If I am not resident in Nigeria, how will I participate in the Incubation Program if I emerge as one of the Winners?
The Incubation program will be run virtually
What kind of solutions are required?
Innovative, Viable and Scalable solutions with the potential to impact various sectors of the Economy.
Solutions must be tech or tech enabled.
Solutions must not be ideas but minimum viable products (MVPs) that have been developed to a stage and need support to scale further.
How many Winners will be selected and supported?
What is the Screening process?
The selection process, which is managed by VHA Services, would be carried out by Evaluators - experienced Professionals and Entrepreneurs from within and outside the Association. who would review each entry based on the selection criteria defined in the Challenge website.
Will the winners receive a grant?
No, The Top 7 will be presented to Potential Investors
What do the terms - Prototype, MVP, and Fully launched product - mean?
Prototype - A prototype is an early sample, model, or release of your product usually built to test the concept or process, for demonstration purposes or as part of the development process for your solution. It can come in a variety of forms including paper, Semantics, 3D printing, software programming. forms.
MVP [Minimum Viable Product] - An MVP is an existing functional version of your product. This means that your idea has gone beyond the idea stage and you have built something that can perform at least one of the tasks that your solution aims to tackle.
Fully launched Product - This is a fully developed version of your product which can perform all the tasks that your solution aims to tackle.
What is the difference between Technology and Technology-enabled solutions?
A Technology solution creates new technology products or services, while a Technology-enabled solution doesn’t create a new technology. It simply leverages existing technology to deliver better, faster or cheaper outcomes".