Union Bank of Nigeria Plc recently celebrated 100 years of heritage & service. The bank used the occasion to announce the launch of the Centenary Innovation Challenge.
Powered by Lagos-based accelerator and incubator Co-Creation Hub (CcHUB), the challenge is aimed at finding and supporting great ideas that address the Sustainable Development Goals (SDGs) in entrepreneurial ways.
Otherwise known as the Global Goals, the SDGs is a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity.
With this in mind, the challenge seeks innovative ideas to address the biggest problems affecting how people live, work, socialise and do business in Nigeria, particularly those that improve financial inclusion, agriculture and education of Nigerians.
Three winners will be selected, following the applications, idea sprint, pitch preparation and pitch session phase, and rewarded with cash prizes and further incubation support at the Co-Creation Hub (CcHUB) with full engagement with Union Bank.
“The innovation challenge will engage eligible young and talented people across Nigeria to submit novel ideas to specific problem areas or thematic issues of interest to Union Bank,” the bank stated in a post.
It added, “We will encourage applicants to propose innovative ideas that solve fundamental social and commercial challenges faced by Nigerians in a range of sectors starting in one community but potentially scalable across the nation.”
The challenge is open to university students, software developers, academics and entrepreneurs across the country. Applications with close on 19 May 2017. The winners will be announced some time in June 2017 and incubated till December 2017.