NCC Unveils Plans For 2023 Annual ICT Innovation Competition
The Nigerian Communications Commission (NCC) has announced plans to organize the 3rd edition of its Annual ICT Innovation Competition which is committed to promoting innovation for the sustainability and continuous development of the Nigerian Communications Industry.
The event was introduced to keep up with its strategic intent as encapsulated in the National Digital Economy Policy and Strategy (NDEPS 2020-2030) pillar 8 “Indigenous Content Development and Adoption”
In line with this, the Commission is inviting Startups, Tech Hubs, Investors, and the ICT ecosystem to participate in the competition which is themed “Utilizing Indigenous Digital Solution to Bridge the Digital Divide.”
The ICT Innovation Competition remains a medium for showcasing talents and innovations in the ICT ecosystem. This is aimed at motivating and encouraging Nigerian youths to engage in innovative developments for the telecoms industry and improve the nation’s ability to compete in the global economy.
In addition, the Competition is designed to promote indigenous solutions to bridge the digital divide. The objective is to assemble Tech Hubs and Techpreneurs with solutions in respect of the theme to showcase their innovations and solutions.
To participate in the competition, prospective technology hubs and startups are required to submit proposals that are relevant to the ICT/Telecommunication industry, interested parties should be duly registered with the Corporate Affairs Commission of Nigeria (CAC), and there should be proof of concept (feasibility of idea with diagram, algorithm, etc.).
Also, there should be a novelty of the project, the pitch idea should demonstrate clear commercial sustainability and profitability framework, and team diversity and indigenous capacity to develop and support the solution.
Eventually, fifteen (15) Tech Hubs and Startups will be shortlisted to showcase their technologies to a Panel of Judges at the Digital Bridge Institute (DBI), Oshodi, Lagos Campus. Those shortlisted will be announced on the 23rd of January, 2023.
The Tech hub and Startups with the best three Innovative prototypes will be awarded cash Prizes of N2 million, N1.5 million, and N1 million, respectively. Consolation prizes will be given to the other competitors. Accommodation will be provided for the competitors for four (4) nights.
The deadline for submission of entries is the 15th of January, 2023. Shortlisted applicants will be announced on the 23rd of January, 2023.