Up to N4.5m Funding up for Grabs!!
Union Bank has unveiled the 2021 UnionX Innovation Challenge support early-stage start-ups and boost innovation within the start-up ecosystem.
Tagged ‘A New Discovery’, this edition of the UnionX Challenge, will focus on discovering, showcasing, and supporting eligible entrepreneurs with innovative, technology-focused Minimum Viable Products (MVPs).
During the entry period which ends on March 14, 2021, early-stage start-ups registered in Nigeria are invited to submit innovative MVPs with the potential to transform society. These innovative MVPs should focus on sectors including, but not limited to, Financial Technology, E-Commerce, Health, Education and Agriculture.
The top three MVPs will receive cash prizes totaling N4.5million from Union Bank, in addition to a 2-month incubation programme with GreenHouse Capital, a leading fintech venture capital fund collaborating with Union Bank on the initiative.
In addition, the winners will leverage Union Bank’s network and value chain to further develop their solutions and scale for greater impact. They will also benefit from a range of services focused on product development, distribution and business modelling geared towards potential integration with the Bank.
The UnionX Challenge is the most recent in Union Bank’s Innovation Challenge series. Through the Centenary Innovation Challenge in 2017, the Campus Innovation Challenge in 2018, and the 2019 Edtech Challenge, Union Bank has discovered and supported innovative start-ups and solutions with the potential to drive sustainable impact and development in Nigeria.
Terms and conditions apply.
Former Governor, Bank of England Carney Joins Stripe Board
Former governor of the bank of England Mark Carney has joined the Board of directors of hot Web payments firm Stripe.
Ten years since launching, Stripe’s infrastructure powers hundreds of billions of euros of payments for businesses in over 140 countries and territories around the world.
The company, which last raised a $600 million series G in mid-2020, is currently contemplating an IPO that would give it a valuation of $105 billion.
Says Carney: “The very nature of commerce has changed over the past decade. Stripe has been at the forefront of enabling this new digital economy, providing innovative and resilient global payment solutions to businesses large and small. In the process, Stripe has been breaking down barriers to global trade and accelerating economic output.”
The former governor of the Bank of England is currently playing a key role in the battle against global warming as the UN Special Envoy for Climate Action.
Stripe says it expects to benefit from Carney’s leardership role in sustainable finance as it rolls out a global climate effort, enabling millions of businesses to bring more funding to emerging carbon removal technologies,
“As Stripe enters its second decade, Mark’s unparalleled experience of the highest levels of financial services and central banking will be of enormous benefit as we work to grow the GDP of the internet.” says John Collison, co-founder and president of Stripe. “From his desire to see faster settlement systems to his commitment to climate change mitigation, Mark’s values align with ours. We’re delighted he’s joining our Board of Directors.”
LaPRIGA Awards Recognises MTN Nigeria For Community Relations
Leading telecommunications services provider, MTN Nigeria has been recognised for best practices in Community Relations efforts through its social investment arm, MTN Foundation, at the fifth edition of the Lagos Public Relations Industry Gala and Awards (LaPRIGA).
The annual event organized by the Lagos State Chapter of the Nigerian Institute of Public Relations (NIPR) was created to celebrate exemplary practices, professional accomplishments and long-standing leadership roles of stakeholders, PR practitioners, the media and corporate organisations. Through the awards, the Lagos State Chapter of NIPR aims to boost adoption of global best practices while in turn increasing awareness for the role of PR.
Commenting on the recognition of MTN Foundation’s efforts, Nonny Ugboma, Executive Secretary, appreciated the Lagos State chapter of NIPR for recognising MTN Foundation’s impact in over 500 communities across Nigeria. According to her, “We understand the crucial role PR practitioners play in strengthening relationships between corporate organisations and their stakeholders. At MTN Nigeria, we have enjoyed mutually beneficial relationships with media practitioners through which we have been able to reach more host communities with our health, education and economic empowerment projects.”
“We are honoured to not only receive this award but to have been nominated alongside other outstanding organisations. We remain committed to improving quality of life for Nigerians on a sustainable basis.” She added.
In 2019, MTN won two LaPRIGA awards for best in Crisis Management and Excellence in Internal Communication, this is in addition to a long list of decorations for the brand this year, including the 2020 Nigeria Risk awards for the most responsive organisation to the Covid-19 crisis, brand of the year at the Marketing Edge and Brandcom awards, Investors in People Employer of the Year awards, among others. Since inception, the Foundation has spent over N22 billion in 852 people-centred projects across the 36 states and the FCT, and impacted over 18.6 million lives.
Established in 1963, the Nigerian Institute of Public Relations (NIPR), is the non-governmental, not-for-profit professional body of qualified Public Relations practitioners chartered by Decree 16 of June 1990 (now an Act of the Federal Republic of Nigeria) to regulate the practice and direct its development.
Good Together: MTN Nigeria and uduX Partner to Deliver Quality Music Content
MTN Nigeria today announced a new partnership with uduX, Nigeria’s first domestically launched music streaming service which offers users access to high-quality audio and HD music videos. The partnership will see MTN subscribers gain access to discounted data bundles for accessing content and streaming unlimited music on the uduX app.
Srinivas Rao, Chief Digital Officer, MTN Nigeria, described the partnership as reinforcing the company’s Good Together mantra, which advocates collaboration as a way to foster growth in different sectors of the economy.
“Our young customers are passionate about music. That is why we have consistently supported the development of the local music industry. We’ve partnered with uduX because we believe in their capacity to deliver high-quality, curated music from around the world, and contribute immensely to the continued growth of the music industry in Nigeria.”
“If you want to go fast, go alone; if you want to go far, go together,” he added referencing the well-known African adage. “This partnership reaffirms our commitment to supporting the growth of indigenous companies and content through active collaboration.”
Also speaking, the Chief Executive Officer of uduX, Chidi Aneto Okeke said: ‘‘With all three global major record companies signed to uduX among many others, we will be bringing our MTN/ uduX audience the creme of the global music scene and its international superstars, and of course we are committed to showcasing the very best of our African artistes. Our partnership with MTN bodes well for the entire music streaming chain, and especially the artistes who will get a chance to earn from locally generated streaming revenue. We are thrilled to be working with one of Africa’s leaders in telecommunications.”
With a library of over three million local and international music tracks and videos, uduX enables artistes, DJs, music content providers and aggregators optimize revenue across Africa and beyond. The music industry keeps seeing a rise in local talents and platforms like uduX and MTN who have been at the fore of promoting local content continue to set the pace.
Customers can register for the service via MyMTN app or go to www.uduX.com. The uduX app is also available for download in the Google Play and App stores.
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