The Nigerian Ministry of Communication Technology has launched a Technology Innovation Program called Techlaunchpad to accelerate the access to market for the local software developers in Nigeria. With venture capital fund of $15 million (from both government and private investors) to support this program and the other Incubation programs in Nigeria, the Ministry is poised to work with the private sector to accelerate the development of the local software industry.
Techlaunchpad – as an IT Accelerator – is a collaboration between the Ministry of Communication Technology and industry partners to nurture and develop software entrepreneurs/developers who have a vision to build successful software companies that support the Nigerian sectors such as financial services and oil and gas industry. The program partners include Chevron, ExxonMobil, Total, Shell, First Bank, Access Bank, Accenture, Digital Jewel and others.
Who Can Apply:
• Existing, new and aspiring software developers (company or individuals),
• Participants must be Nigerian citizens,
• Participants must be of a minimum of 18 years,
• Participants must be available in Nigeria throughout the duration of the program,
• Participants with business entities must be registered in Nigeria with a minimum of 51% local equity (i.e.. At least 51% of the company should be owned by Nigerians).
The deadline for applications for the first round is 11:59pm on February 24th 2013