Nigeria’s “leading technology and innovation space” Co-creation Hub (CcHub) recently launched the CcHub Diaspora Challenge to fund UK tech entrepreneurs with innovative ideas to tackle Africa’s social issues.
The CcHub Diaspora Challenge is looking to engage entrepreneurs, innovators and scientists, from African communities in the UK, to find scalable business ideas to solve Africa’s “brain drain” issues.
The international project, launched at Facebook’s London office over the weekend, is looking for early stage startups with interest in one of these areas: Financial Technology | Energy | Education.
Two companies, selected from each category, will receive nine months ‘virtual’ incubation and a $15,000 seed investment from CcHub.
A further investment of $250,000 (over £200,000), funded by Growth Capital, will be given to the most innovative startups.
Bosun Tijani, CcHub Co-founder and CEO said, “We have long wanted to build stronger tech community connections between the UK and Africa in order to increase Diaspora community involvement.
“CcHub is a social innovation hub – we innovate and build to address social problems, and we want to facilitate development-focused dialogues and attract the best talent to help us in our mission.
“The CcHub Diaspora Challenge is the starting pistol to engaging, mentoring, incubating and investing in Africans in the UK who can help ‘build Africa’ alongside us.”