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FG, partners induct developers into Techlaunchpad initiative

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The Federal Ministry of Communications Technology and its private sector partners have inducted the first batch of software developers the Techlaunchpad initiative into its one-year-long incubation programme at the iDEA Center, Lagos.

The induction took place in Lagos on Friday under the Ministry’s supervision.

Techlaunchpad, which is the Federal Ministry of Communication Technology’s initiative to build and support a software community capable of producing world-class software solutions for all industries, was inaugurated in December 2012.

The initiative is collaboration between the Ministry of Communication Technology and industry partners aimed at nurturing and developing software entrepreneurs to build successful software companies that will initially provide software solutions for the financial services and oil and gas industry.

The programme is expected to provide mentoring and finance to incubate 10 successful software businesses in the first year that will provide industry solutions for banks and oil and gas players. Subsequent follow-on editions will cover other sectors.

Techlauchpad will also create captive markets for the local software developers. Key partners of this initiative are First Bank of Nigeria, Access Bank, ExxonMobil, Accenture, Digital Jewels, FATE Foundation, Total, and Chevron.

Induction of the first batch of finalists took place at the iDEA Center on June 21, 2013 and incubation of these enterprises will start July 1, 2013.

 “We are convinced that collaborating with forward-thinking partners the Techlaunchpad initiative will develop enterprise solutions for our industries and ultimately Africa and the world. The potential disruptions our developers can bring to bear with their software solutions and applications are truly exciting,” Accenture said in a statement.


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