AKANEWSAKANEWS
  • HOME
  • NIGERIA NEWS
  • WORLD NEWS
  • POLITICS NEWS
  • BUSINESS
  • SPORT NEWS
  • OPINION
  • TECHNOLOGY NEWS
  • FEATURES
  • PROPERTY NEWS
  • AKA LIFE
  • AKA ART

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Like Oshiomhole and APC; PDP, Ayu begin journey to uncertainty

March 31, 2023

Israel organises Iftar, dinner to celebrate Tinubu’s 71 birthday

March 31, 2023

APC South Africa urges oppositions to maintain peace as they seek court redress

March 31, 2023
Facebook Twitter Instagram
  • Demos
  • TECHNOLOGY NEWS
  • PROPERTY NEWS
  • Buy Now
Facebook Twitter Instagram
AKANEWSAKANEWS
Subscribe
  • HOME
  • NIGERIA NEWS
  • WORLD NEWS
  • POLITICS NEWS
  • BUSINESS
  • SPORT NEWS
  • OPINION
  • TECHNOLOGY NEWS
  • FEATURES
  • PROPERTY NEWS
  • AKA LIFE
  • AKA ART
AKANEWSAKANEWS
Home » Timbuktoo hub to build innovative startup ecosystem for Africans
TECHNOLOGY NEWS

Timbuktoo hub to build innovative startup ecosystem for Africans

AkanewsBy AkanewsAugust 29, 2022No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email



The Timbuktoo initiative, sponsored by the United Nations Development Programme’s (UNDP)Regional Bureau for Africa has been launched in Nigeria with the aim of mobilising and investing $1 billion in public and private funding over the next decade to help spur the startup revolution across Africa.

The event, which was held in Lagos, brought together representatives from a wide range of organisations including governments, private sector, development partners, universities as well as start-ups.

According to the organisers, timbuktoo will be a game-changing addition to UNDP Africa’s mission to transform the African continent by leveraging the people themselves, especially its ambitious, dynamic youth, as the key to its growth and path out of poverty.

Eight private-sector-driven Pan-African timbuktoo hubs, each focusing on a different priority area and housing a Venture Builder and a Venture Fund, are expected to be developed across Africa.

UNDP Africa Chief Innovation Officer, Eleni Gabre-Madhin, said “Timbuktoo is a big, innovative, and unique initiative to overcome the present vacuum in early-stage risk capital, to better integrate African innovation stakeholders from universities to corporates to investors, and to enable startups to embrace the African market opportunity.

“We ‘reopening a timbuktoo hub in Lagos and we hope to utilize Africa’s youth brilliance to make it a worldwide knowledge and innovation powerhouse.

The initiative is multifaceted and seeks to support and grow innovative, scalable, and impactful entrepreneurship by young Africans. It does this by relying on a springboard of partners who, when working together, make a big difference in building an innovation and startup ecosystem for young Africans.”

The timbuktoo approach will be based on finding, nurturing, and building African solutions put forward by Africa’s youth that directly address one or more of the 17 Sustainable Development Goals (SDGs).

“In UNDP Nigeria, we prioritize innovation. That’s why we continue to invest. So, it wasn’t hard to convince the Timbuktoo team to set up a hub here in Lagos, Nigeria. This initiative is based on the belief that to achieve the SDGs, we must work hand in hand with the private sector and embrace a bold and innovative reality in which the future will be driven by technology and innovation. It is founded on the belief that exceptional achievement by ambitious and talented young people will move the needle in Africa and allow us to finally achieve our SDG targets. Our job as UNDP is to ensure the development, success and prosperity of this country. That is the future we all want,” said Mohamed Yahya, UNDP Nigeria Representative.





Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Akanews
  • Website

Related Posts

Hollywood Director, Justyn Davis, In Lagos For Cinematography Masterclass

April 1, 2023

Nigerian Idol Is Back For 8th Season

April 1, 2023

For Davido, It’s About Time! 

April 1, 2023
Add A Comment

Leave A Reply Cancel Reply

Editors Picks

Madrid's Ancelotti confirms 'exciting' Brazil interest

April 1, 2023

Klopp promises Liverpool spending spree after 'anomaly' season

April 1, 2023

Cricket federation signs contract with first team players

April 1, 2023

Hollywood Director, Justyn Davis, In Lagos For Cinematography Masterclass

April 1, 2023
Top Reviews
Advertisement
AKANEWS
Facebook Twitter Instagram Vimeo YouTube Pinterest
  • HOME
  • NIGERIA NEWS
  • WORLD NEWS
  • POLITICS NEWS
  • BUSINESS
  • SPORT NEWS
  • OPINION
  • TECHNOLOGY NEWS
  • FEATURES
  • PROPERTY NEWS
  • AKA LIFE
  • AKA ART
© 2023 AKANEWS.

Type above and press Enter to search. Press Esc to cancel.