Technology innovation centre, Co-creation Hub has announced an investment of $700,000 in tech startups based in Edo State to apply through its Innovation Challenge and Support programs.
The initiative aims to accelerate the growth of technology-driven enterprises within the state.
Under the investment programs, a total of 30 startups are set to receive $10,000 each, while an additional 20 startups will be granted $20,000 each, aggregating to the $700,000 commitment by Co-creation Hub.
The programs are also being organised with the support of the Bill & Melinda Gates Foundation.
Working hand-in-hand with the Edo State Government, Cc Hub envisions strengthening the foundation of Edo State’s digital solutions ecosystem.
Cc Hub was co-founded by the current Minister of Communications, Innovation, and Digital Economy, Dr Bosun Tijani.
The Minister said, “We are offering investment support to 50 startups through two programs-the Inclusion-Focused Support and the Innovation Challenge Program for diverse startups with underrepresented founders and teams (women) and the Innovation Challenge for all tech startups with innovative ideas and products, offering funding for those with market potential.