Vatebra Tech Hub, backed by the Bank of Industry, has selected three startups for its maiden 6-month mentorship incubation program.
The 6-month mentorship incubation program is a corporate social responsibility (CSR) initiative sponsored by Bank Of Industry to promote skills development, youth entrepreneurship and job creation in new technology and innovations.
Commenting, Chinyelu Chikwendu, a Vatebra Tech Hub Director stated that the program will provide startups with required mentorship and give them access to finance by inviting potential investors and the Bank of Industry (BOI) to support.
“At the end of the 6-month mentoring by Vatebra Tech hub, we hope to have a Demo Day – where partners, investors, and others willing to invest can come and see what the startups can offer. We will also continue to mentor the startups and see that things are going on as they planned.”
Chinyelu Chikwendu added that over 160 startups applied for the program and three were selected from the applications.
Seun Tobi, who represented the Bank of Industry (BOI), said that mentorship is very critical in any business to succeed. He urged startups to take the program very seriously, saying at the end of the program, BOI is ready to assist in raising capital.
Meet the three selected startups
A Point of Sales Platform that enables companies, merchants, pharmacy stores, and hospitals to offer flexible credit to their customers without the use of physical cash or traditional Point- of- sale hardware. The startup allows customers to pay overtime thereby increasing merchant/partner revenue and also increasing the purchasing power of customers creating a win-win situation for customers and merchants.
It is an online platform that provides access to verified health information and health professionals in real-time. Built as an integrated platform-agnostic solution to close the gap in access to reliable and timely health information and support for African populations.
Proximate AGRO is an innovative platform that solves the problems of accessibility of farmers to finance, market, and extension services, to increase food production, creating ready-made jobs for agro-allied graduates and support training for youth and SMEs in the agricultural value chain.