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Port Harcourt: KSIH Startups woo investors, clients

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KSIH Startups woo investors, clients

Some budding entrepreneurs from the Ken Saro-Wiwa Innovation Hub on Wednesday 18th were given the privilege to present their business ideas and projects to investors and potential clients.
The KSIH Pitch Day was organized with sponsorship from Stakeholder Democracy Network to allow these early-stage companies to attract funding, partnerships and clientele for their projects.


Top business executives, representatives of several banks, members of the civil society and the media listened with rapt attention as each company used slides of pictures and a few paragraphs to outline what they are doing, the traction they are seeing and team Bios. The event held at Elkan Terrace Hotel in GRA, Port Harcourt.

Start up presenting a Demo


The young companies that made presentations include Entric, Nira Stock, TinX and Alpha Next
Speaking at the event, chief executive officer of Bobmanuel Tractor Limited and president of Rivers Entrepreneurs and Investors Forum, said he feels very much at home as he naturally connected with the young businessmen. Recounting his odyssey into the entrepreneurial world, he said: I have always been a passionate entrepreneur right from when I was in school.”
“Getting into school, the first thing I told my self was that I wanted to make money and at the same time make good grades. So I worked round the clock to find a niche for myself”, he said.
“As at when I left school I was very successful that I had a haulage company that was running. I had three trailers. I had two cars of mine. I lived very comfortably.”


“My last entrepreneurial effort is Bobtrac, the first indigenous tractor manufacturing company. Bobtrac is a company we project to invest as much as $50 million and we have done 50% of that”
“We manufacture wholly Nigerian tractors and we have a sales projection of a thousand tractors in a year, which will not be too hard.”

Dr Victoria Nyeche making a point during the start-up pitch day


He said if we could come from our very humble beginning with a focus that this is where we intend to be- if we can make it. The younger ones are even smarter than we are, you guys have what it takes to even do better.”
Also, a former member of the Rivers state House of Assembly, Dr Victoria Nyeche said she was impressed seeing people standing confidently as CEOs and demonstrating ideas that would help change the narrative about Nigeria.
“This is what happens in developed countries where young people become CEOs of thriving companies “, she said.


Dr Nyeche charged the new CEOs to take the criticism on their works as tools to further sharpen their ideas. “When you start a business, don’t get challenged no matter the challenges. Behind every success story, some stories are not so successful”, she added.
All the companies that participated in the Demo are products of Ken Saro-Wiwa Innovative Hub(KSIH). KSIH is sponsored by Stakeholder Democracy Network, the hub serves as a centre where developers, designers, entrepreneurs and trainees come together to learn, practice, network and build innovative solutions to inherent challenges in the region. The Hub provides the following Activities: Tech Training’s and Meetups, Incubation Programme, Co-working Space and Community for aspiring techies.
The hub runs a 6-month ‘incubation’ programme known as the Ken Jr Award for Innovation. The programme is designed for aspiring tech entrepreneurs, providing training, mentorship support, and soft skills to teams of people who have a business idea and minimum viable product that they want to take to market. The incubation programme aims to help mid-stage startups to build on their idea/ prototype/ venture through technology mentoring, validation, intellectual property support, marketing strategy, team building, fundraising advisory etc.

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Global

Chadian troops free Nigerian soldiers in captivity, kill 100 terrorists

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In continuation of reprisal attacks following killing of 100 of its members in Magumeri, a local government in the northern part of Borno, Chadian troops have again dealt a major blow on Boko Haram insurgents.

West Africa Reporters on Sunday , quoting sources from the Lake Chad region disclosed that Nigerian soldiers in the sect’s captivity were freed as the Chadian soldiers were hitting the Boko Haram insurgents hard.

It said the insurgents were fleeing and that President Idriss Déby has been moving around in a chopper to monitor Boko Haram destruction.

Borno is the major hotbed of Boko Haram crisis in Nigeria.

According to West Africa Reporters on Sunday, Nigerian soldiers in the sect’s captivity were freed.

It quoted sources from the Lake Chad region as saying the Chadian soldiers are hitting the Boko Haram insurgents hard.

It said the insurgents were fleeing and that President Idriss Déby has been moving around in a chopper to monitor Boko Haram destruction.

Deby ordered the operation after the terror group killed over 90 soldiers in Boma nearly two weeks ago.

He called it the worst attack ever on the country’s military and vowed to ensure the crush of Boko Haram around the Lake Chad region.

There are over 20 villages in the area.

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COVID19: Lagos govt confirms 119th case as national total reaches 224

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COVID19: Nigeria Records Second Death AS Five Patients Are Discharged in Lagos

Six new cases confirmed by the Lagos State Government on Sunday has raised the number of Coronavirus infections in the state to 119.

The Commissioner of Health in the state, Akin Abayomi disclosed on his verified Twitter handle that that 24 patients have so far been discharged, following their recovery from the disease.

In a series of tweets, the commissioner wrote: “Update as at 11.20a.m, 5th April, 2020. Six cases of COVID-19 confirmed, bringing total confirmed cases to 119.

“A COVID-19 patient was discharged on 4th April, 2020. The numbers of COVID-19 patients who have fully recovered and discharged are now 24.”

Recall that the Nigeria Centre for Disease Control (NCDC) had confirmed ten new cases of coronavirus on Sunday.

The new cases were recorded in Lagos, Abuja and Edo thereby bringing the total number to 224.

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