TRENDING STAR reports that GITEX is an annual Information and Communication Technology trade show, exhibition, and conference that takes place at the Dubai World Trade Centre, Dubai, United Arab Emirates.
This year’s event, which is scheduled to hold from October 14 to 18, is billed to showcase the global technological advancements and innovations in the domain of consumer electronics.
In a statement on Thursday, the Head, Corporate Affairs and External Relations, NITDA, Hadiza Umar, said the event will provide platforms for accelerating investment-ready start-ups and expose them to international investors.
According to her, the event will also avail the start-ups the networking opportunities, partnerships and access to witness emerging technologies that are changing the world.
Mrs Umar added that the six successful start-ups for this year were drawn from the six geo-political zones of the country.
TRENDING STAR reports that Arone, a start-up drawn from South East, is a technology for transport and Logistics Company to solve the problem of lack of accessibility to medical supplies.
Beepower, a start-up drawn from the North East, is a product that allows the use of one single source to power up multiple devices with different power requirements.
Domenium, a start-up from the South South, is a solution designed to help police obtain evidence for crimes, while Max, a start-up from the South West, is a technology for transport and Logistics Company that makes moto-taxis safe, efficient, and accessible to users in West Africa.
Others include the Off-k.com, a start-up from the North West, which is an online platform that helps students conveniently locate and securely pay for accommodation off campus.
While Wattlinq from the North Central is a power technology with a website that provides services that monitor and manage energy availability and usage in homes.
Speaking on the selection criteria for the start-ups, Mrs Umar noted that the selection was rigorous carried out in three stages with judges drawn from Government MDAs, Technology Hubs, academia, investors, professional associations and the ICT industry.
According to her, 500 submissions were received due to wide reach of the call for application.
She disclosed that, “in the first stage, idea stage startups were disqualified, resulting into the shortlisting of 143 startups with technology products or technology enabled enterprisers for the second stage.
“The second stage of the selection was a critical review of the successful stage one pitch decks based on criteria such as innovativeness, the startup is solving a real life problem, business model, traction, competitive advantage and team structure.
“In the third and final stage, online pitching was conducted for two (2) startups from each region and the best six (6) startups emerged and represent the 6 geopolitical regions.”
Mrs Umar said previous attendance has recorded several successes with Nigerian startups coming top in pitching sessions and winning cash prizes as well as acceleration opportunities.
She also revealed that ten startups from the GITEX submission were selected to participate in Startup Friday, Abuja to ensure continuous support of the ecosystem with twenty more scheduled for November 5 to7.
No comments