In a bid to support and promote the economic and social development of women in Nigeria through innovation or technology led entrepreneurship, The Standard Chartered Bank, Nigeria, has launched the SC Women in Tech Incubator.
Through this initiative, the bank will be focusing on capacity building for women who own small enterprises and also see this as a great opportunity to support larger diversity in gender representation within technology entrepreneurship for women in the country.
The” Standard Chartered Women in Tech program” will target female entrepreneurial teams and provide them with mentorship, training, and seed funding.
In addition, there will be an open call for participation leading to a final selection of up for the top 10 contestants with the most compelling ideas. After the training period, five winners will be chosen and each will be awarded up to $10,000 to invest in their business.
The panel noted that demystifying technology and making it accessible to more women and youths is part of economic empowerment.
The Head of Corporate Affairs, Brand and Marketing in Nigeria and West Africa, Dayo Aderugbo explained that
“We are pleased to launch the SC Women in tech Incubator in Nigeria today. We are optimistic about the impact this program will have on the socio-economic empowerment of women entrepreneurs in Nigeria”.
The launch of the program in Nigeria follows a successful rollout of a similar initiative in Kenya, USA, Pakistan and more recently in UAE by Standard Chartered.
The program was firstly launched by the bank in 2014 to support women in technology at the City College of New York where it created the Women Entrepreneurs Resource Centre.