Innovate Africa said it would commit significant measure of its $2.5M 2024 venture Fund to support innovators and founders at the 2024 Akwa Ibom Tech week tackling complex problems like insecurity, unemployment, and poverty through purpose-driven technology.
Akwa Ibom Tech Week is an annual showpiece of the Ibom Innovation Network, a community of innovators, pushing for a smart city of thriving innovation ecosystem driven by local content and indigenous participation to tackle local problems in Akwa Ibom and beyond.
In a release by the publicist of Ibom Innovation Network, Mr Idongesit Essien, the 2024 tech week with the theme, “Building a Resilient Innovation Ecosystem,” was aimed at sharing experiences with founders and innovators on building resilience into workflow, processes and product/service offerings.
He said, “Innovation Africa had announced a $2.5 million venture Fund this year to support 20 high-impact startups and founders tackling complex problems like insecurity, unemployment, and poverty through purpose-driven technology.
“At the launch of the Fund, co-founded by Kristin Wilson and Christian Idiodi, they admitted witnessing the struggles early-stage African founders face saying that brilliant ideas often lack the resources they need to truly thrive.
“It’s not just about funding, it’s about deep expertise and strong connections and our investment strategy breaks the cycle of innovators being at the mercy of those with too much leverage and too little knowledge.”
” At the AKTW 2024 billed for 28 October to 2 November, Innovate Africa will motivate inventors with series of curated motivational activities from fireside chats, knowledge sharing sessions, masterclasses and more.
“As an early-stage fund, it partners with businesses and startups to bring game-changing ideas that leverage technology to tackle these complex problems across the continent to improve lives and the AKTW ’24 promises to discover new heroes committed to driving Akwa Ibom into a tech hub.
