After a stringent screening process, nine of the over 200 applicants for Pitch Storm took to the stage today, to win the heart of judges and investors at the maiden edition of Techpoint Build — an annual convergence of startups, innovators, makers, technical entrepreneurs and all industry stakeholders across Nigeria.
The nine finalists; Accounteer, Wemove, The Footwear Academy, SmartTeller, myPadi, Legitcar, Gerocare, Loystar and Placements had been part of an intense 3-day Bootcamp to help them prepare them for the D-day. They made their presentations before a team of judges and now the judges have decided. Here are our category winners;
Service category — Placements
Utility category — Legitcar
Productivity category — Acounteer
Yet, only one winner went away with the prize; Placements, a platform that allows job seekers find paid internship opportunities in Nigeria emerged as the overall winner of the 2018 Techpoint Build Pitch Storm competition.
Placements have now bagged an equity-free cash prize of ₦1 million and, along with other finalists, will gain the necessary exposure for their business and possibly investments too. Acounteer, and Legitcar also emerged as the first and second runnerup respectively.
The judges for the event include; Nick Dixon (Founder, Cloud Cover) , Aima Nwafor-Ohiwerei (Fellow, Singularity Investments) , Adetunji Eleso( Head,Growth Capital CChub) , Deepankar Rustagi ( CEO, Vconnect) , Yele Bademosi (Founder, Microtraction), Olanike Jagun (MTN) , Jason Njoku ( Founder, Spark), Leonard Stiegeler(GM, Ringier Africa)) Kola Aina ( Founder, Emerging Platforms), Chika Nwobi (CEO, L5 Lab) and Martin Karanji (GSMA)
All the nine finalists will converge with investors this evening at a dinner put together by the Techpoint team. We are positive that our goal to foster increased local investment in our local startup ecosystem will be achieved.
Techpoint Build will be back again next year, you should get ready.
Nigerian startups raised $17.6m in Q1 2019, 8.5% higher than they did in Q1 2018. Find out more in the latest quarterly edition of the Nigerian Startup Funding Report here.