Seven of the thirty students trained by the partnership between LoftyInc and the MIT Accelerating Information Technology Innovation (AITI) , to incubate student launched local businesses around mobile application developers at the University of Ibadan this summer, have been selected by the Wennovation Hub to herald the first cycle of the Wennovation Camp this Fall.
The product enhancement and development process will be supported by business & technology mentors sourced from among the associates’ rank of the Nigeria Leadership Institute, and technical assistance will be rendered by Google Africa.
Since the MIT-AITI program ended in August, the process of Wennovating begun in earnest as these entrepreneurs were screened and carefully selected for fit into the incubation model, and allowed to reshape their teams accordingly around the best ideas.
The seven "wennovators" selected were from four teams at MIT-AITI program (InveniQ, Ting Mobile, Compass and Pluss) with very exciting products which may be enhanced or entirely remade during the WennoCamp. The Camp will span six weeks of product enhancement and business development leading up to seed funding and operations using the Hub as their space in the first few months of beta product launch.
The Wennovators are organized into two inter-disciplinary entities (teams):
Team 1 (Opacus Technologies Limited)- Alpha Product: Location Awareness & Transport Finder App
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| Team 2 (Business Name Pending CAC Approval) - Alpha Product: Enterprise Expense & Recruiter App |
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| During the Camp, the seven "wennovators" aim to coalesce around redesigned and fused products from their initial pass at their ideas, and eventually launch into the market at least two mobile technology products focused companies in Nigeria. The greatest promise of these teams is to optimize their existing products, build newer ones and truly bring Nigeria Mobile App development into the business mainstream. |
The "business bootcamp" heralding the six-weeks WennoCamp 1.0 is scheduled to begin in earnest on November 2, 2011. Exciting activities including engagement of notable CEOs, Technology gurus and bandstorming sessions are planned during the program.
This program further enhances LoftyInc's continued focus on enhancing Nigeria's innovation eco-system specifically focusing on areas like mobile technology where our impact can be most felt. It also validates the unique business incubation model designed by LoftyInc.
Our thanks to all our partners for helping us bring this program to fruition.
