The 2019 Union Bank edTech Challenge is the third edition of the annual Innovation Challenge series and aims to discover, showcase and support innovative, cutting-edge technologies with the potential to transform Nigeria’s education system. The Challenge reinforces our commitment to innovation and education, underpinning our dedication to enabling success in Nigeria.
Eligibility:
The Challenge is open to anyone with solutions that demonstrate a strong potential to transform the education system in Nigeria including but not limited to students, teachers, developers, designers, fintechs, tech companies etc.
Prizes:
- Access to Acceleration program: The Top 10 entries will be admitted into an acceleration program where they will get access to Coach-Mentors, Capacity Building, and a Community of Education stakeholders and strategic partnerships.
- Access to Union Bank’s network of education customers and opportunities to provide global visibility for scale.
- Funding support towards scaling up a solution: The top 3 entries will receive a sum of N5m (1st – N2.5m; 2nd – N1.5m and 3rd – N1m)
- Venture support to the winners which includes; supporting each solution to scale which will include linking and identifying relevant stakeholder to buy into a solution and providing specialized support based on the specific needs and advisory regarding the deployment and management of funding received.
Focus Areas:
We are looking for solutions that meet the needs of the Education Ecosystem/Stakeholders: Students, Teachers, Parents, School Owners/ Administrators, and Policy Makers/ Regulators. For example, a solution on improving student learning, a hub for lesson teachers, solution on rating schools in different areas or subjects to name a few.
Demo Day & Announcement of Winners:
After demo day, the top 3 winners will receive premium venture support from VHA Services for 12 weeks. This support will include guiding each solution to scale; linking and identifying relevant stakeholder to buy into solution and provide specialized assistance.
Timeline:
- Call for Entries – July 2019
- Announcement of Top 10 – September 2019
- Acceleration for Top 10 – September/October 2019
- Demo Day and Selection of Top 3 – October 2019
Application Deadline:
Applications for 2019 edTech Challenge will open on Tuesday July 30th, 2019 and close on Friday August 23rd, 2019. All dates are subject to change!!