Join the FirstBank Fintech Innovators Challenge 2024 for African innovator, The FirstBank Fintech Innovators Challenge 2024 is a important initiative designed to foster innovation and entrepreneurship in the Nigeria financial and technology ecosystem. This innovative programme seeks to identify and support outstanding and groundbreaking ideas that can further transform and solve the problem of the banking and financial services, where these ideas are funded by the program.
By providing a supportive environment and mentorship to these ideas, the problem are then solved by the development of these
financial technology ideas that can address the evolving needs of Nigerian consumers and businesses.
The program requires.Participants to submit their ideas or prototypes, demonstrating their potential to disrupt the financial practices and create positive social and economic impact. A panel of industry experts will evaluate submissions based on criteria such as originality, scalability, market potential, and potential impact on financial inclusion.
The Key Focus Areas for the FirstBank Fintech Innovators Challenge for African are
- Digital Payments
- Financial Inclusion
- Blockchain Technology
- Artificial Intelligence (AI) and Machine Learning (ML)
- Cybersecurity
Objective of FirstBank Fintech Innovators Challenge
The objective of the FirstBank Fintech Innovators Challenge for African is to:
- Encourage and develop innovative thinking and problem-solving skills
- Help Foster collaboration between fintech startups and industry professionals
- Help to Develop solutions addressing in the real-world financial challenges.
Benefits of FirstBank Fintech Innovators Challenge
- Winner will get a Financial rewards up to $100,000.
- candidates will get Mentorship from experienced industry experts who can provide valuable guidance and support.
- Access to FirstBank's network and resources and can connect to other investors
- Winners will be given Visibility and recognition through media coverage which can help to raise their profile and attract attention.
Eligibility Criteria
- Candidates must be an Startups and innovators from Africa.
- Candidates must have Solutions that align with the challenge focus areas.
- Candidates must have Proof of concept or minimum viable product (MVP).
Application Process
- Visit the FirstBank Fintech Innovators Challenge 2024 website
- Apply for Online registration.
- Submission of business plan and pitch deck.
- Shortlisting and judging.
Conclusion
The FirstBank Fintech Innovators Challenge 2024 is an excellent initiative that offers a unique opportunity for Nigerian tech startups to showcase their talents and problem solving skills to impact on the financial services industry. By providing financial rewards, mentorship, and networking opportunities, the challenge empowers entrepreneurs to develop innovative solutions that can address the evolving needs of Nigerian consumers and businesses. As the Nigerian fintech ecosystem continues to grow and mature, the FirstBank Fintech Innovators Challenge will remain a vital catalyst for technological advancement and economic development.
Host: First Bank
Eligible Country: Nigeria
Deadline: October 27, 2024.
Post a Comment