk expertise to enhance capabilities in vulnerable communities to undertake risk analytics.

Falemi Ayodeji of The National Council on Climate Change, NCCC, accompanied the GRMA team during the courtesy visit. Mrs Gloria Onyegbule, Director, Department of Applied Meteorological Services (DAMS), and Mr James Ijampy, Chief Meteorologist at NiMet, were also present.

PHOTO STORY

Left to Right; Alastair Norris of The Global Risk Modelling Alliance (GRMA), Professor Charles Anosike, Director General, Chief Executive Officer of the Nigerian Meteorological Agency (NiMet), and Nigeria’s permanent representative with WMO, Renuka Srinivasan of the GRMA, and Falemi Ayodeji of The National Council on Climate Change, NCCC, during a courtesy visit on Prof. Anosike at NiMet Headquarters in Abuja, on Thursday, 2nd May, 2024.

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Food Security: NITDA, USAID to Partner in Tackling Food Insecurity

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AJAGBE ADEYEMI TESLIM

SPONSORED BY: H&H

With over 70 million arable land enough to feed not just Nigeria but Africa, the Director General, National Information Technology Development Agency (NITDA) has said that the Agency is willing to partner with the United States Agency for International Development (USAID) and relevant stakeholders to tackle food insecurity in Nigeria.


The Director General made this known while receiving representatives from USAID led by Josh Woodard Senior Digital Advisor Bureau for Resilience, Environment, and Food Security, at the Agency’s Corporate Headquarters in Abuja.

The purpose of the visit was to have a rapid landscape assessment of digital agriculture in Nigeria and partner with NITDA.


Inuwa said, “One of President Tinubu’s areas of focus is boosting agriculture to achieve food security, and at NITDA we were set up to develop the National IT Policy, and IT policy is not just about developing IT but developing IT to boost productivity across all critical sectors including agriculture.”


“That is why we do a lot of initiatives in trying to see how we can build an agriculture Strategy with IT in mind and make it a more attractive business to the younger generation,” he added.


Inuwa stated that NITDA has identified six emerging technologies, that will aid in achieving food security in Nigeria. He said “We have an Artificial Intelligence (AI) Strategy co-creation workshop going on, which started on Monday, where we are working with the ecosystem to develop a strategy on how to use AI in agriculture, health, education, and so on.


“We are working on how to use the Internet of Things, (IoT) in agriculture for crop monitoring, soil monitoring, precision irrigation, climate monitoring livestock monitoring, and so on.”


“We are working using Unmanned Aerial Vehicles, (UAVs) to facilitate pest detection, water control, yield assessment, and so on.”


We are working on using Blockchain for the traceability of farm produce from farm to store, record keeping, quality assurance, and so on.”


“We are working on using Robotics to enhance productivity in agriculture in terms of automation of physical farm processing like weeding, harvesting, tractors, and many more.”


“For additive manufacturing, we are working on using it to upscale our manufacturing industry in the Agricultural sector for the production of crop and soil monitoring devices, customised equipment, and many more.”


Speaking on NITDA’s commitment to ensuring that Nigeria develops its digital offering in-country, Inuwa noted that the Nigeria Startup Portal was launched during the week with over 12,000 startups registered so far. He said they would be labelled after which they could have access to incentives.


Earlier Josh Woodard, USAID said that the meeting was to enable USAID to have first-hand information on what Nigeria is doing in digital farming to see how to enhance the integration of digital technology in agriculture.


He revealed that USAID recently launched the Global Food Security Strategy for Nigeria (2024 -2029) in collaboration with the Federal Ministry of Agriculture and Rural Development.


He said, “We want to work with all stakeholders to ensure food security in Nigeria.”


The meeting discussed the National Adopted Village for Smart Agriculture (NAVSA) in relation to the success stories the initiative has recorded, the expansion strategy it is adopting and call on the USAID to be part of the initiatives.

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