edTech Challenge

The 2019 edTech Challenge is the third in the series of The Innovation Challenge (TIC) aimed at discovering, showcasing and supporting innovative, cutting edge technologies with the potential to transform Nigeria’s Education system.

ELIGIBILITY:

The Challenge is open to anyone with great *prototypes of innovative, cutting edge technologies that demonstrate a strong potential to transform the education system in Nigeria including but not limited to students, teachers, developers, designers, fintechs, tech companies etc.
*Prototypes are not ideas but minimum viable products (MVPs) that have been developed to
a stage and need support to scale further.

The Challenge is not open to:

• Employees of any company within the Union Bank group or employees of other financial institutions (commercial banks, microfinance banks, insurance companies, brokerages, investment companies).
• Anyone professionally involved in the development or administration of this Challenge.
• Any employee whose employer’s guidelines or regulations do not allow entry in the Challenge.
• Union Bank employees may however participate in workshops and may be called upon to serve as judges.

THE CHALLENGE TIMETABLE:

Call for applications
Applications for the 2019 edTech Challenge will open on Tuesday, July 30 th 2019 and close on Friday, August 23rd 2019.

Top 10 Acceleration Process
In September, the top 10 entries will be jointly selected by members of the jury. All applicants will receive necessary information on the status of their entries via email and/or SMS notifications.
The top 10 entries will be admitted into an eight weeks acceleration program where they will get access to Coach-Mentors, Capacity Building, a Community of Education stakeholders and strategic partnerships. In addition, they will gain access to Union Bank’s network of education customers and opportunities to provide global visibility for scale.

Demo Day & Announcement of Winners
After demo day, the top 3 winners will receive premium venture support from VHA Services for 12 weeks. This support will include guiding each solution to scale; linking and identifying relevant stakeholder to buy into solution and provide specialized assistance.

Funding Support
1st price — N2,500,000
2nd price — N1,500,000
3rd price — N1,000,000