{"id":32283,"date":"2019-05-31T05:41:41","date_gmt":"2019-05-31T04:41:41","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=32283"},"modified":"2019-05-31T05:41:41","modified_gmt":"2019-05-31T04:41:41","slug":"heritage-bank-empowers-hb-lab-tech-start-ups-winners-with-40000-grants","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/heritage-bank-empowers-hb-lab-tech-start-ups-winners-with-40000-grants\/","title":{"rendered":"Heritage Bank Empowers \u2018HB Lab\u2019 Tech Start-Ups\u2019 Winners With $40,000 Grants"},"content":{"rendered":"

As part of its efforts to support Nigeria\u2019s aspiration and roadmap to become a leading Information Communication Technology (ICT) Hub in Africa, Heritage Bank Plc, Nigeria\u2019s most innovative banking service provider has doled out $40, 000 grants to winners of the maiden edition of HB Innovative Lab.<\/p>\n

The maiden edition of Heritage Bank Innovation Lab Accelerator programme (HB-LAB) tagged, \u2018Demo Day,\u2019 is a 12-week programme, expected to provide technology start-ups seeking additional investments to progress and accelerate market introduction\/adoption of their solutions with co-working and internet resources, guidance and mentorship with finch start-ups founder and seed funding. However, the bank\u2019s commitment is to create enabling environment, resources and support required to innovate and accelerate impactful solutions with the potential to radically improve financial Inclusion\/Intermediation, health, automobile, agriculture, and other related problems affecting critical sectors of the economy.<\/p>\n

At the grand finale of the programme, of the seven groups, Trep Labs-Real Drip emerged the winner with the most compelling solution won the N10million, whilst Ladipomarket.com.ng won the N5million prize, as the 1st runner-up, which is equivalent of $40, 000.<\/p>\n

Speaking at the event, the MD\/CEO of the bank, Ifie Sekibo, said the bank knew it was in the best interest of the country to pay attention to the development to the technology and industrial sector. According to him, \u201cthe future of the country lies in the hands of its youth. Our youths are talented, and Heritage Bank is committed to harnessing this talent to grow the economy.\u201d<\/p>\n

He noted that although in Nigeria, technology startups still account for a relatively small share of all businesses, but they have an outsized impact on economic growth, because they provide better-paying, longer-lasting jobs than other start-ups, and they contribute more to innovation, productivity, and competitiveness.<\/p>\n

Sekibo explained further, \u201cNewly starting up a business is part of the most difficult stage of the business, you would need to source for capital and manpower. Considering the fact that you are a new business those items are not so easy and cheap for you to acquire.<\/p>\n

\u201cHowever, the presentations we have seen today shows how gifted Nigeria is with human resources, our youths have demonstrated that the country still has a beautiful future.<\/p>\n

\u201cI am impressed with the start-ups, after six weeks of drilling and grooming they have been able to develop up to this point; everyone is a winner tonight as far as I am concerned.<\/p>\n

\u201cBased on the success of this maiden edition we are going to continue this initiative, we would go back to our laboratory and create something bigger for the upcoming editions.\u201d<\/p>

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When asked what he felt about Artificial Intelligence being used in banks, he explained: \u201cTechnology has been playing a key role towards enhancing the banking sector. Thus, we saw the need to create an Artificial Intelligence product called Octopus, which has been piloted and its second edition is almost ready for launching.<\/p>\n

On his part, the Co-founder TREP Labs, Alayande Abiola, said, \u201cEmerging as first place and winning the ten million naira is going to help the growth of our clinical solutions.<\/p>\n

\u201cNow we would be able to complete our clinical trials, optimise our products development and also provide enough healthcare solutions that are battling with the country.\u201d<\/p>\n

Earlier, the bank\u2019s Divisional Head Innovation and Partnership, Ikenna Imo, explained: \u201cTwelve weeks ago we welcomed seven talented and diverse start-ups, at that time our intentions were clear that we were ready to create distinctive propositions that solves issues facing the country currently.<\/p>\n

\u201cToday, I have no doubts that the start-ups we have assembled after a selective and competitive process have what it takes to accomplish that.<\/p>\n

Over the last 12 weeks, the HB Lab has hosted a number of business leaders and founders within in the tech ecosystem who shared the experiences and evolutions of their respective businesses with the aim to inspire and impart business knowledge in the young minds looking to start out their own tech-enabled businesses.<\/p>\n

Some of the mentors at the program include; Gbenga Awe (Heritage Bank Plc), Tosin Eniolorunda (TeamApt), Abolore Salami (Riby), Deji Oduntan (Gokada), Muyiwa Faulkner (Mines.io), Shile Owoka (Smile Identity), Moses Sule (Oradian) to mention a few.<\/p>\n

Heritage Bank Plc remains committed to championing sustainable value creation, leveraging technology to ensure a culture of innovation and mutually beneficial partnerships.<\/p>\n","protected":false},"excerpt":{"rendered":"

As part of its efforts to support Nigeria\u2019s aspiration and roadmap to become a leading Information Communication Technology (ICT) Hub in Africa, Heritage Bank Plc, Nigeria\u2019s most innovative banking service provider has doled out $40, 000 grants to winners of the maiden edition of HB Innovative Lab.<\/p>\n","protected":false},"author":6,"featured_media":32284,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,1593,17,624],"tags":[1983],"coauthors":[2391],"class_list":["post-32283","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-metro","category-news","category-politics","tag-heritage-bank-plc"],"yoast_head":"\nHeritage Bank Empowers \u2018HB Lab\u2019 Tech Start-Ups\u2019 Winners With $40,000 Grants - 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