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Innovation scheme set for second phase

07 March 2014, 09:47

Abuja - The Minister of Communication Technology, Omobola Johnson, is scheduled to launch the second phase of the Techlaunchpad initiative on Friday.

The first phase will lapse on the day.

“The phase one of the Techlaunchpad initiative was launched in December 2012 as a collaboration between the Federal Ministry of Communication Technology and industry partners to nurture and develop software entrepreneurs to build successful software companies that will develop software solutions to support the financial services and oil and gas industry specifically,” read a statement from her office.

The office added that eight successful developers were inducted into the incubation programme at the iDEA Centre in June last year while the incubation process began in July.

“During the incubation period, incubates were provided with mentorship and support. Phase two of the Techlaunchpad initiative will focus on tech startups with solutions for agriculture, health, telecommunications, building /construction.”

The Ministry of Communication Technology launched the technology innovation programe to accelerate the access to market for the local software developers in the country. It was launched with a venture capital fund of US$15 million from both government and private investors.

The second phase will be launched at Oriental Lekki in Lagos.

– CAJ News

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