Union Bank, CcHub launches the Centenary Innovation Challenge ...
Tom Jackson,Disrupt Africa Nigeria’s Union Bank and the Co-Creation Hub (CcHub) have partnered to launch the Centenary Innovation Challenge, which marks the bank’s 100th anniversary and is aimed at providing support to tech startups. The challenge is aimed at businesses and ideas in the areas of financial inclusion, education and agriculture, with applications open until May 19. A total of 10 startups will be selected to take part in an intensive bootcamp aimed at helping them develop their ideas. The startups will then pitch to a panel of experts, with three winning companies sharing a total of NGN4.5 million (US$15,000) in prize money. “As an institution we are taking the lead in tackling social problems in communities where we do business in a sustainable way. Last year, we kicked off our first ever internal innovation challenge in the bank, and we are currently working on implementing the transformational ideas that came through that would al...