Wema Bank has announced the grand finale of the fifth edition of its flagship tech competition, Hackaholics 5.0, which will take place on November 27, 2024. This highly anticipated event will feature the brightest young innovators from across Nigeria, competing for a share of ₦75 million in cash prizes and grants.
Hackaholics 5.0: Empowering Youth and Startups in Tech
Launched in 2019, Hackaholics is Wema Bank’s groundbreaking initiative aimed at harnessing the entrepreneurial spirit and creativity of Nigeria’s youth. The competition provides a platform for young innovators to turn their tech-driven ideas into impactful solutions. With the theme “Meta Idea: Capitalizing Africa’s Growth Through Innovation,” this year’s edition seeks to highlight how technological solutions can drive Africa’s development, capitalizing on the continent’s growing digital economy.
Grand Finale: A Showcase of Innovative Tech Solutions
The Hackaholics 5.0 grand finale will feature top innovators from universities and tech communities across Nigeria. Participants will pitch their Digi-Tech solutions designed to address real-world challenges and contribute to Africa’s social and economic progress. The event promises to be the culmination of months of competition, mentorship, and collaboration, with a focus on youth-led, tech-driven solutions for Africa’s future.
Wema Bank’s Commitment to Innovation and Digital Transformation
Moruf Oseni, Managing Director/CEO of Wema Bank, highlighted the bank’s vision for Hackaholics, stating, “Hackaholics is more than just a competition; it is a movement to equip Nigeria’s youth with the tools and networks needed to drive Africa’s digital transformation. This year’s theme is a call for young innovators to think creatively and design solutions that will leverage Africa’s growth potential through innovation.”
Exciting Prizes for Hackaholics 5.0 Winners
The stakes are high for participants in this year’s grand finale. The total prize pool for Hackaholics 5.0 is valued at ₦75,000,000, with the winning team receiving ₦30,000,000, the first runner-up taking home ₦20,000,000, and the second runner-up receiving ₦15,000,000 in prizes. In addition, a special ₦10,000,000 grant will be awarded to the top female-led team, promoting gender diversity in the tech innovation space.
Supporting Tech Innovators with Mentorship and Resources
Beyond cash prizes, the winners of Hackaholics 5.0 will gain access to Wema Bank’s extensive network of investors, mentors, and industry experts. This support will help them scale their innovations, driving growth and impact across Nigeria and beyond. The competition has already engaged over 10,000 aspiring innovators and entrepreneurs from across the country, and the top 34 participants are set to pitch their ideas at the pre-pitch stage ahead of the grand finale in Lagos.
Hackaholics: Shaping the Future of Tech Innovation in Africa
Over the years, Hackaholics has become one of Nigeria’s largest and most influential tech competitions, providing a platform for young Nigerians to develop solutions for Africa’s most pressing challenges. Through this initiative, Wema Bank continues to demonstrate its commitment to fostering innovation, entrepreneurship, and digital transformation in Africa.
Register for the Hackaholics 5.0 Grand Finale
The Hackaholics 5.0 grand finale is not to be missed. Interested individuals can register now to attend this exciting event and witness the next wave of digital innovators.
Stay tuned for more updates and join us to celebrate the future of Africa’s tech industry!
